Florida Senate - 2024 SB 1466 By Senator Grall 29-01022-24 20241466__ 1 A bill to be entitled 2 An act relating to residential tenancies; amending s. 3 83.43, F.S.; defining the term Florida banking 4 institution for purposes of part II of ch. 83, F.S.; 5 amending ss. 83.491 and 553.895, F.S.; conforming 6 cross-references to changes made by the act; providing 7 an effective date. 8 9 Be It Enacted by the Legislature of the State of Florida: 10 11 Section 1.Present subsections (7) through (17) of section 12 83.43, Florida Statutes, are redesignated as subsections (8) 13 through (18), respectively, and a new subsection (7) is added to 14 that section, to read: 15 83.43Definitions.As used in this part, the following 16 words and terms shall have the following meanings unless some 17 other meaning is plainly indicated: 18 (7)Florida banking institution means a bank, an 19 industrial savings bank, a savings and loan association, or a 20 trust company organized under the laws of this state, any other 21 state, or by the United States and doing business in this state. 22 Section 2.Subsection (6) of section 83.491, Florida 23 Statutes, is amended to read: 24 83.491Fee in lieu of security deposit. 25 (6)A fee collected under this section, or an insurance 26 product or a surety bond accepted, by a landlord in lieu of a 27 security deposit is not a security deposit as defined in s. 28 83.43(13) s. 83.43(12). 29 Section 3.Subsection (1) of section 553.895, Florida 30 Statutes, is amended to read: 31 553.895Firesafety. 32 (1)Any transient public lodging establishment, as defined 33 in chapter 509 and used primarily for transient occupancy as 34 defined in s. 83.43(18) s. 83.43(17), or any timeshare unit of a 35 timeshare plan as defined in chapters 718 and 721, which is of 36 three stories or more and for which the construction contract 37 has been let after September 30, 1983, with interior corridors 38 which do not have direct access from the guest area to exterior 39 means of egress and on buildings over 75 feet in height that 40 have direct access from the guest area to exterior means of 41 egress and for which the construction contract has been let 42 after September 30, 1983, shall be equipped with an automatic 43 sprinkler system installed in compliance with the provisions 44 prescribed in the National Fire Protection Association 45 publication NFPA No. 13 (1985), Standards for the Installation 46 of Sprinkler Systems. Each guest room and each timeshare unit 47 shall be equipped with an approved listed single-station smoke 48 detector meeting the minimum requirements of NFPA 74 (1984) 49 Standards for the Installation, Maintenance and Use of 50 Household Fire Warning Equipment, powered from the building 51 electrical service, notwithstanding the number of stories in the 52 structure, if the contract for construction is let after 53 September 30, 1983. Single-station smoke detectors shall not be 54 required when guest rooms or timeshare units contain smoke 55 detectors connected to a central alarm system which also alarms 56 locally. 57 Section 4.This act shall take effect July 1, 2024.