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The Florida Senate

SB 1036 — Operations Trust Fund/Department of Revenue

by Budget Subcommittee on General Government Appropriations

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Budget Subcommittee on General Government Appropriations Committee (BGA)

This bill (Chapter 2011-28, L.O.F.) re-creates and renames the Operations Trust Fund, FLAIR number 73-2-510, within the Department of Revenue. The Operations Trust Fund is renamed the Operating Trust Fund. This trust fund serves as a depository for funds to be used for program operations funded by program revenues. The bill has no fiscal impact on state agencies or state funds, on local governments as a whole, or on the private sector.  It simply re-creates and renames an existing state trust fund and continues the current use of the fund.

These provisions were approved by the Governor and take effect July 1, 2011.
Vote:  Senate 40-0; House 116-0