Committee/Subcommittee Amendment No. 1 to PCS for CS/HB 939 (2024)
Summary
Committee/subcommittee amendment, Amendment No. 1 (with title amendment), offered by Representative Griffitts at the Commerce Committee hearing on PCS for CS/HB 939 (2024). The inserted text lists grounds including failing to cooperate in an investigation and failing to timely file a termination-of-access report with the office. Section 3 amends section 280.054, Florida Statutes, administrative penalty in lieu of suspension or disqualification, under which the Chief Financial Officer may penalize a qualified public depository up to $1,000 for each knowing and willful violation of a lawful order or rule. Each day a violation continues is a separate violation, and failing to timely file an attestation is deemed knowing and willful.
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“Committee/Subcommittee Amendment No. 1 to PCS for CS/HB 939 (2024).”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-3220-commerce-committee-proposed-committee-bill-amendments-fn-pcs-58b1c79164/
, SHA-256 4f6c3e1ab213985932470e15ae5dabbaeb2c8b52e9aca5f802a60f5b8964c5c4.Full text
COMMITTEE/SUBCOMMITTEE AMENDMENT
Bill No. PCS for CS/HB 939 (2024)
Amendment No. 1
COMMITTEE/SUBCOMMITTEE ACTION
ADOPTED (Y/N)
ADOPTED AS AMENDED (Y/N)
ADOPTED W/O OBJECTION (Y/N)
FAILED TO ADOPT (Y/N)
WITHDRAWN (Y/N)
OTHER
1 Committee/Subcommittee hearing bill: Commerce Committee
2 Representative Griffitts offered the following:
3
4 Amendment (with title amendment)
5 Remove lines 149-176 and insert:
6 restricting access to a customer's or member's account, or
7 failed to cooperate in an investigation conducted pursuant to s.
8 655.49(3), including, without limitation, failing to timely file
9 a termination-of-access report with the office.
10 Section 3. Paragraph (b) of subsection (1) of section
11 280.054, Florida Statutes, is amended to read:
12 280.054 Administrative penalty in lieu of suspension or
13 disqualification.—
14 (1) If the Chief Financial Officer finds that one or more
15 grounds exist for the suspension or disqualification of a
16 qualified public depository, the Chief Financial Officer may, in
PCS for CSHB 939 a1
Published On: 2/21/2024 9:50:07 PM
Page 1 of 2
COMMITTEE/SUBCOMMITTEE AMENDMENT
Bill No. PCS for CS/HB 939 (2024)
Amendment No. 1
17 lieu of suspension or disqualification, impose an administrative
18 penalty upon the qualified public depository.
19 (b) With respect to any knowing and willful violation of a
20 lawful order or rule, the Chief Financial Officer may impose a
21 penalty upon the qualified public depository in an amount not
22 exceeding $1,000 for each violation. If restitution is due, the
23 qualified public depository shall make restitution upon the
24 order of the Chief Financial Officer and shall pay interest on
25 such amount at the legal rate. Each day a violation continues
26 constitutes a separate violation. Each of the following Failure
27 to timely file the attestation required under s. 280. 025 is
28 deemed a knowing and willful violation by the qualified public
29 depository:
30 1. Failure to timely file the attestation required under
31 s. 280.025.
32 2. Bad faith termination, suspension, or similar action
33 restricting access to a customer's or member's account, as
34
35 -----------------------------------------------------
36 T I T L E A M E N D M E N T
37 Remove lines 48-56 and insert:
38 considered to have occurred on a specified date; creating s.
39 655.49, F.S.; authorizing the
PCS for CSHB 939 a1
Published On: 2/21/2024 9:50:07 PM
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