Senate Bill 2454

    Florida Senate - 1998                                  SB 2454

    By the Committee on Ways and Means





    301-1590-98

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Working Capital Trust Fund of the Department of

  4         Law Enforcement without modification;

  5         re-creating the Working Capital Trust Fund;

  6         carrying forward current balances and

  7         continuing current sources and uses thereof;

  8         providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Working Capital Trust Fund, which is otherwise scheduled

12  to be terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the Working

14  Capital Trust Fund before its scheduled termination date and

15  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 Working Capital Trust Fund sets adequate

19  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 Working Capital Trust Fund, which was

24  created within the Department of Law Enforcement and which is

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

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

27         Section 2.  All current balances of the Working Capital

28  Trust Fund of the Department of Law Enforcement are carried

29  forward, and all current sources and uses of the trust fund

30  are continued.

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






    Florida Senate - 1998                                  SB 2454
    301-1590-98




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

  2  2000.

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  5                          SENATE SUMMARY

  6    Re-creates, without modification, the Working Capital
      Trust Fund within the Department of Law Enforcement and
  7    carries forward its current balances and continues its
      current sources and uses.
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