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Florida Senate - 2008 SENATOR AMENDMENT

Bill No. CS/CS/HB 1399, 2nd Eng.

196800

CHAMBER ACTION

Senate

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House



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Senator Baker moved the following amendment to amendment

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(844108):

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     Senate Amendment

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     Delete line(s) 2155-2165

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and insert:

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     (c) Notwithstanding any other provision of law, expressway

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authorities created under parts I-X of chapter 348 may index toll

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rates on toll facilities to the annual Consumer Price Index or

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similar inflation indicators. Once a toll rate index has been

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implemented pursuant to this paragraph, the toll rate index shall

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remain in place and may not be revoked. Toll rate index for

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inflation under this subsection must be adopted and approved by

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the expressway authority board at a public meeting and may be

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made no more frequently than once a year and must be made no less

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frequently than once every 5 years as necessary to accommodate

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cash toll rate schedules. Toll rates may be increased beyond

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these limits as directed by bond documents, covenants, or

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governing body authorization or pursuant to department

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administrative rule.

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4/30/2008  10:45:00 PM     TR.20.09357

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

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