Florida Senate - 2004                      COMMITTEE AMENDMENT
    Bill No. SB 10-A
                        Barcode 200612
                            CHAMBER ACTION
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       12/14/2004 01:54 PM         .                    
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11  The Committee on Banking and Insurance (Alexander) recommended
12  the following amendment:
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14         Senate Amendment (with title amendment) 
15         On page 8, line 3, through
16            page 10, line 3, delete those lines
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18  and insert:  
19         Section 1.  (1)  There is appropriated for the period
20  from the effective date of this act through September 30,
21  2005, $100 million on a nonrecurring basis from the General
22  Revenue Fund to the Department of Financial Services in the
23  special appropriation category "Hurricane Multiple Deductible
24  Reimbursements" for reimbursement to residential property
25  insurance policyholders for the expense of multiple hurricane
26  deductibles, as provided in sections 1 and 2 of this act.
27  These funds shall be subject to the release provisions of
28  chapter 216, Florida Statutes. The Chief Financial Officer
29  shall periodically certify to the Executive Office of the
30  Governor a release request based on the documented expenditure
31  need for reimbursement payments submitted to the Department of
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    4:50 PM   12/13/04                            s0010Ac-bi17-c3r

Florida Senate - 2004 COMMITTEE AMENDMENT Bill No. SB 10-A Barcode 200612 1 Financial Services. The amount of each release request may not 2 exceed the need documented. The Chief Financial Officer shall 3 provide a copy of each certification to the Executive Office 4 of the Governor and to the chairperson and vice chairperson of 5 the Legislative Budget Commission. The department may not use 6 more than 1 percent of the appropriation to administer the 7 payments to the policyholders. 8 (2) All moneys appropriated from the General Revenue 9 Fund under this act which are unexpended on September 30, 10 2005, shall revert to the General Revenue Fund. 11 (3) Beginning January 15, 2005, and on a monthly basis 12 thereafter, the Chief Financial Officer shall provide a report 13 containing information regarding the reimbursement for 14 multiple hurricane deductibles to the Executive Office of the 15 Governor and the chairperson and vice chairperson of the 16 Legislative Budget Commission. The report must include, but is 17 not limited to, cumulative and monthly information on the 18 number of reimbursement claims submitted, the total amount 19 requested for reimbursement, the number of claims paid, and 20 the amount paid for reimbursement. 21 (4) All appropriations authorized by this act are 22 nonrecurring and are intended to address needs caused by 23 Hurricanes Charley, Frances, Ivan, and Jeanne. 24 25 26 ================ T I T L E A M E N D M E N T =============== 27 And the title is amended as follows: 28 On page 2, lines 11 through 14, delete those lines 29 30 and insert: 31 claim; providing appropriations for 2 4:50 PM 12/13/04 s0010Ac-bi17-c3r
Florida Senate - 2004 COMMITTEE AMENDMENT Bill No. SB 10-A Barcode 200612 1 reimbursement to policyholders; directing the 2 Chief Financial Officer to certify the 3 reimbursement request to designated officials; 4 directing that all moneys not expended by a 5 specified date revert to the General Revenue 6 Fund; requiring a monthly report to the 7 Executive Office of the Governor and the 8 Legislative Budget Commission containing 9 certain information; providing an effective 10 date. 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 3 4:50 PM 12/13/04 s0010Ac-bi17-c3r