Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. SB 880
                        Barcode 101126
                            CHAMBER ACTION
              Senate                               House
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 1           Comm: 01/FAV          .                    
       04/18/2006 04:33 PM         .                    
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11  The Committee on Ethics and Elections (Sebesta) recommended
12  the following amendment to amendment (110406):
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14         Senate Amendment (with title amendment) 
15         On page 10, between lines 21 and 22,
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17  insert:  
18         Section 5.  (1)  A member of the Cabinet shall, during
19  his or her term of office, place all his or her personal
20  investments in a publicly traded mutual fund or a blind trust
21  at a financial institution. If such member acquires a
22  financial interest that is prohibited by s. 112.313, Florida
23  Statutes, during his or her term of office due to events or
24  actions beyond his or her control, he or she shall immediately
25  sell such financial interest or place it in a blind trust at a
26  financial institution.
27         (2)  A member of the Cabinet may not:
28         (a)  Attempt to influence or exercise any control over
29  decisions regarding the management of assets in a blind trust
30  that is created pursuant to subsection (1).
31         (b)  Engage, directly or indirectly, in an activity
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    Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. SB 880
                        Barcode 101126
 1  involving any financial interest of that member which violates
 2  s. 112.313, Florida Statutes.
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 4  (Redesignate subsequent sections.)
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 8  And the title is amended as follows:
 9         On page 11, line 29, after the semicolon,
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11  insert:
12         providing for the management of certain
13         financial interests by a member of the Cabinet;
14         providing for certain provisions in the Code of
15         Ethics to apply to the management of such
16         financial interests;
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