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The Honorable Tom Gallagher State Treasurer and Insurance Commissioner The Capitol Tallahassee, Florida 32399-0300

Dear Commissioner Gallagher:

You ask the following question:

Are funds derived from the premiums, assessments, investment income, and other revenue of the Citizens Property Insurance Corporation, proposed by Committee Substitute for Senate Bill 1418, included within the term "state revenues" for purposes of Article VII, section 1(e), Florida Constitution?

In sum:

Funds derived from the premiums, assessments, investment income, and other revenue of the Citizens Property Insurance…