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The Committee on Finance and Tax (Storms) recommended the

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following amendment:

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     Senate Amendment (with title amendment)

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     Between lines 41 and 42

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insert:

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     Section 3.  Subsection (4) is added to section 197.542,

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Florida Statutes, to read:

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     197.542  Sale at public auction.--

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     (4) Any clerk who conducts electronic foreclosure sales

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pursuant to s. 43.031(10) may also conduct an electronic tax deed

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sale in lieu of public outcry. The clerk must comply with the

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procedures provided in this chapter, except that electronic proxy

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bidding shall be allowed and the clerk may require bidders to

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advance sufficient funds to pay the deposit required by

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subsection (2). The clerk shall provide access to the electronic

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sale by computer terminals open to the public at a designated

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location. A clerk who conducts such electronic sales may receive

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electronic deposits and payments related to the sale. The portion

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of an advance deposit from a winning bidder required by s.

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197.542(4) shall, upon acceptance of the winning bid, be subject

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to the fee under s. 28.24(10).

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

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And the title is amended as follows:

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     On line 11, after the semicolon,

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insert:

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amending s. 197.542, F.S.; providing for electronic tax

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deed sales; requiring clerks to provide public access

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terminals for electronic sales; authorizing clerks to

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receive electronic payments and deposits related to

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electronic sales;

3/26/2008  12:04:00 PM     10-05814-08