Florida Senate - 2014                          SENATOR AMENDMENT
       Bill No. CS/CS/HB 565, 1st Eng.
       
       
       
       
       
       
                                Ì756450!Î756450                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/2R          .                                
             05/01/2014 10:35 AM       .                                
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       Senator Hays moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 251 and 252
    4  insert:
    5         Section 2. Paragraph (b) of subsection (1) of section
    6  624.4625, Florida Statutes, is amended to read:
    7         624.4625 Corporation not for profit self-insurance funds.—
    8         (1) Notwithstanding any other provision of law, any two or
    9  more corporations not for profit located in and organized under
   10  the laws of this state may form a self-insurance fund for the
   11  purpose of pooling and spreading liabilities of its group
   12  members in any one or combination of property or casualty risk,
   13  provided the corporation not for profit self-insurance fund that
   14  is created:
   15         (b) Requires for qualification that each participating
   16  member receive at least 75 percent of its revenues from local,
   17  state, or federal governmental sources or a combination of such
   18  sources, or qualify as a publicly supported organization under
   19  s. 501(c)(3) or s. 4947(a)(1) of the United States Internal
   20  Revenue Code which normally receives a substantial part of its
   21  support from a governmental unit or from the general public as
   22  evidenced on the organization’s most recently filed Internal
   23  Revenue Service Form 990 or 990-EZ, Schedule A.
   24  
   25  ================= T I T L E  A M E N D M E N T ================
   26  And the title is amended as follows:
   27         Delete line 5
   28  and insert:
   29         insurance; amending s. 624.4625, F.S.; revising
   30         requirements for corporations not for profit to
   31         qualify to form a self-insurance fund; amending s.
   32         624.501, F.S.; revising