November 27, 2020
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327295
  Amendment
Bill No. CS/CS/HB 1399
Amendment No. 327295
CHAMBER ACTION
Senate House
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1Representatives Zapata and Robaina offered the following:
2
3     Amendment (with title amendment)
4     Remove lines 1865-1879 and insert:
5     (4)(a)(5)  When bonds are outstanding which have been
6issued to finance or refinance any turnpike project, the tolls
7and all other revenues derived from the turnpike system and
8pledged to such bonds shall be set aside as may be provided in
9the resolution authorizing the issuance of such bonds or the
10trust agreement securing the same. The tolls or other revenues
11or other moneys so pledged and thereafter received by the
12department are immediately subject to the lien of such pledge
13without any physical delivery thereof or further act. The lien
14of any such pledge is valid and binding as against all parties
15having claims of any kind in tort or contract or otherwise
16against the department irrespective of whether such parties have
17notice thereof. Neither the resolution nor any trust agreement
18by which a pledge is created need be filed or recorded except in
19the records of the department.
20     (b)  The department shall annually transfer an amount
21equivalent to 2.5 percent of the revenues collected on the
22Homestead Extension of the Florida Turnpike to the Miami-Dade
23Expressway Authority.
24
25
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26
T I T L E  A M E N D M E N T
27     Remove line 139 and insert:
28methods; requiring public notice and hearing; requiring the
29department to annually transfer a specified percentage of funds
30to the Miami-Dade Expressway Authority; amending s.


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