HB 1305 2024 CODING: Words stricken are deletions; words underlined are additions. hb1305-00 Page 1 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S A bill to be entitled 1 An act relating to Florida banking institutions; 2 amending s. 83.43, F.S.; defining the term "Florida 3 banking institution"; amending ss. 83.491 and 553.895, 4 F.S.; conforming cross -references; providing an 5 effective date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1. Subsections (7) through (17) of section 83.43, 10 Florida Statutes, are renumbered as subsections (8) through 11 (18), respectively, and a new subsection (7) is added to that 12 section to read: 13 83.43 Definitions.—As used in this part, the following 14 words and terms shall have the following meanings unless some 15 other meaning is plainly indicated: 16 (7) "Florida banking insti tution" means a bank, industrial 17 savings bank, savings and loan association, or trust company 18 organized under the laws of this state, another state, or the 19 United States and doing business in this state. 20 Section 2. Subsection (6) of section 83.491, Flo rida 21 Statutes, is amended to read: 22 83.491 Fee in lieu of security deposit. — 23 (6) A fee collected under this section, or an insurance 24 product or a surety bond accepted, by a landlord in lieu of a 25 HB 1305 2024 CODING: Words stricken are deletions; words underlined are additions. hb1305-00 Page 2 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S security deposit is not a security deposit as defined in s. 26 83.43(13) s. 83.43(12). 27 Section 3. Subsection (1) of section 553.895, Florida 28 Statutes, is amended to read: 29 553.895 Firesafety. — 30 (1) Any transient public lodging establishment, as defined 31 in chapter 509 and used primarily for transient occupancy as 32 defined in s. 83.43(18) s. 83.43(17), or any timeshare unit of a 33 timeshare plan as defined in chapters 718 and 721, which is of 34 three stories or more and for which the construction contract 35 has been let after September 30, 1983, with interior corridors 36 which do not have direct access from the guest area to exterior 37 means of egress and on buildings over 75 feet in height that 38 have direct access from the guest area to exterior means of 39 egress and for which the construction contract has been let 40 after September 30, 1983, shall be equipped with an automatic 41 sprinkler system installed in compliance with the provisions 42 prescribed in the National Fire Protection Association 43 publication NFPA No. 13 (1985), "Standards for the Installation 44 of Sprinkler Systems." Ea ch guest room and each timeshare unit 45 shall be equipped with an approved listed single -station smoke 46 detector meeting the minimum requirements of NFPA 74 (1984) 47 "Standards for the Installation, Maintenance and Use of 48 Household Fire Warning Equipment," powe red from the building 49 electrical service, notwithstanding the number of stories in the 50 HB 1305 2024 CODING: Words stricken are deletions; words underlined are additions. hb1305-00 Page 3 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S structure, if the contract for construction is let after 51 September 30, 1983. Single -station smoke detectors shall not be 52 required when guest rooms or timeshare units con tain smoke 53 detectors connected to a central alarm system which also alarms 54 locally. 55 Section 4. This act shall take effect July 1, 2024. 56