Florida Senate - 2020                                     SB 280
       
       
        
       By Senator Rodriguez
       
       
       
       
       
       37-00486A-20                                           2020280__
    1                        A bill to be entitled                      
    2         An act relating to climate fiscal responsibility;
    3         creating s. 216.139, F.S.; requiring the Economic
    4         Estimating Conference to annually prepare a climate
    5         fiscal responsibility report and provide a copy of the
    6         report to the Governor and the Legislature; requiring
    7         the Office of Economic and Demographic Research to
    8         publish the report on its website; specifying
    9         requirements for the report; requiring the conference
   10         to coordinate with and obtain data from certain
   11         entities in preparing the report; providing an
   12         effective date.
   13          
   14  Be It Enacted by the Legislature of the State of Florida:
   15  
   16         Section 1. Section 216.139, Florida Statutes, is created to
   17  read:
   18         216.139 Economic Estimating Conference; annual climate
   19  fiscal responsibility report.—
   20         (1) By January 1, 2021, and January 1 of each year
   21  thereafter, the Economic Estimating Conference shall prepare a
   22  climate fiscal responsibility report and provide a copy of the
   23  report to the Governor, the President of the Senate, and the
   24  Speaker of the House of Representatives, and the Office of
   25  Economic and Demographic Research shall publish the report on
   26  its website. The report must contain all of the following:
   27         (a) An analysis of the estimated impact of climate change
   28  on the state’s general obligation credit rating, debt capacity,
   29  and tax base associated with:
   30         1. The increased frequency and intensity of natural
   31  disasters such as wildfires, hurricanes, and droughts over the
   32  next 10 fiscal years; and
   33         2. Long-term trends, including sea level rise and changes
   34  in global temperature.
   35         (b) Recommendations for immediate action and action to be
   36  taken over the next 5 years, 10 years, and 20 years,
   37  respectively.
   38         (2) In preparing the report, the Economic Estimating
   39  Conference shall coordinate with and obtain data from the
   40  Division of Bond Finance, the Florida Hurricane Catastrophe Fund
   41  Advisory Council, the Florida Commission on Hurricane Loss
   42  Projection Methodology, the Office of Economic and Demographic
   43  Research, and the Department of Revenue and other state
   44  agencies.
   45         Section 2. This act shall take effect July 1, 2020.