The Florida Senate

17.43  Comptroller's Federal Equitable Sharing Trust Fund.--

(1)  The Comptroller's Federal Equitable Sharing Trust Fund is created within the Department of Banking and Finance. The department may deposit into the trust fund receipts and revenues received as a result of federal criminal, administrative, or civil forfeiture proceedings and receipts and revenues received from federal asset-sharing programs. The trust fund is exempt from the service charges imposed by s. 215.20.

(2)  Notwithstanding the provisions of s. 216.301 and pursuant to s. 216.351, any balance in the trust fund at the end of any fiscal year shall remain in the trust fund at the end of the year and shall be available for carrying out the purposes of the trust fund.

¹(3)  Pursuant to the provisions of s. 19(f)(2), Art. III of the State Constitution, the trust fund shall, unless terminated sooner, be terminated on July 1, 2002. Prior to its scheduled termination, the trust fund shall be reviewed as provided in s. 215.3206(1) and (2).

History.--s. 1, ch. 98-278; s. 2, ch. 99-84.

¹Note.--

A.  Repealed effective November 4, 2000, by s. 2, ch. 99-84.

B.  Section 1, ch. 99-84, provides that:

"(1)  The Comptroller's Federal Equitable Sharing Trust Fund within the Department of Banking and Finance, FLAIR number 44-2-719, which was created by section 17.43, Florida Statutes, 1998 Supplement, and which is to be terminated pursuant to Section 19(f), Article III of the State Constitution on July 1, 2002, unless terminated sooner by law, is hereby terminated on November 4, 2000, and re-created.

"(2)  All current balances of the trust fund are carried forward, and all current sources and uses of the trust fund are continued."