FL H0773

Municipalities may transfer up to 10% of public utility earnings to their general fund for public utility purposes, with the transfer percentage requiring approval by local referendum with majority vote of utility customers

For customers outside municipal boundaries, the allowable transfer percentage decreases as the proportion of outside customers increases

During a Governor-declared state of emergency, the 10% cap may be exceeded by four-fifths vote of the municipal governing body, but amounts over 10% must be repaid within 3 fiscal years

Transfers are prohibited from restricted revenues, designated grant funds, impact fees, and debt proceeds; municipalities making prohibited transfers lose eligibility for state infrastructure funds under chapter 216

Municipalities must disclose in annual budgets and financial reports the transfer amount, percentage of utility earnings it represents, and the purpose of the transfer