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A bill to be entitled

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An act relating to financial assistance for contaminated

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petroleum storage sites; amending s. 376.30715, F.S.;

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providing for financial assistance in certain additional

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circumstances involving a transfer of the contaminated

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property; providing an effective date.  

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Be It Enacted by the Legislature of the State of Florida:

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     Section 1.  Section 376.30715, Florida Statutes, is amended

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to read:

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     376.30715  Innocent victim petroleum storage system

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restoration.--A contaminated site acquired by the current owner

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prior to July 1, 1990, which has ceased operating as a petroleum

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storage or retail business prior to January 1, 1985, is eligible

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for financial assistance pursuant to s. 376.305(6),

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notwithstanding s. 376.305(6)(a). For purposes of this section,

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the term "acquired" means the acquistion of title to the

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property; however, a subsequent transfer of the property to a

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spouse, a surviving spouse in trust or free of trust, or a

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revocable trust created for the benefit of the settlor does not

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disqualify the site from financial assistance pursuant to s.

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376.3071(5). Eligible sites shall be ranked in accordance with s.

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376.3071(5).

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     Section 2.  This act shall take effect July 1, 2008.