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House Bill 1333




    Florida House of Representatives - 1997                HB 1333

        By Representative Meek






  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         County Article V Trust Fund to be administered

  4         by the Supreme Court; providing for future

  5         review and termination or re-creation of the

  6         fund; providing an effective date.

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  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  The County Article V Trust Fund is hereby

11  created, to be administered by the Supreme Court. Funds shall

12  be credited to the trust fund as provided in HB      or

13  similar legislation, for the purposes set forth therein.

14         Section 2.  (1)  Pursuant to the provisions of Section

15  19(f)(2), Article III of the State Constitution, the County

16  Article V Trust Fund shall, unless terminated sooner, be

17  terminated on June 30, 2001.

18         (2)  Prior to the regular legislative session

19  immediately preceding the date on which the trust fund is

20  scheduled to be terminated, the Supreme Court shall recommend

21  to the President of the Senate and the Speaker of the House of

22  Representatives whether the trust fund should be allowed to

23  terminate or should be re-created. These recommendations shall

24  be based on a review of the purpose and use of the trust fund

25  and a determination of whether the trust fund will continue to

26  be necessary. A recommendation to re-create the trust fund may

27  include suggested modifications to the purposes, sources of

28  receipts, and allowable expenditures for the trust fund. The

29  Supreme Court's recommendation shall be made as a part of its

30  legislative budget request to the Legislature under section

31  216.023, Florida Statutes.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 1997                HB 1333

    572-136-97






  1         (3)  If the trust fund is terminated, the Supreme Court

  2  must pay any outstanding debts or obligations of the trust

  3  fund as soon as practicable and the Comptroller must close out

  4  and remove the trust fund from the various state accounting

  5  systems, using generally accepted accounting practices

  6  concerning warrants outstanding, assets, and liabilities.

  7         Section 3.  This act shall take effect July 1, 1997.

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10                       LEGISLATIVE SUMMARY

11    Creates the County Article V Trust Fund to be
      administered by the Supreme Court. Provides for future
12    review and termination or re-creation of the fund.  If
      the fund is terminated, the Supreme Court must pay any
13    outstanding debts. The Comptroller must remove the trust
      fund from the various state accounting systems.
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