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FL S7090
Bill
AI Summary
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Creates section 166.28, F.S., defining "designated revenues" as abatement fines, administrative fines, property fines, and utility charges owed to municipalities.
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Requires municipalities to issue a procurement request to collection agencies within 30 days if delinquent designated revenues meet thresholds of $10 million (90+ days overdue), $5 million (180+ days overdue), or $1 million (270+ days overdue).
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Mandates procurement requests specify that collection agencies must offer up-front cash payments to municipalities in addition to contingency fees, and prohibits acceptance of bids based solely on contingency fees.
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Exempts municipalities with delinquent revenues below 20 percent of total revenues billed in the previous 12 months from procurement requirements.
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Requires municipalities to submit all bids received to the Department of Financial Services, which must retain them for 5 years, and mandates inclusion of delinquent revenue collection efforts in municipal financial audit management letters.
Legislative Description
Local Government Capital Recovery
Last Action
On Committee agenda-- Community Affairs, 04/14/15, 4:00 pm, 301 Senate Office Building -- Submitted as Committee Bill; YEAS 5 NAYS 3
4/9/2015