HOUSE AMENDMENT

                                         Bill No. CS/CS/CS/HB 3075

    Amendment No. 03 (for drafter's use only)

                            CHAMBER ACTION
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 5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Gay offered the following:

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13         Amendment 

14         On page 122, line 23 through page 123, line 7

15  remove from the bill:  all of said lines

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17  and insert in lieu thereof:

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19  The premium tax provided by this chapter shall in all cases be

20  used in its entirety to fund pension benefits, including extra

21  benefits, for police officers or for police officers and

22  firefighters, where included.  For the purposes of this

23  chapter, the term "extra benefits" means benefits in addition

24  to or greater than those required of chapter plans as of

25  January 1, 1997.  However, local law plans in effect on

26  October 1, 1998, shall be required to comply with the minimum

27  benefit provisions of this chapter only to the extent that

28  additional premium tax revenues become available to

29  incrementally fund the cost of such compliance as provided in

30  s. 185.16(2).  For the purposes of this section, "additional

31  premium tax revenues" means premium tax revenue received by a

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    File original & 9 copies    04/13/98
    hgr0003                     06:44 pm         03075-0074-635979




                                                   HOUSE AMENDMENT

                                         Bill No. CS/CS/CS/HB 3075

    Amendment No. 03 (for drafter's use only)





 1  municipality pursuant to s. 185.10 that exceed that amount

 2  received for calendar year 1997, less the amount committed to

 3  fund current pension benefits.  Local law plans created by

 4  special act before May 23, 1939, shall be deemed to comply

 5  with this chapter.

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    File original & 9 copies    04/13/98
    hgr0003                     06:44 pm         03075-0074-635979