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Amendment CaShTmL-134526.HTM
    Florida Senate - 2005                        SENATOR AMENDMENT
    Bill No. HB 1889, 1st Eng.
                        Barcode 134526
                            CHAMBER ACTION
              Senate                               House
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 1                  WD/2R          .                    
       04/28/2005 04:40 PM         .                    
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11  Senator Klein moved the following amendment:
12  
13         Senate Amendment 
14         On lines 256 through 301, delete those lines
15  
16  and insert:  
17         Section 2.  Effective July 1, 2006, subsections (9) and
18  (10) of section 201.15, Florida Statutes, as amended by this
19  act, are amended, and subsections (17) and (18) are added to
20  that section, to read:
21         201.15  Distribution of taxes collected.--All taxes
22  collected under this chapter shall be distributed as follows
23  and shall be subject to the service charge imposed in s.
24  215.20(1), except that such service charge shall not be levied
25  against any portion of taxes pledged to debt service on bonds
26  to the extent that the amount of the service charge is
27  required to pay any amounts relating to the bonds:
28         (9)  The lesser of seven and fifty-three forty-five
29  hundredths percent of the remaining taxes collected under this
30  chapter or an amount equal to $8.38 multiplied by the state
31  population, with the determination of such population to be
                                  1
    6:13 PM   04/19/05                           h188901e1b-30-c9h

Florida Senate - 2005 SENATOR AMENDMENT Bill No. HB 1889, 1st Eng. Barcode 134526 1 made with respect to any fiscal year on the basis of the most 2 recent census estimate of the resident population of the state 3 released by the Bureau of Census before the January 15 which 4 precedes the beginning of such fiscal year, shall be paid into 5 the State Treasury to the credit of the State Housing Trust 6 Fund and shall be used as follows: 7 (a) Half of that amount shall be used for the purposes 8 for which the State Housing Trust Fund was created and exists 9 by law. 10 (b) Half of that amount shall be paid into the State 11 Treasury to the credit of the Local Government Housing Trust 12 Fund and shall be used for the purposes for which the Local 13 Government Housing Trust Fund was created and exists by law. 14 (10) The lesser of eight and sixty-six fifty-seven 15 hundredths percent of the remaining taxes collected under this 16 chapter or an amount equal to $10.65 multiplied by the state 17 population, with the determination of such population to be 18 made with respect to any fiscal year on the basis of the most 19 recent census estimate of the resident population of the state 20 released by the Bureau of Census before the January 15 which 21 precedes the beginning of such fiscal year, shall be paid into 22 the State Treasury to the credit of the State Housing Trust 23 Fund and shall be used as follows: 24 (a) Twelve and one-half percent of that amount shall 25 be deposited into the State Housing Trust Fund and be expended 26 by the Department of Community Affairs and by the Florida 27 Housing Finance Corporation for the purposes for which the 28 State Housing Trust Fund was created and exists by law. 29 (b) Eighty-seven and one-half percent of that amount 30 shall be distributed to the Local Government Housing Trust 31 Fund and shall be used for the purposes for which the Local 2 6:13 PM 04/19/05 h188901e1b-30-c9h
Florida Senate - 2005 SENATOR AMENDMENT Bill No. HB 1889, 1st Eng. Barcode 134526 1 Government Housing Trust Fund was created and exists by law. 2 Funds from this category may also be used to provide for state 3 and local services to assist the homeless. 4 (17) Distributions to the State Housing Trust Fund 5 pursuant to subsections (9) and (10) shall be sufficient to 6 cover amounts required to be transferred to the Florida 7 Affordable Housing Guarantee Program's annual debt service 8 reserve and guarantee fund pursuant to s. 420.5092(6)(a) and 9 (b) up to but not exceeding the amount required to be 10 transferred to such reserve and fund prior to July 1, 2005. 11 (18) In each fiscal year after fiscal year 2006-2007, 12 the dollar amount to be paid pursuant to subsections (9) and 13 (10) shall be increased by a cost adjustment equal to such 14 dollar amount multiplied by the percentage by which the median 15 sales price of a single-family existing home as of December of 16 the calendar year preceding such fiscal year exceeds the sales 17 price of such a home as of December 2004. For purposes of 18 this subsection, the term "median price of a single-family 19 existing home" means the price in the Florida Sales Report 20 released each year by the Florida Association of Realtors and 21 the University of Florida Real Estate Research Center. 22 23 24 25 26 27 28 29 30 31 3 6:13 PM 04/19/05 h188901e1b-30-c9h
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