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2022 Florida Statutes (including 2022C, 2022D, 2022A, and 2023B)
SECTION 71
Lottery Capital Outlay and Debt Service Trust Fund.
Lottery Capital Outlay and Debt Service Trust Fund.
1013.71 Lottery Capital Outlay and Debt Service Trust Fund.—
(1)(a) The Lottery Capital Outlay and Debt Service Trust Fund is hereby created, to be administered by the Department of Education. Funds shall be credited to the trust fund from legislative appropriations and interest earnings. The purpose of the trust fund is to maintain and account for lottery funds appropriated for fixed capital outlay and debt service separately from lottery funds appropriated for current operations.
(2) Lottery funds appropriated for fixed capital outlay and debt service, along with any interest earned thereon, shall be transferred from the Educational Enhancement Trust Fund to the Lottery Capital Outlay and Debt Service Trust Fund.
(3) Pursuant to the provisions of s. 19(f)(3), Art. III of the State Constitution, the trust fund is not subject to termination under s. 19(f)(2), Art. III of the State Constitution.
History.—s. 868, ch. 2002-387.