Bill Text: FL S1110 | 2016 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Central Florida Expressway Authority
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2016-04-06 - Chapter No. 2016-193 [S1110 Detail]
Download: Florida-2016-S1110-Introduced.html
Bill Title: Central Florida Expressway Authority
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2016-04-06 - Chapter No. 2016-193 [S1110 Detail]
Download: Florida-2016-S1110-Introduced.html
Florida Senate - 2016 SB 1110 By Senator Simmons 10-00410-16 20161110__ 1 A bill to be entitled 2 An act relating to the Central Florida Expressway 3 Authority; amending s. 348.753, F.S.; requiring the 4 chairs of the boards of specified county commissions 5 each to appoint one member from his or her respective 6 county who is a commission member or chair or the 7 county mayor to serve on the governing body of the 8 authority; requiring Senate confirmation of members 9 appointed to the authority by the Governor; providing 10 that the Senate’s refusal or failure to confirm a 11 member appointed by the Governor creates a vacancy; 12 specifying that the terms of members appointed by the 13 Governor end on a specified date; removing the 14 requirement that the authority elect one of its 15 members as secretary; amending s. 348.754, F.S.; 16 specifying that the Central Florida Expressway 17 Authority is a party to a certain lease-purchase 18 agreement between the Department of Transportation and 19 the Orlando-Orange County Expressway Authority; 20 amending s. 348.757, F.S.; removing the requirement 21 that title in fee simple absolute to the former 22 Orlando-Orange County Expressway System be transferred 23 to the state upon the completion of the faithful 24 performance and termination of a specified lease 25 purchase agreement; providing an effective date. 26 27 Be It Enacted by the Legislature of the State of Florida: 28 29 Section 1. Subsection (3) and paragraph (a) of subsection 30 (4) of section 348.753, Florida Statutes, are amended to read: 31 348.753 Central Florida Expressway Authority.— 32 (3) The governing body of the authority shall consist of 33 nine members. The chairs of the boards of the county commissions 34 of Seminole, Lake, and Osceola Counties shall each appoint one 35 member from his or her respective county, who mustmaybe a 36 commission member or chair or the county mayor. The Mayor of 37 Orange County shall appoint a member from the Orange County 38 Commission. Subject to confirmation by the Senate during the 39 next regular session of the Legislature, the Governor shall 40 appoint three citizen members, each of whom must be a resident 41citizenof either Orange County, Seminole County, Lake County, 42 or Osceola County. Refusal or failure of the Senate to confirm 43 an appointment shall create a vacancy. Theeighth member mustbe44theMayor of Orange County and. The ninth member must bethe 45 Mayor of the City of Orlando shall also serve as members. The 46 executive director of the Florida Turnpike Enterprise shall 47 serve as a nonvoting advisor to the governing body of the 48 authority. Each member appointed by the Governor shall serve for 49 4 years, with his or her term ending on December 31 of his or 50 her last year of service. Each county-appointed member shall 51 serve for 2 years.The terms of standing board members expire52June 20, 2014.Each appointed member shall hold office until his 53 or her successor has been appointed and has qualified. A vacancy 54 occurring during a term must be filled only for the balance of 55 the unexpired term. Each appointed member of the authority must 56shallbe a person of outstanding reputation for integrity, 57 responsibility, and business ability, but, except as provided in 58 this subsection, a person who is an officer or employee of a 59 municipality or county may not be an appointed member of the 60 authority. Any member of the authority is eligible for 61 reappointment. 62 (4)(a) The authority shall elect one of its members as the 63 chair of the authority,. The authority shall also electone of 64 its members as vice chair,one of its members as secretary,and 65 one of its members as treasurer. The chair, vice chair, 66secretary,and treasurer shall hold such offices at the will of 67 the authority. Five members of the authority constitute a 68 quorum, and the vote of five members is requirednecessaryfor 69 any action taken by the authority. A vacancy in the authority 70 does not impair the right of a quorum of the authority to 71 exercise all of the rights and perform all of the duties of the 72 authority. 73 Section 2. Paragraph (e) of subsection (2) of section 74 348.754, Florida Statutes, is amended to read: 75 348.754 Purposes and powers.— 76 (2) The authority may exercise all powers necessary, 77 appurtenant, convenient, or incidental to the implementation of 78 the stated purposes, including, but not limited to, the 79 following rights and powers: 80 (e) To enter into and make lease-purchase agreements with 81 the department for terms not exceeding 99 years, or until any 82 bonds secured by a pledge of rentals pursuant to the agreement, 83 and any refundings pursuant to the agreement, are fully paid as 84 to both principal and interest, whichever is longer. The 85 authority is a party to a lease-purchase agreement between the 86 department and the Orlando-Orange County Expressway Authority 87 dated December 23, 1985, as supplemented by a first supplement 88 to the lease-purchase agreement dated November 25, 1986, and a 89 second supplement to the lease-purchase agreement dated October 90 27, 1988. The authority may not enter into other lease-purchase 91 agreements with the department and may not amend the existing 92 agreement in a manner that expands or increases the department’s 93 obligations unless the department determines that the agreement 94 or amendment is necessary to permit the refunding of bonds 95 issued before July 1, 2013. 96 Section 3. Subsection (2) of section 348.757, Florida 97 Statutes, is amended to read: 98 348.757 Lease-purchase agreement.— 99 (2) The lease-purchase agreement must provide for the 100 leasing of the former Orlando-Orange County Expressway System, 101 by the authority, as lessor, to the department, as lessee, and 102 must prescribe the term of such lease and the rentals to be 103 paid, and must provide that upon the completion of the faithful104performance and the termination of the lease-purchase agreement,105title in fee simple absolute to the former Orlando-Orange County106Expressway System as then constituted shall be transferred in107accordance with law by the authority, to the state and the108authority shall deliver to the department such deeds and109conveyances as shall be necessary or convenient to vest title in110fee simple absolute in the state. 111 Section 4. This act shall take effect July 1, 2016.