CODING: Words stricken are deletions; words underlined are additions.



                                                  SENATE AMENDMENT

    Bill No. CS for SB 426

    Amendment No. ___   Barcode 144956

                            CHAMBER ACTION
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11  Senator Campbell moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 11, between lines 17 and 18,

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16  insert:

17         (6)(a)  Notwithstanding any other provision of law, no

18  methodology, formula, or database that is that is adopted by

19  rule or policy in any year subsequent to the effective date of

20  this act may result in a distribution to a participating

21  municipality that has a retirement plan pursuant to the

22  provisions of chapter 185 an amount of the insurance premium

23  tax which is less that the amount distributed to such

24  municipality in 2002. If the total proceeds to be distributed

25  from the insurance premium tax imposed under s. 185.08 are

26  less than the amount received in the 2002 calendar year, each

27  municipality shall receive an amount proportionate to the

28  amount it received in the 2002 calendar year. This paragraph

29  is repealed on January 1, 2006.

30         (b)  A municipality that receives an insurance premium

31  tax distribution in excess of 200 percent of the tax

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 426

    Amendment No. ___   Barcode 144956





  1  distribution that such municipality received for the calendar

  2  year 1998 is not required to expend for extra pension benefits

  3  such portion of its insurance premium tax distribution which

  4  exceeds 200 percent of the calendar year 1998 distribution,

  5  provided such municipality has met all the minimum pension

  6  benefit requirements of chapter 99-1, Laws of Florida. This

  7  paragraph is effective only for calendar year 2004 and expires

  8  on January 1, 2005.

  9         (c)  The contrary notwithstanding, beginning January 1,

10  2005, and each calendar year thereafter, each municipality

11  that receives the insurance premium tax and has met all the

12  minimum pension benefits required in chapter 99-1, Laws of

13  Florida, must expend its total annual distribution of such

14  insurance premium tax to provide additional or extra benefits

15  for its police officers. The term "extra or additional

16  benefits" means benefits that are greater than those provided

17  to the general employees of March 12, 1999, and thereafter.

18         (d)  The requirements of this subsection do not apply

19  to a municipality that uses its insurance premium tax

20  distribution for supplemental benefits. Furthermore, the

21  Municipal Police and Firefighters Trust Fund Office shall

22  determine the appropriate distribution and shall notify the

23  respective municipality.

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27  ================ T I T L E   A M E N D M E N T ===============

28  And the title is amended as follows:

29         On page 1, line 20, after the semicolon

30

31  insert:

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 426

    Amendment No. ___   Barcode 144956





  1         providing for distribution of funds collected

  2         under this section, notwithstanding the

  3         creation of an electronic database;

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