HB 943 (2011) -  Capital Formation for Infrastructure Projects

General Bill by Eisnaugle (CO-SPONSORS) Ahern
Capital Formation for Infrastructure Projects: Creates Florida Infrastructure Fund Partnership; 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 from pledging credit or taxing power of state; prohibits investments with certain companies; creates Florida Infrastructure Investment Trust; provides for trust's issuance of certificates to investment partners; specifies that certificates guarantee availability of tax credits; authorizes trust to charge fees; limits amount of tax credits that may be claimed or applied against state taxes in any year; provides for redemption of certificates or sale of tax credits; 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; provides for transferability of certificates & tax credits; 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 disclose certain information to partnership & trust relative to certain tax credits.
Effective Date: July 1, 2011
Last Event: 05/07/11 S Died in Messages on Saturday, May 7, 2011 3:35 AM
Date Available for Final Passage: Tuesday, May 03, 2011 6:49 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 976 Subject: Capital Formation for Infrastructure Projects Relationship: Similar
Bill #: SB 252 Subject: Florida Infrastructure Fund Partnership Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Affairs Committee 4/1/2011 11:33:56 AM
Chamber: House Committee: Economic Affairs Committee 3/29/2011 5:47:51 PM
Chamber: House Committee: Finance & Tax Committee 3/24/2011 9:21:34 PM
Chamber: House Committee: Finance & Tax Committee 3/22/2011 5:07:34 PM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/15/2011 3:55:08 PM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/11/2011 3:52:59 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/29/2011 06:53 PM   Yeas: 97 Nays: 16 Action: Passage Action 2: Vote Detail: Vote [Seq# 422] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Messages Time: 05/07/2011 - 3:35 AM Member: Committee: Version: e1
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: e1
Event: S In Messages Time: 04/29/2011 - 8:58 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 04/29/2011 - 8:55 PM Member: Committee: Version: e1
Event: H Passed as amended; YEAS 97, NAYS 16 Time: 04/29/2011 - 6:53 PM Member: Committee: Version: __
Event: H Passage on third reading Time: 04/29/2011 - 6:53 PM Member: Committee: Version: __
Event: H Read 3rd time Time: 04/29/2011 - 6:49 PM Member: Committee: Version: __
Event: H Amendment 278133 adopted Time: 04/29/2011 - 6:49 PM Member: Committee: Version: __
Event: H Read 2nd time Time: 04/29/2011 - 6:46 PM Member: Committee: Version: __
Event: H Amendment 278133 filed Time: 04/28/2011 - 11:05 AM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (4/29/2011) Time: 04/27/2011 - 8:20 PM Member: Committee: Version: __
Event: H Added to Second Reading Calendar Time: 04/01/2011 - 11:34 AM Member: Committee: Version: __
Event: H Bill released to House Calendar Time: 04/01/2011 - 11:34 AM Member: Committee: Version: __
Event: H Reported out of Economic Affairs Committee Time: 04/01/2011 - 11:34 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Favorable by Economic Affairs Committee Time: 03/31/2011 - 2:45 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Added to Economic Affairs Committee agenda Time: 03/29/2011 - 4:04 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Now in Economic Affairs Committee Time: 03/24/2011 - 9:22 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Reported out of Finance & Tax Committee Time: 03/24/2011 - 9:22 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Favorable by Finance & Tax Committee Time: 03/24/2011 - 2:30 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Added to Finance & Tax Committee agenda Time: 03/22/2011 - 4:20 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Now in Finance & Tax Committee Time: 03/15/2011 - 3:56 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Reported out of Economic Development & Tourism Subcommittee Time: 03/15/2011 - 3:56 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Favorable by Economic Development & Tourism Subcommittee Time: 03/15/2011 - 2:30 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Added to Economic Development & Tourism Subcommittee agenda Time: 03/11/2011 - 4:29 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 03/03/2011 - 9:51 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/03/2011 - 9:51 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/03/2011 - 9:51 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 03/03/2011 - 9:51 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 02/23/2011 - 8:35 AM Member: Eisnaugle Committee: Version: __