summary
Introduced
02/01/2024
02/01/2024
In Committee
02/12/2024
02/12/2024
Crossed Over
02/08/2024
02/08/2024
Passed
Dead
03/08/2024
03/08/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
An act relating to correctional facilities capital improvement; creating s. 944.751, F.S.; providing legislative intent; requiring the deposit of appropriated funds and any net proceeds from the sale of bonds issued under the act into the Correctional Facilities Capital Improvement Trust Fund; requiring that such funds be used for specified purposes; requiring the Department of Corrections to include recommendations for the use of such funds in its annual legislative budget requests; requiring the department to contract with a construction management entity for projects exceeding a certain dollar amount; authorizing the Division of Bond Finance of the State Board of Administration to issue bonds for specified purposes; prohibiting the issuance of such bonds unless certain conditions are met, with an exception; creating a financing oversight committee consisting of specified persons for a specified purpose; requiring that the committee make a certain recommendation; providing a contingent effective date.
AI Summary
This bill creates the Correctional Facilities Capital Improvement Trust Fund and authorizes the issuance of bonds to finance the construction of new correctional facilities and the maintenance and repair of existing facilities. The bill requires annual appropriations of $100 million from the General Revenue Fund to the trust fund, as well as the deposit of proceeds from any bond sales. The funds must be used first for debt service payments on the bonds and then for the Department of Corrections' critical facility needs. The Department is required to include recommendations for the use of the funds in its annual budget request, and must contract with a construction management entity for any project over $5 million. The bill also creates a financing oversight committee to ensure efficient and responsible use of the funds.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations (Senate)
Last Action
Died in Conference Committee (on 03/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/2512 |
| https://www.flsenate.gov/Session/Bill/2024/2512/Amendment/496779/PDF | |
| BillText | https://www.flsenate.gov/Session/Bill/2024/2512/BillText/Filed/HTML |
| Analysis - Appropriations (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/2512/Analyses/2024s02512.ap.PDF |
| Analysis - Appropriations (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/2512/Analyses/2024s02512.pre.ap.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2024/2512/BillText/pb/HTML |
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