Title: Downtown Development Authority of the City of Fort Lauderdale, Broward County

Summary: Extends the expiration date of the charter.

Full Text:
An act relating to the Downtown Development Authority of the City of Fort Lauderdale, Broward County; amending chapter 2005-346, Laws of Florida; extending the expiration date of the charter; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section of section of chapter 2005-346, Laws of Florida, is amended to read: Section 15. On December 31, 2050 2030, this law shall expire and all assets of the authority shall on or before that date be transferred by the authority to the city. Any assets remaining in the hands of the authority on December 31, 2050 2030, shall automatically devolve upon and becom ethe property of the city. In the event there shall be any indebtedness outstanding against the authority, the city may continue to levy whatever portion shall be necessary of the tax authorized by this law to retire such indebtedness. Section 2. This act shall take effect upon becoming a law.