Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 416
       
       
       
       
       
       
                                Ì952730ÄÎ952730                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/13/2014           .                                
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       recommended the following:
       
    1         Senate Substitute for Amendment (146858) 
    2  
    3         Delete lines 225 - 233
    4  and insert:
    5         7. Once a sinkhole property damage claim has been settled,
    6  or a court judgment or order for damages obtained, the property
    7  owner must use the proceeds from such settlement or court
    8  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. To facilitate
   11  timely repairs and remediation, the corporation shall disburse
   12  claim settlement proceeds and court-ordered judgments made
   13  payable to the property owner, and if there is a mortgage
   14  balance, to both the property owner and financial lender as co
   15  payees.