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FL H0575
Bill
Status
2/29/2012
Primary Sponsor
Dana Young
Click for details
AI Summary
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Codifies and reenacts the Hillsborough County Aviation Authority's special acts, consolidating prior legislative authority into a single comprehensive charter while serving as a reviser's bill to delete expired provisions, correct errors, and improve clarity.
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Creates a 5-member governing board consisting of the Mayor of Tampa (ex officio), one Board-selected county commissioner (ex officio), and three members appointed by the Governor for 4-year terms, with no compensation for members.
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Grants the Authority extensive powers including control over county airports, authority to issue bonds (which must be self-liquidating and payable only from Authority revenues), establish rates and fees, acquire property by eminent domain, and manage concessions and facilities.
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Establishes bondholder rights and remedies, including appointment of trustees, mandatory rate-setting provisions, and receivership authority if the Authority defaults on principal or interest for 30 days or fails to comply with bond agreements.
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Repeals prior chapters 2003-370 and 2007-292 while preserving all existing Authority actions, contracts, and bondholder rights; takes effect upon becoming law.
Legislative Description
Hillsborough County Aviation Authority
Last Action
Ordered enrolled -HJ 1097
3/5/2012