loading…
loading…
loading…
ENROLLED HB 5001, ENGROSSED 1 2024 LEGISLATURE ______________________________________________________________________________ This section is effective upon becoming a law. The Department of Revenue shall make the transfer provided in this section within 30 days after the settlement agreement is finally approved by such court. SECTION 283. Contingent upon HB 7073 or similar legislation becoming law and final approval of a settlement agreement by a court of competent jurisdiction, the Chief Financial Officer shall transfer $19,465,394 from the interest earnings in the General Revenue Fund associated with the Hillsborough County discretionary sales surtax proceeds to the separate account for Hillsborough County established within the Discretionary Sales Surtax Clearing Trust Fund in the Department of Revenue pursuant to section 155 of chapter 2022-156, Laws of Florida. This section is effective upon becoming a law. The Chief Financial Officer shall make the transfer provided in this section within 30 days after the settlement agreement is finally approved by such court. SECTION 284. Contingent upon HB 7073 or similar legislation becoming law and final approval of a settlement agreement by a court of competent jurisdiction, the nonrecurring sum of $161,911,105 is appropriated in nonoperating budget authority for Fiscal Year 2024-2025 from the funds held in the separate account for Hillsborough County established within the Discretionary Sales Surtax Clearing Trust Fund pursuant to section 155 of chapter 2022-156, Laws of Florida, to the Department of Revenue to implement the temporary suspension of surtaxes authorized in section 212.054(9)(b), Florida Statutes. The department is authorized to request additional nonoperating budget authority through budget amendments in accordance with the provisions of chapter 216, Florida Statutes. This section is effective upon becoming a law. SECTION 285. The nonrecurring sum of $450,000,000 is appropriated from the General Revenue Fund for Fiscal Year 2023-2024 to the Department of Transportation for making reimbursements to the department, the Florida Turnpike Enterprise, and other Florida toll facilities or Florida toll facility entities for account credits issued for promotional purposes as authorized in s. 338.161(1), Florida Statutes, and under the toll relief program. The unexpended balance of funds remaining on June 30, 2024, shall revert and is appropriated to the department for Fiscal Year 2024-2025 for the same purpose. This section is effective upon becoming a law. SECTION 286. Upon notification from the Division of Bond Finance, the Chief Financial Officer shall transfer up to $245,000,000 from the General Revenue Fund to the State Board of Administration in Fiscal Year 2024-2025 for the division to redeem, defease, purchase or otherwise extinguish outstanding state bonds, other than state bonds of the Department of Transportation or the Florida Turnpike Enterprise, and to make any other payments necessary or incidental to the transactions for the purpose of realizing debt service savings and reducing the amount of state debt outstanding. The division shall, as part of its annual debt affordability report prepared pursuant to section 215.98, Florida Statutes, provide a description of the strategies employed to retire outstanding state debt, the amount of state debt retired, and the debt service savings generated. Any unexpended funds shall revert on June 30, 2025. SECTION 287. The Division of Bond Finance is authorized to redeem, defease, purchase, or otherwise extinguish outstanding state bonds of the Department of Transportation for right-of-way or the Florida Turnpike Enterprise, for the purpose of realizing debt service savings and reducing the amount of state debt outstanding. Up to $90,000,000 from the Right-Of-Way Acquisition and Bridge Construction Trust Fund and up to $165,000,000 from the Turnpike General Reserve Trust Fund may be used for these purposes in Fiscal Year 2024-2025. The division shall, as part of its annual debt affordability report prepared pursuant to section 215.98, Florida Statutes, provide a description of the strategies employed to retire outstanding state debt, the amount of state debt retired, and the debt service savings generated. SECTION 288. The Chief Financial Officer shall transfer $76,000,000 from the General Revenue Fund to the Educational Enhancement Trust Fund in the Department of Education for Fiscal Year 2023-2024. This section is effective upon becoming a law. SECTION 289. The Chief Financial Officer shall transfer $500,000,000 from the General Revenue Fund to the Emergency Preparedness and Response Fund for Fiscal Year 2023-2024, as authorized by section 252.3711, Florida Statutes. This section is effective upon becoming a law. SECTION 290. The Chief Financial Officer shall transfer $350,000,000 507