The 2006 Legislature passed CS/CS for SB 1980 on Friday, May 5, 2006 and this Bill became law on May 16, 2006. Due to this legislation, an emergency rule was necessary. On May 31, 2006, Emergency Rule 19ER06-3 “Insurance Capital Build-Up Incentive Program” was filed and became effective. Pursuant to Section 120.54(4), Florida Statutes, this emergency rule is effective for only 90 days. Thus, the State Board of Administration is now entering into the rulemaking process to incorporate the language in the emergency rule into a permanent rule.