Amendment
Bill No. HB 5043
Amendment No. 347991
CHAMBER ACTION
Senate House
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1The Conference Committee on HB 5043 offered the following:
2
3     Conference Committee Amendment (with title amendment)
4     Remove everything after the enacting clause and insert:
5     Section 1.  Section 17.0315, Florida Statutes, is created
6to read:
7     17.0315  Financial and cash management system; task
8force.--
9     (1)  The Chief Financial Officer, as the constitutional
10officer responsible for settling and approving accounts against
11the state and keeping all state funds pursuant to s. 4, Art. IV
12of the State Constitution, shall be the head of and appoint
13members to a task force established to develop a strategic
14business plan for a successor financial and cash management
15system. The task force shall include the executive director of
16the Agency for Enterprise Information Technology and the
17director of the Office of Policy and Budget in the Executive
18Office of the Governor. Any member of the task force may appoint
19a designee.
20     (2)  The strategic business plan for a successor financial
21and cash management system must:
22     (a)  Permit proper disbursement and auditing controls
23consistent with the respective constitutional duties of the
24Chief Financial Officer and the Legislature;
25     (b)  Promote transparency in the accounting of public
26funds;
27     (c)  Provide timely and accurate recording of financial
28transactions by agencies and their professional staffs;
29     (d)  Support executive reporting and data analysis
30requirements;
31     (e)  Be capable of interfacing with other systems providing
32human resource services, procuring goods and services, and
33providing other enterprise functions;
34     (f)  Be capable of interfacing with the existing
35legislative appropriations, planning, and budgeting systems;
36     (g)  Be coordinated with the information technology
37strategy development efforts of the Agency for Enterprise
38Information Technology;
39     (h)  Be coordinated with the revenue estimating conference
40process as supported by the Office of Economic and Demographic
41Research; and
42     (i)  Address other such issues as the Chief Financial
43Officer identifies.
44     (3)  State agency administrative services directors,
45finance and accounting officers, and budget directors within all
46branches of state government shall fully cooperate with the task
47force in its development of the strategic plan. The task force
48shall submit to the Governor, the President of the Senate, and
49the Speaker of the House of Representatives a strategic business
50plan that includes, but is not limited to:
51     (a)  Identifying problems and opportunities imposed by
52current law and the current administration with respect to
53existing state accounting and cash management systems;
54     (b)  Providing developmental solutions to known failures,
55including, but not limited to, those identified by external
56review and audit reports;
57     (c)  Recommending business processes, requirements, and
58governance structure to support a standardized statewide
59accounting and cash management system;
60     (d)  Evaluating alternative funding approaches to equitably
61distribute common accounting infrastructure costs across all
62participating users; and
63     (e)  Providing an enterprise-wide work product that can be
64used as the basis for a revised competitive procurement process
65for the implementation of a successor system.
66
67The Chief Financial Officer shall submit the initial report,
68along with draft legislation recommended to implement a
69standardized statewide financial and cash management system, by
70February 1, 2009.
71     Section 2.  Subsection (6) is added to section 20.121,
72Florida Statutes, to read:
73     20.121  Department of Financial Services.--There is created
74a Department of Financial Services.
75     (6)  STRATEGIC MARKETS RESEARCH AND ASSESSMENT UNIT.--The
76Strategic Markets Research and Assessment Unit is established
77within the Department of Financial Services. The Chief Financial
78Officer or his or her designee shall report on September 1,
792008, and quarterly thereafter, to the Cabinet, the President of
80the Senate, and the Speaker of the House of Representatives on
81the status of the state's financial services markets. At a
82minimum, the report must include a summary of issues, trends,
83and threats that broadly impact the condition of the financial
84services industries, along with the effect of such conditions on
85financial institutions, the securities industries, other
86financial entities, and the credit market. The Chief Financial
87Officer shall also provide findings and recommendations
88regarding regulatory and policy changes to the Cabinet, the
89President of the Senate, and the Speaker of the House of
90Representatives.
91     Section 3.  Section 517.315, Florida Statutes, is amended
92to read:
93     517.315  Fees.--All fees of any nature collected by the
94office pursuant to this chapter shall be disbursed as follows:
95     (1)  The office shall transfer the amount of fees required
96to be deposited into the Securities Guaranty Fund pursuant to s.
97517.131;
98     (2)  After the transfer required in subsection (1), the
99office shall transfer $20 of the $50 assessment fee collected
100from each associated person under s. 517.12(10) and (11) and
10130.44 percent of the $100 assessment fee paid by dealers and
102investment advisors for each office in the state under s.
103517.12(10) and (11) to the Regulatory Trust Fund; and
104     (3)  All remaining fees shall be deposited into the General
105Revenue Fund.
106     Section 4.  Subsection (5) of section 626.932, Florida
107Statutes, is amended to read:
108     626.932  Surplus lines tax.--
109     (5)  The department shall deposit 15.74 24.3 percent of all
110taxes collected under this section to the credit of the
111Insurance Regulatory Trust Fund. Eighty-four and twenty-six
112hundredths Seventy-five and seven-tenths percent of all taxes
113collected under this section shall be deposited into the General
114Revenue Fund.
115     Section 5.  Subsection (7) of section 626.938, Florida
116Statutes, is amended to read:
117     626.938  Report and tax of independently procured
118coverages.--
119     (7)  The department shall deposit 15.74 24.3 percent of all
120taxes and interest collected under this section to the credit of
121the Insurance Regulatory Trust Fund. Eighty-four and twenty-six
122hundredths Seventy-five and seven-tenths percent of all taxes
123and interest collected under this section shall be deposited
124into the General Revenue Fund.
125     Section 6.  This act shall take effect July 1, 2008.
126
127
128
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129
T I T L E  A M E N D M E N T
130     Remove the entire title and insert:
131
A bill to be entitled
132An act relating to financial services; creating s.
13317.0315, F.S.; establishing a task force to develop a
134business plan for a successor financial and cash
135management system; requiring the Chief Financial Officer
136to appoint members to and head the task force; requiring
137that the directors of the Agency for Enterprise
138Information Technology and the Office of Policy and Budget
139in the Executive Office of the Governor participate as
140members of the task force; specifying requirements for a
141strategic business plan; requiring that administrative
142services directors, finance and accounting officers, and
143budget directors of all branches of state government
144cooperate with the task force; requiring the task force to
145submit the business plan to the Governor and the
146Legislature; requiring that certain information be
147included in the plan; requiring the Chief Financial
148Officer to submit an initial report and recommended
149legislation by a specified date; amending s. 20.121, F.S.;
150establishing the Strategic Markets Research and Assessment
151Unit within the Department of Financial Services;
152requiring that the unit periodically report to the Cabinet
153and the Legislature; specifying the information be
154included in the report; requiring that the Chief Financial
155Officer submit to the Cabinet and the Legislature findings
156and recommendations concerning regulatory and policy
157changes; amending s. 517.315, F.S.; requiring the Office
158of Financial Regulation of the Financial Services
159Commission to transfer the entire registration assessment
160fee paid by associated persons and a certain percentage of
161the assessment fee paid by dealers and investment advisors
162to the Regulatory Trust Fund; amending ss. 626.932 and
163626.938, F.S.; revising the required percentages of funds
164collected pursuant to certain taxes on surplus lines
165premiums and related interest which are deposited into the
166Insurance Regulatory Trust Fund and the General Revenue
167Fund; providing an effective date.


CODING: Words stricken are deletions; words underlined are additions.