House Bill 4511

    Florida House of Representatives - 1998                HB 4511

        By Representative Reddick






  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Affordable Residential Accommodations Trust

  4         Fund within the Department of Children and

  5         Family Services; providing for sources of

  6         moneys and purposes; providing for future

  7         review and termination or re-creation of the

  8         trust fund; providing a contingent effective

  9         date.

10

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

12

13         Section 1.  The Affordable Residential Accommodations

14  Trust Fund is hereby created, to be administered by the

15  Department of Children and Family Services.  Funds shall be

16  credited to the trust fund as provided in HB 3567 or similar

17  legislation, to be used for the purposes set forth therein.

18         Section 2.  (1)  Pursuant to the provisions of s.

19  19(f)(2), Art. III of the State Constitution, the Affordable

20  Residential Accommodations Trust Fund shall, unless terminated

21  sooner, be terminated on July 1, 2001.

22         (2)  Prior to the regular legislative session

23  immediately preceding the date on which the trust fund is

24  scheduled to be terminated, the Department of Children and

25  Family Services and the Governor shall recommend to the

26  President of the Senate and the Speaker of the House of

27  Representatives whether the trust fund should be allowed to

28  terminate or should be re-created.  These recommendations

29  shall be based on a review of the purpose and use of the trust

30  fund and a determination of whether the trust fund will

31  continue to be necessary.  A recommendation to re-create the

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






    Florida House of Representatives - 1998                HB 4511

    146-231-98






  1  trust fund may include suggested modifications to the

  2  purposes, sources of receipts, and allowable expenditures for

  3  the trust fund.  The department's recommendation shall be made

  4  as a part of its legislative budget request to the Legislature

  5  pursuant to s. 216.023, Florida Statutes.  The Governor's

  6  recommendation shall be made as a part of the recommended

  7  budget presented to the Legislature pursuant to s. 216.162,

  8  Florida Statutes.

  9         (3)  If the trust fund is terminated, the Department of

10  Children and Family Services shall pay any outstanding debts

11  or obligations of the trust fund as soon as practicable and

12  the Comptroller shall close out and remove the trust fund from

13  the various state accounting systems, using generally accepted

14  accounting practices concerning warrants outstanding, assets,

15  and liabilities.

16         Section 3.  This act shall take effect July 1 of the

17  year in which enacted, if HB 3567 or similar legislation is

18  adopted in the same legislative session or an extension

19  thereof.

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21            *****************************************

22                          HOUSE SUMMARY

23
      Creates the Affordable Residential Accommodations Trust
24    Fund within the Department of Children and Family
      Services, and provides for its sources of moneys and
25    purposes.  Provides for future review and termination or
      re-creation of the trust fund.
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