FL S1996

Repeals sections 49 and 51 of chapter 2011-47, Laws of Florida, abrogating future expiration dates for amendments to sections 163.3247(3)(d) and 201.15(1)(c)2., Florida Statutes.

Requires the Auditor General and Office of Program Policy Analysis and Government Accountability to conduct a joint audit and review of the Florida Housing Finance Corporation, with a work plan due by July 1, 2012, and final report due by December 1, 2012.

Authorizes the Florida Housing Finance Corporation to use up to 10 percent of annual allocations of low-income housing tax credits, nontaxable revenue bonds, and State Apartment Incentive Loan Program funds for high-priority affordable housing projects including economic development, veteran housing, and special needs populations.

Allows the Florida Housing Finance Corporation to accept payment of deferred program interest in up to five equal annual installments, with maximum funding of $2.5 million per project for existing projects under the Florida Affordable Housing Guarantee Program, expiring June 30, 2013.

Deletes the July 1, 2012 expiration date for workers' compensation coverage for participants in adult or youth work experience activities and authorizes independent special districts in disproportionally affected counties to reduce utility rates for users providing community economic benefits through board resolution.