| 1 | Representative(s) Richardson offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | On page 28, line 30, |
| 5 | insert: |
| 6 | Section 2. In order to mitigate the impact of rates on |
| 7 | low-income electric ratepayers, each electric utility that |
| 8 | recovers storm recovery costs through storm recovery bonds as |
| 9 | provided in s. 366.8260, Florida Statutes, shall remit to the |
| 10 | Division of Housing Community Development of the Department of |
| 11 | Community Affairs, for the time period the utility is collecting |
| 12 | a storm recovery charge authorized under s. 366.8260, Florida |
| 13 | Statutes, 1 percent of the annual storm recovery charge, as |
| 14 | defined in s. 366.8260, Florida Statutes, collected pursuant to |
| 15 | the terms of the financing order provided for under s. 366.8260, |
| 16 | Florida Statutes. The utility shall remit the funds to the |
| 17 | department on a quarterly basis and the department shall deposit |
| 18 | such funds in the Grants and Donations Trust Fund. The funds |
| 19 | received shall be allocated by the department using the same |
| 20 | funding formula that the department uses to distribute funds |
| 21 | pursuant to the Low Income Home Energy Assistance Program |
| 22 | received from the United States Department of Health and Human |
| 23 | Services pursuant to 42 U.S. C. ss. 8621-8629. The funds shall |
| 24 | be used to mitigate the rate impact to low-income electric |
| 25 | ratepayers who qualify for assistance under the Low Income Home |
| 26 | Energy Assistance Program. |
| 27 |
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| 28 | ================= T I T L E A M E N D M E N T ================= |
| 29 | On page 2, between lines 18 and 19, |
| 30 | insert: |
| 31 | requiring electric utilities to remit a portion of storm |
| 32 | recovery charges to the Department of Community Affairs for |
| 33 | certain purposes; requiring the department to deposit the funds |
| 34 | into the Grants and Donations Trust Fund to be allocated and |
| 35 | used for certain purposes; |