CS/HB 7213 (2010) -  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

PCB committee actions:

  • PCB EDCA 10-02 recommended by:
    Economic Development & Community Affairs Policy Council

Referred Committees and Committee Actions

House Referrals

Related Bills

(No Related Bills On Record)

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Finance & Tax Council 4/15/2010 11:14:57 AM
Chamber: House Committee: Finance & Tax Council 4/13/2010 10:20:22 AM
Chamber: House Committee: Economic Development & Community Affairs Policy Council 4/8/2010 10:37:48 AM
Chamber: House Committee: Economic Development & Community Affairs Policy Council 4/8/2010 10:37:15 AM

Vote History

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

Bill History

Event Time Member Committee Ver.
Event: S Died in Messages Time: 04/30/2010 - 8:47 PM Member: Committee: Version: c1
Event: S In Messages Time: 04/22/2010 - 12:14 PM Member: Committee: Version: c1
Event: H Message sent to senate Time: 04/22/2010 - 12:10 PM Member: Committee: Version: c1
Event: H Passage on third reading Time: 04/22/2010 - 11:21 AM Member: Committee: Version: c1
Event: H CS passed; YEAS 113, NAYS 0 Time: 04/22/2010 - 11:20 AM Member: Committee: Version: c1
Event: H Read 3rd time Time: 04/22/2010 - 11:20 AM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 04/21/2010 - 8:02 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 04/21/2010 - 6:20 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/21/2010) Time: 04/19/2010 - 10:00 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 04/16/2010 - 4:22 PM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 04/16/2010 - 4:22 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 04/15/2010 - 10:14 PM Member: Committee: Version: c1
Event: H CS Filed Time: 04/15/2010 - 11:21 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.20 Time: 04/15/2010 - 11:21 AM Member: Committee: Version: __
Event: H Reported out of Finance & Tax Council Time: 04/15/2010 - 11:12 AM Member: Committee: Finance & Tax Council Version: __
Event: H Favorable with CS by Finance & Tax Council Time: 04/14/2010 - 11:30 AM Member: Committee: Finance & Tax Council Version: __
Event: H Added to Finance & Tax Council agenda Time: 04/12/2010 - 4:29 PM Member: Committee: Finance & Tax Council Version: __
Event: H Now in Finance & Tax Council Time: 04/09/2010 - 12:37 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to Finance & Tax Council Time: 04/09/2010 - 12:37 PM Member: Committee: Finance & Tax Council Version: __
Event: H 1st Reading Time: 04/08/2010 - 11:59 PM Member: Committee: Version: __
Event: H Filed Time: 04/08/2010 - 10:55 AM Member: Committee: Economic Development & Community Affairs Policy Council Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
213.053 HB 133, HB 675, CS/CS/HB 697, CS/HB 1009, CS/CS/HB 1169, CS/CS/SB 1516, CS/HB 5801, HB 7061, CS/HB 7157, HB 7169
288.9621
288.9622
288.9623
288.9627
288.9628