FL H7069

Restructures Florida's private activity bond state volume limitation allocation system by requiring the Division of Bond Finance to annually determine and publish the state volume limitation, and allocate it among new pools: 50% to affordable housing allocation pools, 25% to the Florida Housing Finance Corporation pool, and 25% to the economic development allocation pool

Establishes a regional affordable housing allocation pool (January 1–May 31) distributed proportionally by population across 11 defined geographic regions, transitioning to a statewide affordable housing pool (June 1–September 30), with unused amounts flowing to a state allocation pool on October 1 and a carryforward pool on December 1

Creates new procedures requiring issuers to file a notice of intent to issue with specified information (issuer name, project description, amount requested, TEFRA approval certification, bond counsel opinion, and applicable fee up to $500) before obtaining a confirmation of state volume limitation allocation; a separate notice is required for each proposed bond issuance

Repeals multiple existing statutes (ss. 159.804, 159.805, 159.806, 159.807, 159.8075, 159.8081, 159.8083, 159.809, 159.81, 159.8105, 159.812, 159.815) and replaces them with a consolidated framework governing allocation pools, issuance reports, carryforward confirmations, and mortgage credit certificate conversions

Effective January 1, 2025, and authorizes electronic filing of notices of intent, issuance reports, and carryforward applications through a division web portal