Senate Bill 2428

    Florida Senate - 1998                                  SB 2428

    By the Committee on Ways and Means





    301-1565-98

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Consumer Frauds Trust Fund without

  4         modification; re-creating the Consumer Frauds

  5         Trust Fund; carrying forward current balances

  6         and continuing current sources and uses;

  7         providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Consumer Frauds Trust Fund, which is otherwise scheduled

11  to be terminated pursuant to constitutional mandate, and

12         WHEREAS, the Legislature has reviewed the Consumer

13  Frauds Trust Fund before its scheduled termination date and

14  has found that it continues to meet an important public

15  purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the Consumer Frauds Trust Fund sets adequate

18  parameters for its use, NOW, THEREFORE,

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

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22         Section 1.  The Consumer Frauds Trust Fund within the

23  justice administration budget entities, which was created by

24  section 501.2101, Florida Statutes, and which is to be

25  terminated pursuant to Section 19(f), Article III of the State

26  Constitution on November 4, 2000, is hereby re-created.

27         Section 2.  All current balances of the Consumer Frauds

28  Trust Fund are hereby carried forward and all current sources

29  and uses of the trust fund are hereby continued.

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

31  2000.

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






    Florida Senate - 1998                                  SB 2428
    301-1565-98




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  2                          SENATE SUMMARY

  3    Re-creates, without modification, the Consumer Frauds
      Trust Fund within the justice administration budget
  4    entities and carries forward its current balances and
      continues its current sources and uses.
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