Florida Senate - 2021 Committee Amendment
SPB2500 AP 38
The Committee on Appropriations (Bean) recommended the following
Section: 18 EXPLANATION:
On Page: 406 Inserts language in the back of the bill authorizing
Florida State University to construct fixed capital
Spec App: outlay projects from non-state appropriations.
NET IMPACT ON: Total Funds General Revenue Trust Funds
Recurring - 0 0 0
Non-Recurring - 0 0 0
Positions & Amount Positions & Amount
EDUCATION, DEPARTMENT OF 48000000
In Section 18 On Page 406
In Section 18, on Page 406, INSERT the following:
SECTION 18. Pursuant to section 1010.62 and section 1013.171, Florida
Statutes, and section 11(d) and (f), Article VII of the Florida
Constitution, the following fixed capital outlay projects may be
constructed, acquired, and financed by a university or university direct
support organization. Financing mechanisms include any form of approved
debt or bonds authorized by the Board of Governors.
No state appropriation of funds will be associated with these projects.
The Legislature has provided the Board of Governors general authority to
consider debt financing for most classes of projects. However, certain
athletic and commercial facilities require specific Legislative
authorization as a prerequisite condition for these projects.
Legislative authorization does not supersede any of the requirements for
Board of Governors review and approval of all projects to be financed
from debt, unless the project as proposed meets an exception in the
Board of Governors Debt Management Guidelines.
Florida State University - 200 W. College Avenue - Administrative office
Florida State University - 535 W. College Avenue - Administrative and
995034 Log:0038 DWB/DWB 03/29/21 08:51:27 PM Senate Page: 1
995034 Log:0038 DWB/DWB 03/29/21 08:51:27 PM Senate Page: 2