Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. CS for SB 728
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/24/2019           .                                

       The Committee on Rules (Lee) recommended the following:
    1         Senate Amendment (with title amendment)
    3         Between lines 45 and 46
    4  insert:
    5         Section 1. Subsection (1) of section 190.016, Florida
    6  Statutes, is amended to read:
    7         190.016 Bonds.—
    8         (1) SALE OF BONDS.—Bonds may be sold in blocks or
    9  installments at different times, or an entire issue or series
   10  may be sold at one time. Bonds may be sold at public or private
   11  sale after such advertisement, if any, as the board may deem
   12  advisable but not in any event at less than 90 percent of the
   13  par value thereof, together with accrued interest thereon. Any
   14  bond sold in accordance with s. 189.051(2) and this section,
   15  where applicable, must be issued in denominations of not less
   16  than $500,000 each and in integral multiples of not less than
   17  $5,000 above such amount, provided that if a bond is partially
   18  redeemed by the district and the unredeemed portion is less than
   19  $500,000, such unredeemed portion must remain in the largest
   20  possible denomination of less than $500,000, in integral
   21  multiples of not less than $5,000. Any bond that has been
   22  assigned a rating by Moody’s Investor Services, Standard &
   23  Poor’s, or Fitch Ratings may be transferred in denominations of
   24  not less than $5,000 increments. Bonds may be sold or exchanged
   25  for refunding bonds. Special assessment and revenue bonds may be
   26  delivered by the district as payment of the purchase price of
   27  any project or part thereof, or a combination of projects or
   28  parts thereof, or as the purchase price or exchange for any
   29  property, real, personal, or mixed, including franchises or
   30  services rendered by any contractor, engineer, or other person,
   31  all at one time or in blocks from time to time, in such manner
   32  and upon such terms as the board in its discretion shall
   33  determine. The price or prices for any bonds sold, exchanged, or
   34  delivered may be:
   35         (a) The money paid for the bonds;
   36         (b) The principal amount, plus accrued interest to the date
   37  of redemption or exchange, or outstanding obligations exchanged
   38  for refunding bonds; and
   39         (c) In the case of special assessment or revenue bonds, the
   40  amount of any indebtedness to contractors or other persons paid
   41  with such bonds, or the fair value of any properties exchanged
   42  for the bonds, as determined by the board.
   44  ================= T I T L E  A M E N D M E N T ================
   45  And the title is amended as follows:
   46         Between lines 2 and 3
   47  insert:
   48         amending s. 190.016, F.S.; providing requirements
   49         under which specified bonds must be sold; authorizing
   50         the sale of certain bonds in denominations of
   51         specified increments;