The Florida Senate

296.12  Residents' Deposits Trust Fund.--

(1)  There is created a Residents' Deposits Trust Fund. All moneys received by the home under this section must be deposited into the Residents' Deposits Trust Fund, a local fund that is administered by the home and is not a part of the State Treasury.

(2)  The residents of the home may voluntarily deposit with the home moneys that the home must receive and keep without charge in the Residents' Deposits Trust Fund. Such moneys voluntarily deposited with the home by a resident may be withdrawn, in whole or in part, at the will of the resident. Upon the resident's death, any balance that remains and is neither disposed of by will nor paid to his or her heirs at law must be paid to the state in accordance with the provisions of chapter 717.

(3)  Upon a resident's discharge or voluntary departure from the home, if such moneys are not demanded at the time of discharge or departure, or within a period of 3 years thereafter, or demanded by the heirs, devisees, or legatees in case of the resident's decease after his or her discharge or voluntary departure, the moneys must be paid to the state as provided in chapter 717.

(4)  All accrued interest on this trust fund must be accounted for by the financial manager and deposited to the Grants and Donations Trust Fund.

History.--s. 8, ch. 89-168; s. 13, ch. 92-80; s. 257, ch. 95-148; s. 50, ch. 96-418; s. 10, ch. 98-16.