SENATE AMENDMENT

    Bill No. CS for SB 10

    Amendment No. 1

                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Fiscal Resource recommended the following

12  amendment:

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14         Senate Amendment 

15         On page 4, lines 4 - 18, delete those lines

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17  insert:  $1,276,650.93, and

18         WHEREAS, the Legislature has generally favored

19  structured payments and guaranteed term annuities in large

20  claims and in claims on behalf of those who have suffered

21  serious or permanent injuries that are likely to require

22  substantial or long term medical care, NOW, THEREFORE,

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24  Be It Enacted by the Legislature of the State of Florida:

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26         Section 1.  The facts stated in the preamble to this

27  act are found and declared to be true.

28         Section 2.  The sum of $8,473,349.07 is appropriated

29  out of the funds in the State Treasury to the credit of the

30  Department of Highway Safety and Motor Vehicles to be paid to

31  Elizabeth Schnell as relief for her losses. After the payment

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 10

    Amendment No. 1





 1  of fees and costs, medical bills and other immediate needs,

 2  the remaining proceeds shall be used to purchase an

 3  appropriate structured financial plan to ensure the continued

 4  medical care of Mrs. Schnell. In the event of Mrs. Schnell's

 5  death within twenty years of the date of the enactment of this

 6  bill, the residual monies in the structured financial plan

 7  shall revert to the General Revenue Fund of the State of

 8  Florida. If Mrs. Schnell's death occurs after twenty years of

 9  the date of the enactment of this bill, then the residual

10  monies in the structured financial plan shall inure to the

11  benefit of Mrs. Schnell's estate. In the event Mrs. Schnell

12  dies prior to twenty years from the date of the enactment of

13  this bill, then her estate shall be entitled to two additional

14  years of payments pursuant to the structured financial plan.

15         Section 3.  The sum of $1,276,650.93 is appropriated

16  out of the State Treasury to the credit of the Department of

17  Highway Safety and Motor Vehicles to be paid to Frederick

18  Schnell as relief for his losses.

19         Section 4.  The Comptroller is directed to draw a

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21  (Redesignate subsequent sections.)

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    11:05 AM   02/10/00                                s0010.fr.01