Amendment
Bill No. CS/CS/CS/SB 408
Amendment No. 031575
CHAMBER ACTION
Senate House
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1Representative Wood offered the following:
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3     Amendment to Amendment (399507) (with title amendment)
4     Between lines 2178 and 2179, insert:
5     21.  As a condition for making payment for damage caused by
6the peril of sinkhole, regardless of whether such payment is
7made pursuant to the contract, mediation, neutral evaluation,
8appraisal, arbitration, settlement, or litigation, the payment
9must be dedicated entirely to the costs of repairing the
10structure or remediation of the land. Unless this condition is
11met, the corporation is prohibited from making payment.
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T I T L E  A M E N D M E N T
16     Remove line 3635 and insert:
17surcharges to cover corporate deficits; providing that the
18corporation must require repair of the property as a condition
19of any payment; prohibiting board


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