Florida HB 5501: Higher Education

Bill Text

HB 5501 2026

CODING: Words stricken are deletions; words underlined are additions.
hb5501-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

A bill to be entitled 1
An act relating to documentary stamp tax 2
distributions; amending s. 201.15, F.S.; revising 3
distribution of documentary stamp tax proceeds; 4
amending s. 343.58, F.S.; prohibiting the transfer of 5
specified funds to the South Florida Regional 6
Transportation Authority; providing an effective date. 7
8
Be It Enacted by the Legislature of the State of Florida: 9
10
Section 1. Paragraph (a) of subsection (4) of section 11
201.15, Florida Statutes, is amended to read: 12
201.15 Distribution of taxes collected.—All taxes 13
collected under this chapter are hereby pledged and shall be 14
first made available to make payments when due on bonds issued 15
pursuant to s. 215.618 or s. 215.619, or any other bonds 16
authorized to be issued on a parity basis with such bonds. Such 17
pledge and availability for the payment of these bonds shall 18
have priority over any requirement for the payment of service 19
charges or costs of collection and enforcement under this 20
section. All taxes collected under this chapter, except taxes 21
distributed to the Land Acquisition Trust Fund pursuant to 22
subsections (1) and (2), are subject to the service charge 23
imposed in s. 215.20(1). Before distribution pursuant to this 24
section, the Department of Revenue shall deduct amounts 25

HB 5501 2026

CODING: Words stricken are deletions; words underlined are additions.
hb5501-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

necessary to pay the costs of the collection and enforcement of 26
the tax levied by this chapter. The costs and service charge may 27
not be levied against any portion of taxes pledged to debt 28
service on bonds to the extent that the costs and service charge 29
are required to pay any amounts relating to the bonds. All of 30
the costs of the collection and enforcement of the tax levied by 31
this chapter and service charge shall be available and 32
transferred to the extent necessary to pay debt service and any 33
other amounts payable with respect to bonds authorized before 34
January 1, 2017, secured by revenues distributed pursuant to 35
this section. All taxes remaining after deduction of costs shall 36
be distributed as follows: 37
(4) After the required distributions to the Land 38
Acquisition Trust Fund pursuant to subsections (1) and (2) and 39
deduction of the service charge imposed pursuant to s. 40
215.20(1), the remainder shall be distributed as follows: 41
(a) The lesser of 20.5453 percent of the remainder or 42
$420.08 $360.08 million in each fiscal year shall be paid into 43
the State Treasury to the credit of the State Transportation 44
Trust Fund. Notwithstanding any other law, the amount credited 45
to the State Transportation Trust Fund shall be used for: 46
1. The Small County Outreach Program specified in s. 47
339.2818, in the amount of 11 13 percent of the funds; 48
2. The Strategic Intermodal System specified in ss. 49
339.61, 339.62, 339.63, and 339.64, in the amount of 67 78 50

HB 5501 2026

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hb5501-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

percent of the funds; and 51
3. The Transportation Regional Incentive Program specified 52
in s. 339.2819, in the amount of 8 9 percent of the funds; and 53
4. The Florida Rail Enterprise for the purpose established 54
in s. 341.303, in the amount of 14 percent of the funds. 55
Section 2. Subsection (4) of section 343.58, Florida 56
Statutes, is amended to read: 57
343.58 County funding for the South Florida Regional 58
Transportation Authority.— 59
(4) Notwithstanding any other provision of law to the 60
contrary and effective July 1, 2010, until as provided in 61
paragraph (d) (c), the department shall transfer annually from 62
the State Transportation Trust Fund to the South Florida 63
Regional Transportation Authority the amounts specified in 64
subparagraph (a)1. or subparagraph (a)2. 65
(a)1. If the authority becomes responsible for maintaining 66
and dispatching the South Florida Rail Corridor: 67
a. $15 million from the State Transportation Trust Fund to 68
the South Florida Regional Transportation Authority for 69
operations, maintenance, and dispatch; and 70
b. An amount no less than the work program commitments 71
equal to $27.1 million for fiscal year 2010-2011, as of July 1, 72
2009, for operating assistance to the authority and corridor 73
track maintenance and contract maintenance for the South Florida 74
Rail Corridor. 75

HB 5501 2026

CODING: Words stricken are deletions; words underlined are additions.
hb5501-00
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2. If the authority does not become responsible for 76
maintaining and dispatching the South Florida Rail Corridor: 77
a. $13.3 mil