SENATE AMENDMENT

    Bill No. CS for SB 426

    Amendment No. ___   Barcode 443112

                            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.

25         (b)  A municipality that receives an insurance premium

26  tax distribution in excess of 200 percent of the tax

27  distribution that such municipality received for the calendar

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

29  such portion of its insurance premium tax distribution which

30  exceeds 200 percent of the calendar year 1998 distribution,

31  provided such municipality has met all the minimum pension

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 426

    Amendment No. ___   Barcode 443112





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

  2  paragraph is effective only for calendar year 2004 and expires

  3  on January 1, 2005.

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

  5  2005, and each calendar year thereafter, each municipality

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

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

  8  Florida, must expend its total annual distribution of such

  9  insurance premium tax to provide additional or extra benefits

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

11  benefits" means benefits that are greater than those provided

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

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

14  to a municipality that uses its insurance premium tax

15  distribution for supplemental benefits. Furthermore, the

16  Municipal Police and Firefighters Trust Fund Office shall

17  determine the appropriate distribution and shall notify the

18  respective municipality.

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23  And the title is amended as follows:

24         On page 1, line 20, after the semicolon

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26  insert:

27         providing for distribution of funds collected

28         under this section, notwithstanding the

29         creation of an electronic database;

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