House Bill 4813

    Florida House of Representatives - 1998                HB 4813

        By the Committee on General Government Appropriations and
    Representative K. Pruitt





  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         17.43, F.S.; creating the Comptroller's Federal

  4         Equitable Sharing Trust Fund within the

  5         Department of Banking and Finance; providing

  6         for sources of funds; exempting the trust fund

  7         from various service charges; providing for

  8         annual carryforward of funds; providing for

  9         future review and termination or re-creation of

10         the trust fund; providing an effective date.

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

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14         Section 1.  Section 17.43, Florida Statutes, is created

15  to read:

16         17.43  Comptroller's Federal Equitable Sharing Trust

17  Fund.--

18         (1)  The Comptroller's Federal Equitable Sharing Trust

19  Fund is created within the Department of Banking and Finance.

20  The department may deposit into the trust fund receipts and

21  revenues received as a result of federal criminal,

22  administrative, or civil forfeiture proceedings and receipts

23  and revenues received from federal asset-sharing programs. The

24  trust fund is exempt from the service charges imposed by s.

25  215.20.

26         (2)  Notwithstanding the provisions of s. 216.301 and

27  pursuant to s. 216.351, any balance in the trust fund at the

28  end of any fiscal year shall remain in the trust fund at the

29  end of the year and shall be available for carrying out the

30  purposes of the trust fund.

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






    Florida House of Representatives - 1998                HB 4813

    610-133A-98






  1         (3)  Pursuant to the provisions of s. 19(f)(2), Art.

  2  III of the State Constitution, the trust fund shall, unless

  3  terminated sooner, be terminated on July 1, 2002. Prior to its

  4  scheduled termination, the trust fund shall be reviewed as

  5  provided in s. 215.3206(1) and (2).

  6         Section 2.  This act shall take effect July 1 of the

  7  year in which enacted.

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10                          HOUSE SUMMARY

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      Creates the Comptroller's Federal Equitable Sharing Trust
12    Fund within the Department of Banking and Finance.
      Provides for sources of funds. Exempts the trust fund
13    from various service charges. Provides for annual
      carryforward of funds. Provides for future review and
14    termination or re-creation of the trust fund.

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