| 1 | Representative Jenne offered the following: |
| 2 |
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| 3 | Amendment to Amendment (257873) (with title amendment) |
| 4 | Between lines 864-865, insert: |
| 5 | (12) CONDOMINIUM WEATHERIZATION AND MITIGATION LOAN |
| 6 | PROGRAM.-- |
| 7 | (a) Subject to a specific appropriation by the Legislature |
| 8 | from funds received pursuant to the American Recovery and |
| 9 | Reinvestment Act of 2009, Pub. L. No. 111-5, specifically for |
| 10 | the purpose of condominium weatherization, the department shall |
| 11 | implement a condominium weatherization and mitigation loan |
| 12 | program to assist condominium unit owners in weatherizing their |
| 13 | condominium units and mitigating all such units against wind |
| 14 | damage. The program shall have the following minimum |
| 15 | requirements: |
| 16 | 1. The department shall contract with lenders to offer |
| 17 | weatherization and hurricane mitigation loan subsidies equal to |
| 18 | a competitive rate of interest on a loan balance of up to $5,000 |
| 19 | per condominium unit for 3 years. The interest subsidy may be |
| 20 | paid in advance by the department to a lender participating in |
| 21 | the program. |
| 22 | 2. The loans must be used to purchase or install |
| 23 | weatherization measures and hurricane mitigation measures |
| 24 | identified in paragraph (2)(e) that comply with the requirements |
| 25 | of part A, Title IV of the Energy Conservation and Production |
| 26 | Act, 42 U.S.C. ss. 6861 et seq., as amended by the American |
| 27 | Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, as |
| 28 | determined by the department. |
| 29 | 3. A participating condominium association must agree to |
| 30 | purchase and install weatherization and mitigation measures for |
| 31 | each unit in the condominium that lacks the weatherization and |
| 32 | mitigation measures. |
| 33 | 4. To be eligible, a condominium must have been permitted |
| 34 | for construction on or before March 1, 2002, be located in the |
| 35 | wind-borne debris region. |
| 36 | 5. Condominiums of more than 200 units are not eligible |
| 37 | for the loan program. |
| 38 | 6. The department may contract with third parties for |
| 39 | auditing and related services to ensure accountability and |
| 40 | program quality. |
| 41 | (b) The loan program shall be administered on a first- |
| 42 | come, first-served basis. |
| 43 | (c) The department shall adopt rules pursuant to ss. |
| 44 | 120.536(1) and 120.54 to implement the loan program. |
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| 50 | ----------------------------------------------------- |
| 51 | T I T L E A M E N D M E N T |
| 52 | Remove line 2172 and insert: |
| 53 | Legislative Budget Commission; requiring the Department of |
| 54 | Financial Services to implement a condominium weatherization and |
| 55 | mitigation loan program for certain purposes; specifying program |
| 56 | requirements; specifying an administration requirement for the |
| 57 | program; requiring the department to adopt rules; amending s. |
| 58 | 626.854, F.S.; |
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