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FL H0879

FL H0879
Organization of the Department of Financial Services


summary

Introduced
12/02/2015
In Committee
12/18/2015
Crossed Over
Passed
Dead
03/11/2016

Introduced Session

2016 Regular Session

Bill Summary

Authorizes CFO, rather than Division of Accounting & Auditing, to audit & adjust accounts of officers & those indebted to state; revises divisions & location of bureaus within & divisions; amends provisions relating to transfer of certain functions to Division of Investigative & Forensic Services; amends provisions relating to renaming of the Bureau of Unclaimed Property.

AI Summary

This bill makes several changes to the organization and functions of the Department of Financial Services, primarily by transferring the authority to audit and adjust accounts of state officers and those indebted to the state from the Division of Accounting & Auditing to the Chief Financial Officer (CFO), and by renaming the Bureau of Unclaimed Property to the Division of Unclaimed Property. It also renames the Division of Insurance Fraud to the Division of Investigative and Forensic Services, and shifts various bureaus and offices within the department to align with these changes, including establishing the Division of Investigative and Forensic Services as a criminal justice agency with specific bureaus for forensic services, fire and arson investigations, and fiscal integrity. Additionally, the bill clarifies the confidentiality of financial investigation information, revises provisions related to consumer services, and amends several statutes concerning insurance fraud, workers' compensation, and explosives investigations to reflect the new division names and responsibilities.

Committee Categories

Budget and Finance, Business and Industry, Government Affairs

Sponsors (1)

Other Sponsors (2)

Government Operations Appropriations Subcommittee (House), Insurance and Banking Subcommittee (House)

Last Action

Laid on Table, companion bill(s) passed, see SB 908 (Ch. 2016-165), CS/CS/CS/HB 651 (Ch. 2016-132) (on 03/07/2016)

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