FL H0391

Amends section 215.555 of Florida Statutes to require the State Board of Administration to annually transfer investment income from the Florida Hurricane Catastrophe Fund to the Florida Catastrophic Storm Risk Management Center beginning in fiscal year 2014-2015

Transfer amount equals the lesser of $1 million or 35 percent of the fund's investment income minus $10 million, as determined by the most recent fiscal year-end audited financial statements

Transferred funds must be used solely to support the center's statutory purpose of preparing for, responding to, and recovering from catastrophic storms

Does not limit or supplant any other funding otherwise available to the center

Takes effect July 1, 2014