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The Committee on Environmental Preservation and Conservation

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(Gaetz) recommended the following amendment to amendment

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(223658):

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     Senate Amendment (with title amendment)

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     Between lines 2152 and 2153

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insert:

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     Section 40. The Department of Environmental Protection,

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when submitting proposed rules adopted pursuant to s. 403.44,

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Florida Statutes, the Climate Protection Act, for ratification by

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the Legislature, shall submit a summary report to the Governor,

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the President of the Senate, and the Speaker of the House of

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Representatives. The report must describe the costs and benefits

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of a cap-and-trade system and must include, but need not be

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limited to:

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     (1) The impact of a cap-and-trade system on electricity

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prices charged to consumers.

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     (2) The overall cost of a cap-and-trade system to the

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economy of this state.

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     (3) The effect of a cap-and-trade system on low-income

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consumers if the system results in an increase of energy prices

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on low-income consumers.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line 2392, after the semicolon,

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insert:

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requiring the Department of Environmental Protection to

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prepare a report relating to the costs and benefits of

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implementing a cap-and-trade system to trade emission

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credits; requiring the department to present the report to

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the Governor, the President of the Senate, and the Speaker

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of the House of Representatives; describing certain

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specified issues to be included in the report;

3/19/2008  7:51:00 AM     4-05272-08