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FL H5015

FL H5015
Evaluation of Significant State Risks


summary

Introduced
02/10/2022
In Committee
02/17/2022
Crossed Over
03/02/2022
Passed
Dead
03/14/2022

Introduced Session

Potential new amendment
2022 Regular Session

Bill Summary

An act relating to the evaluation of significant state risks; creating s. 11.9006, F.S.; creating the Legislative Office of Risk Assessment; providing that the office shall be headed by a chief risk officer; providing powers and duties of the office; requiring the office to develop and update a State Risk Register; providing requirements for the State Risk Register; requiring the office to provide a certain process and analytical tools to the Legislature; requiring the office to develop a decision support process to compare the cost-effectiveness of certain interventions; requiring the office to biennially submit the register and a certain list to the Legislative Budget Commission; requiring the office to submit an annual progress report to the Legislature; providing specifications for the annual progress report; amending s. 216.136, F.S.; establishing a Risk Estimating Conference; requiring the conference to estimate the economic damage associated with the risks identified in the State Risk Register and the potential reduction associated with intervention strategies; providing an effective date.

AI Summary

This bill creates the Legislative Office of Risk Assessment, which will be responsible for identifying significant risks to the state, developing and updating a State Risk Register, identifying potential cost-effective interventions to mitigate those risks, estimating the economic damage associated with the risks, and estimating the anticipated reduction in economic damage from the potential interventions. The office will provide the Legislature with a process and analytical tools to consider and manage these risks comprehensively over a 10-year and 30-year timeframe. The bill also establishes a Risk Estimating Conference to develop estimates of the economic damage associated with the risks identified in the State Risk Register and the reduction in potential economic damage from interventions to mitigate those risks.

Committee Categories

Budget and Finance

Sponsors (1)

Other Sponsors (1)

Appropriations Committee (H)

Last Action

Died in Conference Committee (on 03/14/2022)

bill text


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