HOUSE AMENDMENT

                   Bill No. CS for CS for SB's 662 & 232, 2nd Eng.

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

                            CHAMBER ACTION
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  5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Melvin offered the following:

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13         Amendment 

14         On page 10, line 17, through page 12, line 22,

15  remove:  all of said lines

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17  and insert:

18         (3)  The Division of Financial Institutions and

19  Securities, the Division of Insurance, and the Division of

20  Workers' Compensation shall each be headed by a "director."

21  The directors of these divisions shall act as agency heads for

22  purposes of chapter 120 and shall be responsible for final

23  agency action with regard to the implementation and

24  enforcement of statutes and rules under the regulatory

25  authority delegated to their divisions and rulemaking under s.

26  120.54. The Director of the Division of Financial Institutions

27  and Securities, the Director of the Division of Insurance, and

28  the Director of the Division of Workers' Compensation shall

29  each be appointed by the Governor, in consultation with the

30  Chief Financial Officer. Pursuant to Art. IV, s. (6)(a) of the

31  State Constitution, before entering upon the duties of office,

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    File original & 9 copies    03/20/02
    hbd0001                     10:40 am         00662-0004-204555




                                                   HOUSE AMENDMENT

                   Bill No. CS for CS for SB's 662 & 232, 2nd Eng.

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





  1  a director must be confirmed by all three members of the

  2  Cabinet. At any time after a director enters upon the duties

  3  of office, if the Governor or any member of the Cabinet so

  4  requests, in writing, for any reason, the Governor shall call

  5  for a vote, within 30 days, on whether the subject director

  6  will continue in office. If a director fails to obtain the

  7  affirmative vote of a majority of the Governor and Cabinet,

  8  the subject director is removed from office, the office

  9  becomes vacant on the date specified in the Governor's order,

10  and the Governor shall appoint a replacement director in the

11  manner provided for in this subsection.

12         (a)  Before appointment as director, the Director of

13  the Division of Financial Institutions and Securities must

14  have had private-sector experience working in the field of

15  financial institutions or securities or at least 5 years of

16  experience as a senior employee of a state or federal agency

17  having regulatory responsibility over financial institutions

18  or securities.

19         (b)  Before appointment as director, the Director of

20  the Division of Insurance must have had private-sector

21  experience working in an area that is under the regulatory

22  jurisdiction of the Division of Insurance or at least 5 years'

23  experience as a senior employee of a state or federal agency

24  having regulatory responsibility over an area of the business

25  of insurance.

26         (c)  The Division of Financial Institutions and

27  Securities and the Division of Insurance are administratively

28  housed within the Department of Financial Services. For

29  purposes of budget and personnel matters, each of these

30  divisions shall contract with the department for a sufficient

31  number of attorneys, investigators, other professional

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    File original & 9 copies    03/20/02
    hbd0001                     10:40 am         00662-0004-204555




                                                   HOUSE AMENDMENT

                   Bill No. CS for CS for SB's 662 & 232, 2nd Eng.

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





  1  personnel, and administrative personnel as determined annually

  2  in the appropriations process. The department shall provide

  3  support services to each division pursuant to an agreement

  4  entered into between the Chief Financial Officer and the

  5  respective division director.

  6         (d)  The Division of Financial Investigations shall

  7  function as a criminal justice agency within the meaning of s.

  8  943.045(10)(e).

  9         Section 3.  The Division of Treasury, in addition to

10  other matters that may be assigned to or located within the

11  division, shall administer the Government Employees Deferred

12  Compensation Plan established under section 112.215, Florida

13  Statutes, for state employees.

14         Section 4.  Effective January 7, 2002, the Division of

15  Workers' Compensation of the Department of Labor and

16  Employment Security is transferred by a type two transfer, as

17  defined in s. 20.06(2), Florida Statutes, to the Department of

18  Financial Services.

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    File original & 9 copies    03/20/02
    hbd0001                     10:40 am         00662-0004-204555