FL H1235

Creates the Patient Compensation Trust Fund within the State Treasury to operate the Patient Compensation System and perform functions required under chapter 766.

Fund receives contributions required from healthcare providers pursuant to section 766.408, with year-end balances remaining available for trust fund purposes.

Trust fund is scheduled for termination on July 1, 2016, unless terminated sooner, and must be reviewed according to section 215.3206(1) and (2) before the scheduled termination date.

Directs the Division of Statutory Revision to place the new statute in part IV of chapter 766, Florida Statutes.

Takes effect on the same date as HB 1233 or similar legislation, only if enacted by a three-fifths vote of both legislative houses.