SENATE AMENDMENT

    Bill No. CS for SB 1352

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Thomas moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 13, between lines 13 and 14,

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16  insert:

17         Section 6.  (1)  The State Board of Administration

18  shall invest and reinvest, in accordance with sections

19  215.44-215.53, Florida Statutes, the moneys in the trust fund

20  established for the deposit of funds received by the state

21  from settlement of State of Florida v. American Tobacco Co.,

22  Case No. 95-1466AH, in the Circuit Court for the Fifteenth

23  Judicial Circuit, in and for Palm Beach County, Florida. Costs

24  and fees of the State Board of Administration for providing

25  such investment services shall be deducted from the earnings

26  accruing to the trust fund.

27         (2)  Notwithstanding the provisions of section 216.301,

28  Florida Statutes, and pursuant to section 216.351, Florida

29  Statutes, any balance in the trust fund at the end of any

30  fiscal year shall remain in the trust fund at the end of the

31  year and shall be available for carrying out the purposes of

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 1352

    Amendment No.    





 1  the trust fund. All moneys received from the settlement shall

 2  be deposited into the trust fund and are exempt from the

 3  service charge imposed under section 215.20, Florida Statutes.

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 5  (Redesignate subsequent sections.)

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 8  ================ T I T L E   A M E N D M E N T ===============

 9  And the title is amended as follows:

10         On page 1, line 17, after the semicolon,

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12  insert:

13         requiring the State Board of Administration to

14         invest moneys in the trust fund established for

15         the deposit of funds received from litigation

16         with the tobacco industry; providing for an

17         annual carryforward of funds; providing that

18         moneys in the trust fund are exempt from a

19         service charge;

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