Florida Senate - 2024                             CS for SB 1466
       
       
        
       By the Committee on Banking and Insurance; and Senator Grall
       
       
       
       
       
       597-02589-24                                          20241466c1
    1                        A bill to be entitled                      
    2         An act relating to residential tenancies; amending s.
    3         83.43, F.S.; defining the term “Florida financial
    4         institution” for purposes of part II of ch. 83, F.S.;
    5         amending ss. 83.491 and 553.895, F.S.; conforming
    6         cross-references to changes made by the act; providing
    7         an effective date.
    8          
    9  Be It Enacted by the Legislature of the State of Florida:
   10  
   11         Section 1. Present subsections (7) through (17) of section
   12  83.43, Florida Statutes, are redesignated as subsections (8)
   13  through (18), respectively, and a new subsection (7) is added to
   14  that section, to read:
   15         83.43 Definitions.—As used in this part, the following
   16  words and terms shall have the following meanings unless some
   17  other meaning is plainly indicated:
   18         (7) “Florida financial institution” means a bank, credit
   19  union, trust company, savings bank, or savings or thrift
   20  association doing business under the authority of a charter
   21  issued by the United States, this state, or any other state
   22  which is authorized to transact business in this state and whose
   23  deposits or share accounts are insured by the Federal Deposit
   24  Insurance Corporation or the National Credit Union Share
   25  Insurance Fund.
   26         Section 2. Subsection (6) of section 83.491, Florida
   27  Statutes, is amended to read:
   28         83.491 Fee in lieu of security deposit.—
   29         (6) A fee collected under this section, or an insurance
   30  product or a surety bond accepted, by a landlord in lieu of a
   31  security deposit is not a security deposit as defined in s.
   32  83.43(13) s. 83.43(12).
   33         Section 3. Subsection (1) of section 553.895, Florida
   34  Statutes, is amended to read:
   35         553.895 Firesafety.—
   36         (1) Any transient public lodging establishment, as defined
   37  in chapter 509 and used primarily for transient occupancy as
   38  defined in s. 83.43(18) s. 83.43(17), or any timeshare unit of a
   39  timeshare plan as defined in chapters 718 and 721, which is of
   40  three stories or more and for which the construction contract
   41  has been let after September 30, 1983, with interior corridors
   42  which do not have direct access from the guest area to exterior
   43  means of egress and on buildings over 75 feet in height that
   44  have direct access from the guest area to exterior means of
   45  egress and for which the construction contract has been let
   46  after September 30, 1983, shall be equipped with an automatic
   47  sprinkler system installed in compliance with the provisions
   48  prescribed in the National Fire Protection Association
   49  publication NFPA No. 13 (1985), “Standards for the Installation
   50  of Sprinkler Systems.” Each guest room and each timeshare unit
   51  shall be equipped with an approved listed single-station smoke
   52  detector meeting the minimum requirements of NFPA 74 (1984)
   53  “Standards for the Installation, Maintenance and Use of
   54  Household Fire Warning Equipment,” powered from the building
   55  electrical service, notwithstanding the number of stories in the
   56  structure, if the contract for construction is let after
   57  September 30, 1983. Single-station smoke detectors shall not be
   58  required when guest rooms or timeshare units contain smoke
   59  detectors connected to a central alarm system which also alarms
   60  locally.
   61         Section 4. This act shall take effect July 1, 2024.