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HB 5203 — Property Seized by the Florida Gaming Control Commission
by State Administration & Technology Appropriations Subcommittee and Rep. Busatta Cabrera (SB 2508 by Appropriations Committee)
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Appropriations Committee (AP)
This bill specifies that the property rights in machines and money and other things of value therein seized by the Florida Gaming Control Commission (Commission) are forfeited to the Commission and deposited into the Pari-Mutuel Wagering Trust Fund. In addition, the bill specifies sums received from a sale or other disposition of property that is seized by the Commission must be deposited into the Pari-Mutuel Wagering Trust Fund.
The bill provides an exemption from the requirement that the Commission pay excess proceeds from forfeiture proceedings to the General Revenue Fund. The bill specifies that proceeds accrued pursuant to the Florida Contraband Forfeiture Act are to be deposited into the Pari-Mutuel Wagering Trust Fund or into the Commission’s Federal Law Enforcement Trust Fund. The bill authorizes such proceeds to be used for the operation of the Commission.
If approved by the Governor, or allowed to become law without the Governor’s signature, these provisions take effect July 1, 2024.
Vote: Senate 38-0; House 113-0