CS/HB 137 Summary

• Designates the Florida Housing Finance Corporation as the state fiscal agency to make bond determinations required by the Florida Constitution, replacing the State Board of Administration in this role.

• Authorizes the corporation's board of directors to delegate authority to the executive director to perform bond determinations and requires the executive director to report annually to the board instead of the State Board of Administration.

• Revises bond interest rate limitations to reference s. 215.84(3) and removes the requirement for State Board of Administration authorization to exceed maximum interest rates.

• Conforms s. 420.5092 regarding the Florida Affordable Housing Guarantee Program to remove reference to State Board of Administration rules and standards.

• Takes effect July 1, 2022.