| 1 | Representative Taylor offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (641111) (with title |
| 4 | amendment) |
| 5 | Between lines 1098 and 1099, insert: |
| 6 | Section 20. Section 624.46227, Florida Statutes, is |
| 7 | created to read: |
| 8 | 624.46227 Public housing authorities; insurance covering |
| 9 | the peril of wind.-- |
| 10 | (1) Property insurance, including coverage for the peril |
| 11 | of wind, shall be obtained and maintained on any affordable |
| 12 | housing that is: |
| 13 | (a) Owned or operated by a public housing authority as |
| 14 | defined in chapter 421; and |
| 15 | (b) Located in areas eligible for coverage in the Florida |
| 16 | Windstorm Underwriting Association, as those areas were defined |
| 17 | on January 1, 2002, or located in the area within Port |
| 18 | Canaveral, which is bordered on the south by the City of Cape |
| 19 | Canaveral, bordered on the west by the Banana River, and |
| 20 | bordered on the north by Federal Government property. |
| 21 | (2) Coverage for the peril of wind, as required by this |
| 22 | section, must be based on a minimum of a 1-in-250-year storm |
| 23 | model approved by the Florida Commission on Hurricane Loss |
| 24 | Projection Methodology. |
| 25 |
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| 26 | ----------------------------------------------------- |
| 27 | T I T L E A M E N D M E N T |
| 28 | Remove line 86 and insert: |
| 29 | F.S.; conforming cross-references; creating s. 624.46227, F.S.; |
| 30 | requiring certain public housing authorities to obtain and |
| 31 | maintain property insurance, including coverage for the peril of |
| 32 | wind, for affordable housing owned or operated in certain areas |
| 33 | by the public housing authority; providing requirements for |
| 34 | coverage for the peril of wind; amending s. 1001.43, |