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2002 Florida Statutes
Trust fund dissolution.
11011.4106 Trust fund dissolution.--Notwithstanding the provisions of ss. 215.3206(2) and 215.3208(2), and pursuant to s. 216.351, all unexpended balances as of June 30, 2002, in the following state university system trust funds are hereby appropriated to the appropriate accounts of each university based upon the original source of the trust fund revenue and any accrued interest: the Education/General Student and Other Fees Trust Fund, the Experiment Station Federal Grant Trust Fund, the Experiment Station Incidental Trust Fund, the Extension Service Federal Grant Trust Fund, the Extension Service Incidental Trust Fund, the Incidental Trust Fund, the UF Health Center Operations and Maintenance Trust Fund, the Operations and Maintenance Trust Fund, and all other trust funds in the State Treasury for universities. Expenditure of these funds by each university must be based on the laws, rules, grant agreements, or other legal controlling factors associated with all trust fund balances which are appropriated to local accounts pursuant to this section, and included in each university board of trustees' approved operating budget. Each university shall be responsible for the payment of outstanding debts or obligations associated with these funds.
History.--s. 636, ch. 2002-387.
1Note.--Section 523, ch. 2002-387, provides that "[c]ontingent upon ss. 1011.41 and 1011.4106, Florida Statutes, which transfer funding associated with student tuition and fees and other authorized fees for services to local accounts to be managed by university boards of trustees, becoming law, the total receipts of the state which are subject to the revenue limitations of Article VII, Section 1(e) of the Florida Constitution shall be reduced by the Revenue Estimation Conference to reflect this transfer."