Florida Senate - 2021                        COMMITTEE AMENDMENT
       Bill No. SB 378
       
       
       
       
       
       
                                Ì619058AÎ619058                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/17/2021           .                                
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       The Committee on Governmental Oversight and Accountability
       (Bradley) recommended the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 155 - 171
    4  and insert:
    5         (5)(a) Any payment due under the provisions of subsection
    6  (4), excluding any amounts withheld pursuant to subsection (7),
    7  shall bear interest at the rate specified in s. 55.03 plus an
    8  additional 12 percent per annum computed beginning on the 14th
    9  day after payment is due pursuant to subsection (4).
   10         (6)(a) The right to receive interest on a payment under
   11  this section is not an exclusive remedy. This section does not
   12  modify the remedies available to any person under the terms of a
   13  contract or under any other statute. This section does not
   14  modify the rights of any person to recover prejudgment interest
   15  awarded to the prevailing party in any civil action or
   16  arbitration case. During the period that interest accrues under
   17  this section, the interest rate shall be the rate specified in
   18  s. 55.03 plus an additional 12 percent per annum or the rate
   19  specified in the contract, whichever is greater. A person shall
   20  not be entitled to receive both the contract interest and the
   21  statutory interest specified in this section.