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The Florida Senate

1998 Florida Statutes

SECTION 07
Transfer of surplus property assets to department.

1217.07  Transfer of surplus property assets to department.--The State Treasurer is authorized to transfer to the department any funds unexpended in the Surplus Property Revolving Trust Fund account in the State Treasury. This revolving fund shall remain in existence as a separate trust fund as long as the surplus property program exists. Upon termination of the program any remaining funds shall be disposed of as provided by federal law.

History.--s. 1, ch. 65-173; ss. 22, 35, ch. 69-106; s. 68, ch. 73-333; s. 330, ch. 92-279; s. 55, ch. 92-326.

1Note.--Section 1, ch. 97-148, provides that "[t]he Surplus Property Revolving Trust Fund, which was created within the Department of Management Services and which is to be terminated pursuant to Section 19(f), Article III of the State Constitution on November 4, 2000, is hereby re-created."