68.089  Limitation of actions.--A civil action under this act may not be brought:

(1)  More than 5 years after the date on which the violation of s. 68.082 is committed; or

(2)  More than 2 years after the date when facts material to the right of action are known or reasonably should have been known by the state official charged with responsibility to act in the circumstances, but in no event more than 7 years after the date on which the violation is committed, whichever occurs last.