Both sides of the Florida Legislature will spend time this fall reviewing a controversial deal approved by the state-backed Citizens Property Insurance Corp.

Senate President Don Gaetz, R-Niceville, on Thursday announced the Senate Banking and Insurance Committee will investigate a downsizing deal that could be worth up to $52 million for St. Petersburg-based Heritage Property & Casualty Insurance Co.

Gov. Rick Scott spread the pain.

As Scott signed a $74.1 billion state budget Monday, he used his line-item veto power to eliminate proposals that ranged from spending $14 million on a building project at Gulf Coast State College in the Panhandle to earmarking $20,000 for the Hialeah Junior Fire Academy in South Florida.

"My filter was this,'' Scott said. "One, is it going to help our families get more jobs? Two, will it help improve our education system in our state? And three, will it make government more efficient so we can keep the cost of living low in our state?"