House Community Budget Issue Requests - Tracking Id #1121

PROVISO-Revise Loan Repayment-Gulf County School District

 

 

 

 

 

 

 

 

 

 

Requester:

Gulf County School Board Gulf County

Organization:

Gulf County School

 

 

 

 

 

 

 

 

 

 

Project Title:

PROVISO-Revise Loan Repayment-Gulf County School District

Date Submitted:

01/25/2000 2:19:11 PM

 

 

 

 

 

 

 

 

 

 

District Member:

Bev Kilmer

Service Area:

County

 

 

 

 

 

 

 

 

 

 

Counties Affected:

Gulf

 

 

 

 

 

 

 

 

 

 

Recipient:

Gulf County School District

Contact:

Jerry Kelley

 

150 Middle School Road

Contact Phone:

(850) 229-8256

 

 

Port St Joe 32456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project Description:

 

 

 

 

 

 

 

This request is for proviso language to revise the repayment schedule outlined in SECTIO"N 35 of the 1999-2000 Appropriations Act to provide that the Gulf County School District shall repay to the state, within 30 days of receipt, without interest, any additional required local effort revenue received by the district as calculated by the Department of Education, utilizing the taxable value for the 1998 tax year.  This request provides that the Gulf County School District repay ONLY THE AMOJNT OF REVENUES RECEIVED IN THE AMOUNT OF THE PROPERTY TAXES LEVIED AGAINST THE 1998 TAX ROLL. This would allow for the School District to be forgiven for the portion of the loan representing declining enrollment for the period.

 

 

 

 

 

 

 

 

 

 

Services Provided/Benefit to State:

 

 

 

 

 

State of Florida will be paid in full for the amount of loans made to Gulf County School District to cover the costs of taxes not received by the District from Florida Coast Mill.  The School District will be repaying the State for tax years 1997 and 1998.

 

 

 

 

 

 

 

 

 

 

Measurable Outcome Anticipated:

 

 

 

 

 

State will be paid in full for loan to Gulf County Schools for purposes of covering revenue shortfall as a result of Florida Coast Mill default on property taxes for tax years 1997 and 1998.

 

 

 

 

 

 

 

 

 

 

Amount requested from the State for this project this year:

$548,644

 

 

 

 

 

 

 

 

 

 

Total cost of the project:

$548,644

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

Request has been made to fund:

Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Is there Local Government or Private match for this request?

 

No

 

 

 

 

 

 

 

 

 

 

 

Was this project previously funded by the State?

 

Yes

 

 

Fiscal Year:

1999-2000

Amount:

$1,977,444

 

 

 

 

 

 

 

 

 

 

 

Is future-year funding likely to be requested?

 

Yes

 

 

Amount:

$1,264,655

 

 

 

 

 

 

Purpose for future year funding:

 

YesContinued negotiations for settlement with defaulting corp.

 

 

Will this be an annual request?

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

Was this project included in an Agency's Budget Request?

 

Unknown

 

Was this project included in the Governor's Recommended Budget?

Unknown

 

 

 

 

 

 

 

 

 

 

 

Is there a documented need for this project?

 

Yes

 

 

Documentation:

Continued effort to protect education system as federal bankruptcy proceedings are resolved.

 

 

 

 

 

 

 

 

 

 

Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?

Yes

 

 

Hearing Body:

Gulf County School Board

 

Meeting Date:

01/11/2000