Friday, October 31, 2014

CS/HB 7213 - Capital Formation for Infrastructure Projects

General Bill   by Finance & Tax Council and Economic Development & Community Affairs Policy Council and Murzin and Eisnaugle (CO-SPONSORS) Holder
Capital Formation for Infrastructure Projects: Provides for creation of Florida Infrastructure Fund Partnership; provides partnership's purpose & duties; provides for management of partnership by Florida Opportunity Fund; authorizes fund to lend moneys to partnership; requires partnership to raise funds from investment partners; provides for commitment agreements with & issuance of certificates to investment partners; authorizes partnership to invest in certain infrastructure projects; prohibits partnership & fund from pledging credit or taxing power of state or political subdivisions; prohibits partnership from investing in projects with or accepting investments from certain companies; creates Florida Infrastructure Investment Trust; provides for powers & duties, board of trustees, & administrative officer of trust; provides for trust's issuance of certificates to investment partners who invest in partnership; specifies that certificates are redeemable for tax credits under certain conditions; authorizes trust to charge fees; limits amount of tax credits issued & amount of tax credits that may be claimed or applied against state taxes in any year; provides for redemption or sale of certificates; provides for issuance of tax credits by DOR; specifies taxes against which credits may be applied; limits period within which tax credits may be used; provides for state's obligation for use of tax credits; limits liability of fund; requires DOR to provide certain written assurance to trust; specifies that certain securities transaction requirements do not apply to certificates & tax credits transferred or sold under act; authorizes DOR to provide tax credit information to partnership & trust.
Effective Date: July 1, 2010
Last Event: 04/30/10 S Died in Messages on Friday, April 30, 2010 8:47 PM
Recommending committee actions by:
   Economic Development & Community Affairs Policy Council
  On agenda for: 04/07/10   8:00 AM Notice
     Favorable (final action) See Votes

Referred Committees and Committee Actions

House Referrals

    -   Finance & Tax Council
           On agenda for: 04/14/10 9:15 AM              Notice
        Favorable With Council Substitute (final action)              See Votes
 

Related Bills

(no related bills on record)

Bill Text

Staff Analysis

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
House 04/22/2010 11:21 AM   113 0 Passage Vote [Seq# 883]

Bill History

Event Time Member Committee
04/30/10 S Died in Messages Friday, April 30, 2010 8:47 PM
04/22/10 S In Messages Thursday, April 22, 2010 12:14 PM
Message sent to senate Thursday, April 22, 2010 12:10 PM
Passage on third reading Thursday, April 22, 2010 11:21 AM
CS passed; YEAS 113, NAYS 0 Thursday, April 22, 2010 11:20 AM
Read 3rd time Thursday, April 22, 2010 11:20 AM
Added to Third Reading Calendar Wednesday, April 21, 2010 8:02 PM
Read 2nd time Wednesday, April 21, 2010 6:20 PM
Bill added to Special Order Calendar (4/21/2010) Monday, April 19, 2010 10:00 PM
Added to Second Reading Calendar Friday, April 16, 2010 4:22 PM
Bill referred to House Calendar Friday, April 16, 2010 4:22 PM
1st Reading Thursday, April 15, 2010 10:14 PM
CS Filed Thursday, April 15, 2010 11:21 AM
Laid on Table under Rule 7.20 Thursday, April 15, 2010 11:21 AM
Reported out of Finance & Tax Council Thursday, April 15, 2010 11:12 AM Finance & Tax Council
Favorable with CS by Finance & Tax Council Wednesday, April 14, 2010 11:30 AM Finance & Tax Council
Added to Finance & Tax Council agenda Monday, April 12, 2010 4:29 PM Finance & Tax Council
Now in Finance & Tax Council Friday, April 09, 2010 12:37 PM Finance & Tax Council
Referred to Finance & Tax Council Friday, April 09, 2010 12:37 PM Finance & Tax Council
1st Reading Thursday, April 08, 2010 11:59 PM
Filed Thursday, April 08, 2010 10:55 AM Economic Development & Community Affairs Policy Council

Statutes Referenced by this Bill

288.9627
288.9622
288.9628
288.9623
288.9621
213.053
 

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