CS for CS for SB 1048 Summary

• Creates authority for the Department of Transportation to factor future revenues from wireless communication facility leases on state property on a nonrecourse basis, with proceeds deposited in the State Transportation Trust Fund for fixed capital expenditures.

• Establishes that transportation authorities created by special act are subject to referenda no more than once every 8 years, with referenda applying only to future bond issuances and not affecting existing issuances.

• Revises outdoor advertising sign regulations by limiting sign permits to commercial or industrial zones as determined by local government, with new criteria for determining commercial or industrial parcels and unzoned areas.

• Modifies sign permit procedures including changes to permit transfer fees (maximum $1,000 for multiple transfers), replacement tag requirements, permit tag placement standards, and procedures for unpermitted signs seeking legalization.

• Creates new sign exemptions for tourist-oriented businesses in rural areas of critical economic concern, farm signs during harvest seasons, school acknowledgment signs, and sports facility displays, conditioned on not adversely impacting federal highway funding allocation.