This bill amends several sections of the Florida Statutes to enhance the management and reporting of financial operations within the Department of Financial Services. Key changes include the Chief Financial Officer's (CFO) reporting structure, which will now be from the Financial Management Subsystem instead of the Florida Accounting Information Resource Subsystem. The bill also introduces new provisions regarding deferred compensation plans, requiring the CFO to adopt rules that outline the material terms and conditions for benefits under these plans, including options for pretax and after-tax Roth contributions. Additionally, it mandates that state agencies prepare and file financial statements using generally accepted accounting principles and ensures accurate recording of federal funds.

Further amendments address various operational aspects, such as the establishment of the Florida Firefighter Recruitment Bonus Payment Program, which offers a one-time bonus of up to $5,000 for newly employed firefighters. The bill also updates licensing processes for funeral and cemetery services, including disqualification criteria based on criminal history for applicants seeking licensure. Other provisions enhance regulatory oversight in the insurance industry, including changes to the licensing process for insurance agents and the introduction of new record-keeping requirements for insured individuals. Overall, the bill aims to improve transparency, accountability, and efficiency in state financial management and regulatory frameworks.

Statutes affected:
S 1522 Filed: 17.11, 17.13, 110.113, 215.89, 215.985, 216.141, 440.38, 440.107, 497.376, 497.380, 497.386, 497.604, 554.108, 554.114, 554.115, 624.307, 624.317, 626.171, 626.2815, 626.292, 626.731, 626.785, 626.831, 626.8417, 626.8473, 626.9541, 627.70151, 634.3077, 634.406, 648.33, 791.013, 1001.281, 1001.282