Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 416
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: RS            .                                
                  03/13/2014           .                                

       recommended the following:
    1         Senate Amendment (with directory and title amendments)
    3         Delete lines 52 - 287
    4  and insert:
    5         (ff) Once a sinkhole property damage claim has been
    6  settled, or a court judgment or order for damages obtained, the
    7  property owner must use the proceeds from such settlement or
    8  court decision to repair and remediate the property within a
    9  reasonable period of time. Property owners must provide notice
   10  within 45 days after completion of the repairs.
   11         (gg) To facilitate timely repairs and remediation, the
   12  corporation shall disburse claim settlement proceeds and court
   13  ordered judgments made payable to the property owner, and if
   14  there is a mortgage balance, to both the property owner and
   15  financial lender as co-payees.
   17  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   18  And the directory clause is amended as follows:
   19         Delete lines 28 - 32
   20  and insert:
   22         ================= T I T L E  A M E N D M E N T ================And the title is amended as follows:Delete lines 6 - 23and insert:and declined; requiring a property owner to use the proceeds from a sinkhole property damage claim within a reasonable period of time; requiring the corporation to disburse claim settlement proceeds and court-ordered judgments to the property owner and to the financial lender if there is a mortgage balance; providing an effective