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FL H5015
Bill
Status
Failed
3/14/2022
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
- Creates the Legislative Office of Risk Assessment as a joint legislative unit, headed by a chief risk officer appointed by the Senate President and House Speaker, with authority to hire staff and contract for professional services
- Requires the office to develop and biennially update a State Risk Register identifying the most significant risks to Florida over 10-year and 30-year timeframes, measured by estimated cash damages and peak state GDP decline
- Requires the office to identify potential cost-effective interventions to mitigate registered risks and develop a decision support process to compare the cost-effectiveness of different intervention combinations
- Mandates submission of the initial State Risk Register to the Legislative Budget Commission by July 1, 2023, with biennial updates beginning July 1, 2025, and annual progress reports to legislative leadership beginning July 1, 2024
- Establishes a Risk Estimating Conference under the consensus estimating conference framework (s. 216.136, F.S.) to estimate economic damage from registered risks and the potential damage reduction from proposed interventions
- Effective date: July 1, 2022
Legislative Description
Evaluation of Significant State Risks
Last Action
Died in Conference Committee
3/14/2022
Full Bill Text
No bill text available