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FL S1632

Bill

Official Source

Status

Passed

4/15/2010

Primary Sponsor

Mike Fasano

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Creates the Transportation Revenue Bond Trust Fund within the Department of Transportation to receive proceeds from revenue bonds secured by state and federal revenues
  • Credits net proceeds from revenue bonds issued for eligible transportation projects to the trust fund to pay eligible project costs
  • Allows fund balances to carry over at the end of each fiscal year and remain available for trust fund purposes
  • Terminates the Transportation Revenue Bond Trust Fund on July 1, 2014, unless terminated sooner, with a required review before scheduled termination per s. 215.3206
  • Takes effect July 1, 2010, requiring a three-fifths vote of both legislative houses for passage

Legislative Description

Transportation Revenue Bond Trust Fund/DOT [WPSC]

Last Action

Approved by Governor -SJ 00617; Chapter No. 2010-14

4/15/2010

Committee Referrals

Transportation and Economic Development Appropriations2/10/2010

Full Bill Text

No bill text available