Senate Bill 2422

    Florida Senate - 1998                                  SB 2422

    By the Committee on Ways and Means





    301-1562-98

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Capital Collateral Trust Fund without

  4         modification; re-creating the Capital

  5         Collateral Trust Fund; carrying forward current

  6         balances and continuing current sources and

  7         uses thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Capital Collateral Trust Fund, which is otherwise

11  scheduled to be terminated pursuant to constitutional mandate,

12  and

13         WHEREAS, the Legislature has reviewed the Capital

14  Collateral Trust Fund before its scheduled termination date

15  and has found that it continues to meet an important public

16  purpose, and

17         WHEREAS, the Legislature has found that existing public

18  policy concerning the Capital Collateral Trust Fund sets

19  adequate parameters for its use, NOW, THEREFORE,

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

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23         Section 1.  The Capital Collateral Trust Fund within

24  the office of the Capital Collateral Representative, which was

25  created by section 27.702, Florida Statutes, and which is to

26  be terminated pursuant to Section 19(f), Article III of the

27  State Constitution on November 4, 2000, is re-created.

28         Section 2.  All current balances of the Capital

29  Collateral Trust Fund are carried forward, and all current

30  sources and uses of the trust fund are continued.

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






    Florida Senate - 1998                                  SB 2422
    301-1562-98




  1         Section 3.  This act shall take effect November 4,

  2  2000.

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  5                          SENATE SUMMARY

  6    Re-creates the Capital Collateral Trust Fund within the
      office of the Capital Collateral Representative, without
  7    modification, and carries forward its current balances
      and continues its current sources and uses.
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