Florida Senate - 2012 CS for SB 100 By the Committee on Environmental Preservation and Conservation; and Senators Siplin and Lynn 592-03009-12 2012100c1 1 A bill to be entitled 2 An act relating to unclaimed deposits held by 3 utilities; amending s. 717.108, F.S.; requiring that 4 any unclaimed deposits held by a utility be 5 transferred to the Department of Economic Opportunity; 6 requiring that a specified portion of unclaimed 7 deposits be transferred to the Ecosystem Management 8 and Restoration Trust Fund in the Department of 9 Environmental Protection and used to improve the water 10 quality in Silver Springs; requiring that the 11 remaining balance of unclaimed deposits be transferred 12 to the Grants and Donations Trust Fund within the 13 Department of Economic Opportunity and used to assist 14 low-income households in meeting the costs of home 15 heating and cooling bills; providing an effective 16 date. 17 18 Be It Enacted by the Legislature of the State of Florida: 19 20 Section 1. Section 717.108, Florida Statutes, is amended to 21 read: 22 717.108 Deposits held by utilities.— 23 (1) Any deposit, including any interest thereon, made by a 24 subscriber with a utility to secure payment or any sum paid in 25 advance for utility services to be furnished, less any lawful 26 charges, that remains unclaimed by the owner for more than 1 27 year after termination of the services for which the deposit or 28 advance payment was made is presumed unclaimed. 29 (2) The unclaimed utility deposits and funds presumed 30 unclaimed shall be transferred to the Department of Economic 31 Opportunity. 32 Section 2. (1) The sum of $500,000 from the unclaimed 33 utility deposits and funds presumed unclaimed pursuant to s. 34 717.108, Florida Statutes, shall be transferred from the 35 Department of Economic Opportunity to the Ecosystem Management 36 and Restoration Trust Fund of the Department of Environmental 37 Protection and shall be used for the purpose of improving water 38 quality in Silver Springs. These funds shall be directed to the 39 implementation of remediation actions that have the effect of 40 reducing nitrate loads to the spring. The department shall 41 coordinate with Marion County in identifying and selecting which 42 project has the greatest benefit based on estimated nitrate 43 reductions and consistency with the long-term plans of Marion 44 County. 45 (2) The remaining balance of the unclaimed deposits and 46 funds presumed unclaimed in the Department of Economic 47 Opportunity shall be transferred to the Grants and Donations 48 Trust Fund within the department and used to supplement the Low 49 Income Home Energy Assistance Program for the purpose of 50 assisting low-income households in meeting the costs of home 51 heating and cooling bills. These funds shall be administered 52 through the same local provider agencies that presently 53 administer the Low-Income Home Energy Assistance Program. 54 Section 3. This act shall take effect July 1, 2012.