Florida Senate - 2025                        COMMITTEE AMENDMENT
       Bill No. SB 592
       
       
       
       
       
       
                                Ì179466QÎ179466                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/03/2025           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Banking and Insurance (Leek) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 150 and 151
    4  insert:
    5         (h) Grant funds may be awarded only for each mitigation
    6  improvement that, when applied to the structure or building,
    7  will result in a mitigation credit, discount, or other rate
    8  differential. If necessary for the building or structure to
    9  qualify for a mitigation credit, discount, or other rate
   10  differential, the department must require that improvements be
   11  made to all openings, including exterior doors, garage doors,
   12  windows, and skylights, as a condition of reimbursing a
   13  condominium association approved for a grant.
   14  
   15  ================= T I T L E  A M E N D M E N T ================
   16  And the title is amended as follows:
   17         Delete line 10
   18  and insert:
   19         may be used; specifying that mitigation grants may be
   20         awarded only for mitigation improvements that will
   21         result in a mitigation credit, discount, or other rate
   22         differential; requiring the Department of Financial
   23         Services to require that certain improvements be made
   24         under certain circumstances; providing an effective
   25         date.