The bill amends various sections of Florida Statutes to enhance the confidentiality of trade secrets held by public agencies and to eliminate the scheduled repeal of the exemption for such trade secrets under the Open Government Sunset Review Act. Specifically, it removes the provision that would have led to the repeal of the exemption on October 2, 2026, ensuring that trade secrets remain confidential and exempt from public records requirements indefinitely. The bill also streamlines statutory language by deleting references to trade secrets in contexts such as antitrust violations and economic development, while still maintaining the confidentiality of proprietary business information.

Additionally, the bill establishes the Florida Commission on Hurricane Loss Projection Methodology, which will develop guidelines and standards for projecting hurricane losses for use by the State Board of Administration and insurers. The commission will consist of 12 members, including representatives from state agencies and experts in relevant fields. It includes provisions to protect the confidentiality of trade secrets related to hurricane and flood loss models, ensuring sensitive information shared with the commission remains secure. The bill clarifies that the commission's processes and guidelines do not constitute final agency action, thereby exempting them from certain administrative procedures, ultimately aiming to improve the reliability of hurricane loss projections and the management of the Florida Hurricane Catastrophe Fund.

Statutes affected:
S 7026 Filed: 119.0715, 287.137, 334.049, 408.185, 409.91196, 440.108, 497.172, 501.171, 501.1735, 501.2041, 501.722, 520.9965, 548.062, 559.5558, 569.215, 627.0628
S 7026 er: 119.0715, 287.137, 334.049, 408.185, 409.91196, 440.108, 497.172, 501.171, 501.1735, 501.2041, 501.722, 520.9965, 548.062, 559.5558, 569.215, 627.0628