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HB 5201 — Trust Funds/Federal Law Enforcement Trust Fund/FGCC
by State Administration & Technology Appropriations Subcommittee and Rep. Busatta Cabrera (SB 2506 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)
The bill creates a Federal Law Enforcement Trust Fund within the Florida Gaming Control Commission (Commission). The trust fund serves as a depository for funds to be used by the Commission. Moneys to be credited to the trust fund consist of revenues received as a result of federal criminal, administrative, or civil forfeiture proceedings and receipts and revenues received from federal asset-sharing programs.
Any unencumbered balance remaining at the end of the fiscal year and any encumbered balance remaining undisbursed on September 30 of the same calendar year remains in the Federal Law Enforcement Trust Fund available for carrying out the purpose of the trust fund.
As required by the Florida Constitution, the Federal Law Enforcement Trust Fund terminates on July 1, 2028, unless terminated sooner or recreated by the Legislature. Additionally, the trust fund is required to be reviewed as provided in s. 215.3206, F.S., before its schedule termination.
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 114-0