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FL H0717

Bill

Status

Passed

6/29/2020

Primary Sponsor

Commerce Committee

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Origin

House of Representatives

2020 Regular Session

AI Summary

  • Removes requirement for Space Florida to obtain Governor and Cabinet approval before issuing bonds, and eliminates the 14-day notice requirement to legislative presiding officers and appropriations chairs

  • Revises definition of "bonds" to include revenue bonds and bank loans, while removing references to assessment bonds and other obligations

  • Reduces maximum bond maturity period from 40 years to 30 years from date of issuance

  • Repeals three statutory sections related to pledging assessments as additional bond security, bond anticipation notes, and short-term borrowing authority

  • Authorizes Space Florida to validate bonds through court proceedings under Chapter 75 as an alternative to the existing 20-day public notice validation process

Legislative Description

Space Florida Financing

Last Action

Chapter No. 2020-105

6/29/2020

Committee Referrals

Military and Veterans Affairs and Space3/5/2020
Commerce Committee1/27/2020
Ways and Means Committee1/15/2020
Workforce Development and Tourism Subcommittee12/3/2019

Full Bill Text

No bill text available