Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. SB 1070
       
       
       
       
       
       
                                Ì738088RÎ738088                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/11/2019           .                                
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       The Committee on Banking and Insurance (Perry) recommended the
       following:
       
    1         Senate Amendment to Amendment (436274) (with directory and
    2  title amendments)
    3  
    4         Between lines 1682 and 1683
    5  insert:
    6         (11) Notwithstanding subsection (6), if the market value of
    7  the minimum liquid reserve is less than the required minimum
    8  amount at the end of any fiscal quarter, the provider must fund
    9  the shortfall within 10 business days.
   10  
   11  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   12  And the directory clause is amended as follows:
   13         Delete line 1574
   14  and insert:
   15  subsections (7) through (11) are added to that section, to read:
   16  
   17  ================= T I T L E  A M E N D M E N T ================
   18  And the title is amended as follows:
   19         Between lines 2514 and 2515
   20  insert:
   21         requiring providers to fund shortfalls in minimum
   22         liquid reserves under certain circumstances within a
   23         certain timeframe;