November 28, 2020
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064881
  Amendment
Bill No. 1889
Amendment No. 064881
CHAMBER ACTION
Senate House
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1Representative Brummer offered the following:
2
3     Substitute Amendment for Amendment (053673) (with title
4amendment)
5Remove lines 254-291 and insert:
6     Section 2.  Effective July 1, 2006, subsections (9) and
7(10) of section 201.15, Florida Statutes, as amended by this
8act, are amended, and subsection (17) is added to said section,
9to read:
10     201.15  Distribution of taxes collected.--All taxes
11collected under this chapter shall be distributed as follows and
12shall be subject to the service charge imposed in s. 215.20(1),
13except that such service charge shall not be levied against any
14portion of taxes pledged to debt service on bonds to the extent
15that the amount of the service charge is required to pay any
16amounts relating to the bonds:
17     (9)  The lesser of seven and fifty-three forty-five
18hundredths percent of the remaining taxes collected under this
19chapter or $85 million shall be paid into the State Treasury to
20the credit of the State Housing Trust Fund and shall be used as
21follows:
22     (a)  Half of that amount shall be used for the purposes for
23which the State Housing Trust Fund was created and exists by
24law.
25     (b)  Half of that amount shall be paid into the State
26Treasury to the credit of the Local Government Housing Trust
27Fund and shall be used for the purposes for which the Local
28Government Housing Trust Fund was created and exists by law.
29     (10)  The lesser of eight and sixty-six fifty-seven
30hundredths percent of the remaining taxes collected under this
31chapter or $108 million shall be paid into the State Treasury to
32the credit of the State Housing Trust Fund and shall be used as
33follows:
34     (a)  Twelve and one-half percent of that amount shall be
35deposited into the State Housing Trust Fund and be expended by
36the Department of Community Affairs and by the Florida Housing
37Finance Corporation for the purposes for which the State Housing
38Trust Fund was created and exists by law.
39     (b)  Eighty-seven and one-half percent of that amount shall
40be distributed to the Local Government Housing Trust Fund and
41shall be used for the purposes for which the Local Government
42Housing Trust Fund was created and exists by law. Funds from
43this category may also be used to provide for state and local
44services to assist the homeless.
45     (17)  Distributions to the State Housing Trust Fund
46pursuant to subsections (9) and (10) shall be sufficient to
47cover amounts required to be transferred to the Florida
48Affordable Housing Guarantee Program's annual debt service
49reserve and guarantee fund pursuant to s. 420.5092(6)(a) and (b)
50up to but not exceeding the amount required to be transferred to
51such reserve and fund prior to July 1, 2005.
52
53================ T I T L E  A M E N D M E N T =============
54     Remove line 15 and insert:
55housing guarantees; requiring distributions to the State
56Housing Trust Fund to be sufficient for certain purposes;
57providing a limitation; providing effective dates.


CODING: Words stricken are deletions; words underlined are additions.
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