July 19, 2019
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       Florida Senate - 2010                                    SB 1432
       
       
       
       By Senator Wilson
       
       
       
       
       33-01379-10                                           20101432__
    1                        A bill to be entitled                      
    2         An act relating to the State Housing Trust Fund;
    3         amending s. 201.15, F.S.; revising provisions
    4         governing the distribution of a portion of the
    5         proceeds of the excise tax on documents to the State
    6         Housing Trust Fund; providing for the annual
    7         appropriation of a portion of the taxes distributed to
    8         the State Housing Trust Fund for specified uses
    9         conforming to the purposes for which the fund was
   10         created; providing an effective date.
   11  
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Subsections (9) and (10) of section 201.15,
   15  Florida Statutes, as amended by chapter 2009-271, Laws of
   16  Florida, are amended to read:
   17         201.15 Distribution of taxes collected.—All taxes collected
   18  under this chapter are subject to the service charge imposed in
   19  s. 215.20(1). Prior to distribution under this section, the
   20  Department of Revenue shall deduct amounts necessary to pay the
   21  costs of the collection and enforcement of the tax levied by
   22  this chapter. Such costs and the service charge may not be
   23  levied against any portion of taxes pledged to debt service on
   24  bonds to the extent that the costs and service charge are
   25  required to pay any amounts relating to the bonds. After
   26  distributions are made pursuant to subsection (1), all of the
   27  costs of the collection and enforcement of the tax levied by
   28  this chapter and the service charge shall be available and
   29  transferred to the extent necessary to pay debt service and any
   30  other amounts payable with respect to bonds authorized before
   31  January 1, 2010, secured by revenues distributed pursuant to
   32  subsection (1). All taxes remaining after deduction of costs and
   33  the service charge shall be distributed as follows:
   34         (9) Seven and fifty-three hundredths The lesser of 7.53
   35  percent of the remaining taxes collected under this chapter or
   36  $107 million in each fiscal year shall be paid into the State
   37  Treasury to the credit of the State Housing Trust Fund and shall
   38  be used as follows:
   39         (a) Half of that amount shall be used for the purposes for
   40  which the State Housing Trust Fund was created and exists by
   41  law.
   42         (b) Half of that amount shall be paid into the State
   43  Treasury to the credit of the Local Government Housing Trust
   44  Fund and shall be used for the purposes for which the Local
   45  Government Housing Trust Fund was created and exists by law.
   46         (10) Eight and sixty-six hundredths The lesser of 8.66
   47  percent of the remaining taxes collected under this chapter or
   48  $136 million in each fiscal year shall be paid into the State
   49  Treasury to the credit of the State Housing Trust Fund and shall
   50  be used as follows:
   51         (a) Twelve and one-half percent of that amount shall be
   52  deposited into the State Housing Trust Fund and be expended by
   53  the Department of Community Affairs and by the Florida Housing
   54  Finance Corporation for the purposes for which the State Housing
   55  Trust Fund was created and exists by law.
   56         (b) Eighty-seven and one-half percent of that amount shall
   57  be distributed to the Local Government Housing Trust Fund and
   58  used for the purposes for which the Local Government Housing
   59  Trust Fund was created and exists by law. Funds from this
   60  category may also be used to provide for state and local
   61  services to assist the homeless.
   62         Section 2. The Legislature shall annually appropriate at
   63  least 90 percent of the tax proceeds distributed to the State
   64  Housing Trust Fund for the purpose of providing affordable
   65  housing units and other purposes for which the State Housing
   66  Trust Fund was created.
   67         Section 3. This act shall take effect July 1, 2010.

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