FL S1152

Creates section 339.041 of Florida Statutes to authorize the Department of Transportation to factor future revenues from wireless communication facility leases on state property through agreements with investors on a non-recourse basis

Defines eligible department property for factoring as real property within limited access rights-of-way, unused property outside current operating limits, Board of Trustees of the Internal Improvement Trust Fund property leased by the department, and space on department telecommunications facilities and structures

Exempts factoring agreements from chapter 287 competitive bidding requirements and structures them as tax-exempt financings to maximize proceeds available for capital expenditures

Prohibits the department from pledging state credit, general revenues, or taxing power; limits liability to payments received from leases, with all revenue shortfall risk borne by investors

Requires proceeds from wireless communication facility leases be deposited in the State Transportation Trust Fund and used exclusively for fixed capital expenditures for the statewide transportation system