Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. SB 1262
       
       
       
       
       
       
                                Ì433448<Î433448                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/01/2016           .                                
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       The Committee on Military and Veterans Affairs, Space, and
       Domestic Security (Stargel) recommended the following:
       
    1         Senate Amendment to Amendment (972916) (with title
    2  amendment)
    3  
    4         Between lines 103 and 104
    5  insert:
    6         Section 2. Subsection (2) of section 288.8013, Florida
    7  Statutes, is amended to read:
    8         288.8013 Triumph Gulf Coast, Inc.; Recovery Fund; creation;
    9  investment.—
   10         (2) Triumph Gulf Coast, Inc., must create and administer
   11  the Recovery Fund for the benefit of the disproportionately
   12  affected counties. The principal of the fund shall derive from
   13  75 percent of all funds received by the state pursuant to the
   14  September 2015 settlement agreement between the gulf states and
   15  the BP entities with respect to economic and other claims
   16  arising from the Deepwater Horizon oil spill recovered by the
   17  Attorney General for economic damage to the state resulting from
   18  the Deepwater Horizon disaster, after payment of reasonable and
   19  necessary attorney fees, costs, and expenses, including such
   20  attorney fees, costs, and expenses pursuant to s. 16.0155.
   21  Moneys that account for the principal of the Recovery Fund shall
   22  be transferred to the Recovery Fund no later than 30 days after
   23  they are received.
   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 118
   28  and insert:
   29         period; amending s. 288.8013, F.S.; revising the
   30         source of the principal for the Recovery Fund
   31         administered by Triumph Gulf Coast, Inc.; providing
   32         that moneys accounting for the principal of the
   33         recovery fund must be transferred to the Recovery Fund
   34         within a specified timeframe; providing an effective
   35         date.