Florida Senate - 2009                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1950
       
       
       
       
       
       
                                Barcode 850916                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                                       .                                
                                       .                                
                                       .                                
                Floor: 5/AD/2R         .                                
             04/27/2009 04:24 PM       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       Senators Richter and Deutch moved the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 1917 - 1928
    4  and insert:
    5         changes and surcharges.
    6         7. The corporation may also implement an increase to
    7  reflect the effect on the corporation of the cash buildup factor
    8  pursuant to s. 215.555(5)(b).
    9         8. The corporation’s implementation of rates as prescribed
   10  in subparagraph 6. shall cease upon the corporation’s
   11  implementation of actuarially sound rates.
   12         9. Beginning January 1, 2010, and each quarter thereafter,
   13  the corporation shall transfer an amount equal to 10 percent of
   14  the funds projected to be collected from the rate increase
   15  prescribed by subparagraph 6. to the General Revenue Fund. The
   16  corporation shall cease such transfers upon the implementation
   17  of actuarially sound rates or the existence of a deficit in any
   18  account as described in subparagraph (b)3.