CODING: Words stricken are deletions; words underlined are additions.
SENATE AMENDMENT
Bill No. CS for SB 780
Amendment No.
CHAMBER ACTION
Senate House
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11 Senator Saunders moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 23, between lines 9 and 10,
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17 Section 22. Paragraph (a) of subsection (10) of
18 section 320.27, Florida Statutes, is amended to read:
19 320.27 Motor vehicle dealers.--
20 (10) SURETY BOND OR IRREVOCABLE LETTER OF CREDIT
21 REQUIRED.--
22 (a) Annually, before any license shall be issued to a
23 motor vehicle dealer, the applicant-dealer of new or used
24 motor vehicles shall deliver to the department a good and
25 sufficient surety bond or irrevocable letter of credit,
26 executed by the applicant-dealer as principal, in the sum of
27 $250,000 $25,000.
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29 (Redesignate subsequent sections.)
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SENATE AMENDMENT
Bill No. CS for SB 780
Amendment No.
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2 And the title is amended as follows:
3 On page 2, line 20, after the semicolon
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5 insert:
6 amending s. 320.27, F.S.; increasing amount of
7 surety bond required of motor vehicle dealers;
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