HB 1257 (2006) -  Protect Our Homes Loss Mitigation Fund

by Taylor, P. (CO-SPONSORS) Bendross-Mindingall; Bucher; Cusack; Gannon; Henriquez; Joyner; Machek; Meadows; Sands; Smith; Vana
Creates the Protect Our Homes Loss Mitigation Fund in the Office of Insurance Regulation of the Financial Services Commission; provides a purpose; provides for administration of the fund by a board; requires the board to establish guidelines for use of appropriated funds; provides requirements of the board in providing financial incentives for residential hurricane damage prevention activities; provides for an interest-free loan program; provides program criteria and requirements; creates the Protect Our Homes Mitigation Board to administer the fund; provides for appointment of members; requires members to serve without compensation; provides for per diem and travel expenses; provides for retention of funds in the fund from year to year; provides for future review and termination of the fund; provides an appropriation.
Effective Date: on the same date House Bill 1209 or similar legislation takes effect, if such legislation is adopted in the same legislative session or an extension thereof and becomes a law.
Last Event: Died in Insurance Committee on Friday, May 5, 2006 11:59 PM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance Committee Time: 05/05/2006 - 11:59 PM Member: Committee: Insurance Committee Version:
Event: H 1st Reading Time: 03/07/2006 - 11:59 PM Member: Committee: Version: __
Event: H Now in Insurance Committee Time: 03/07/2006 - 4:33 PM Member: Committee: Insurance Committee Version: __
Event: H Referred to Commerce Council Time: 03/07/2006 - 4:33 PM Member: Committee: Commerce Council Version: __
Event: H Referred to Fiscal Council Time: 03/07/2006 - 4:33 PM Member: Committee: Fiscal Council Version: __
Event: H Referred to Insurance Committee Time: 03/07/2006 - 4:33 PM Member: Committee: Insurance Committee Version: __
Event: H Filed Time: 02/22/2006 - 4:39 PM Member: Taylor, P. Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
215.558 HB 7225