Florida Senate - 2015 SENATOR AMENDMENT Bill No. CS for HB 7109 Ì251712xÎ251712 LEGISLATIVE ACTION Senate . House . . . Floor: 4/R/2R . Floor: SA2/RC 04/29/2015 02:18 PM . 04/28/2015 01:10 PM ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Latvala moved the following: 1 Senate Substitute for Amendment (163040) 2 3 Delete lines 214 - 233 4 and insert: 5 (c) Effective January 1, 2016, a utility may not charge or 6 receive a deposit in excess of the amounts specified in 7 paragraphs 1. and 2. 8 1. For an existing account, the total deposit may not 9 exceed 2 months of average actual charges, calculated by adding 10 the monthly charges from the 12-month period immediately before 11 the date any change in the deposit amount is sought, dividing 12 this total by 12, and multiplying the result by 2. If the 13 account has less than 12 months of actual charges, the deposit 14 shall be calculated by adding the available monthly charges, 15 dividing this total by the number of months available, and 16 multiplying the result by 2. 17 2. For a new service request, the total deposit may not 18 exceed 2 months of projected charges, calculated by adding 12 19 months of projected charges, dividing this total by 12, and 20 multiplying the result by 2. 21 3. For each new service deposit established under paragraph 22 2. on or after January 1, 2017, the amount of the deposit shall 23 be recalculated using actual data when the new customer has had 24 continuous service for a 12-month period. If the recalculated 25 amount exceeds the amount of the deposit that was collected from 26 the customer, the customer shall pay that portion of the 27 difference that may be billed by the utility. If the 28 recalculated amount is less than the amount of the deposit 29 collected from the customer, the utility shall credit the 30 difference to the customer.