HB 1491 (2012) -  Capital Formation for Infrastructure Projects

General Bill by Eisnaugle
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, 2012
Last Event: 03/09/12 S Died in Commerce and Tourism on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

House Referrals

Senate Referrals

  • Commerce and Tourism
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: SB 1472 Subject: Capital Formation for Infrastructure Projects Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Affairs Committee 2/9/2012 10:41:35 AM
Chamber: House Committee: Economic Affairs Committee 2/6/2012 6:15:40 PM
Chamber: House Committee: Finance & Tax Committee 2/2/2012 9:38:51 AM
Chamber: House Committee: Finance & Tax Committee 1/31/2012 11:30:59 AM
Chamber: House Committee: Business & Consumer Affairs Subcommittee 1/24/2012 12:09:35 PM
Chamber: House Committee: Business & Consumer Affairs Subcommittee 1/20/2012 4:32:03 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 02/23/2012 02:39 PM   Yeas: 97 Nays: 15 Action: Passage Action 2: Vote Detail: Vote [Seq# 873] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism Time: 03/09/2012 - 11:59 PM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Budget -SJ 831 Time: 03/05/2012 - 7:12 PM Member: Committee: Version: __
Event: S Received -SJ 831 Time: 03/05/2012 - 7:10 PM Member: Committee: Version: __
Event: S In Messages Time: 02/24/2012 - 4:40 PM Member: Committee: Version: __
Event: H Message sent to senate Time: 02/24/2012 - 3:52 PM Member: Committee: Version: __
Event: H Passed; YEAS 97, NAYS 15 Time: 02/23/2012 - 2:39 PM Member: Committee: Version: __
Event: H Passage on third reading Time: 02/23/2012 - 2:39 PM Member: Committee: Version: __
Event: H Read 3rd time Time: 02/23/2012 - 2:39 PM Member: Committee: Version: __
Event: H Added to Third Reading Calendar Time: 02/22/2012 - 5:17 PM Member: Committee: Version: __
Event: H Placed on 3rd reading Time: 02/22/2012 - 4:10 PM Member: Committee: Version: __
Event: H Read 2nd time Time: 02/22/2012 - 4:08 PM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (2/22/2012) Time: 02/20/2012 - 6:40 PM Member: Committee: Version: __
Event: H Added to Second Reading Calendar Time: 02/09/2012 - 10:42 AM Member: Committee: Version: __
Event: H Bill released to House Calendar Time: 02/09/2012 - 10:42 AM Member: Committee: Version: __
Event: H Reported out of Economic Affairs Committee Time: 02/09/2012 - 10:42 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Favorable by Economic Affairs Committee Time: 02/08/2012 - 10:30 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Added to Economic Affairs Committee agenda Time: 02/06/2012 - 4:26 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Now in Economic Affairs Committee Time: 02/02/2012 - 9:38 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Reported out of Finance & Tax Committee Time: 02/02/2012 - 9:38 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Favorable by Finance & Tax Committee Time: 02/01/2012 - 5:00 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Added to Finance & Tax Committee agenda Time: 01/30/2012 - 4:23 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Now in Finance & Tax Committee Time: 01/24/2012 - 12:06 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Reported out of Business & Consumer Affairs Subcommittee Time: 01/24/2012 - 12:06 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Favorable by Business & Consumer Affairs Subcommittee Time: 01/24/2012 - 10:30 AM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Added to Business & Consumer Affairs Subcommittee agenda Time: 01/20/2012 - 4:15 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H 1st Reading Time: 01/12/2012 - 6:51 PM Member: Committee: Version: __
Event: H Now in Business & Consumer Affairs Subcommittee Time: 01/12/2012 - 3:12 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 01/12/2012 - 3:12 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 01/12/2012 - 3:12 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Business & Consumer Affairs Subcommittee Time: 01/12/2012 - 3:12 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Filed Time: 01/12/2012 - 10:04 AM Member: Eisnaugle Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
213.053 HB 103*, SB 170, SB 236, CS/CS/HB 749*, CS/CS/CS/SB 888*, CS/SB 1204, CS/CS/SB 1416, SB 1472, CS/HB 7027*, CS/HB 7041*, CS/CS/HB 7117*
288.9621 SB 1472
288.9622 SB 1472
288.9623 SB 1472
288.9627 SB 798, SB 1472, HB 7103*
288.9628 SB 1472

(*) Not the latest version