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Senate Bill 0566
    Florida Senate - 1998                                   SB 566

    By Senator Grant





    13-565-98

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         "Rhea Chiles Health Care Education Trust Fund";

  4         providing for the administration of the trust

  5         fund; providing an appropriation; providing a

  6         conditional effective date.

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

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10         Section 1.  (1) There is created the "Rhea Chiles

11  Health Care Education Trust Fund" to be administered by the

12  College of Public Health of the University of South Florida.

13  The sum of $200 million is appropriated from the Tobacco

14  Settlement to the Rhea Chiles Health Care Education Trust

15  Fund. The State Board of Administration shall invest the funds

16  under sections 215.44-215.53, Florida Statutes. Interest

17  earned on the invested funds may be used only for the purpose

18  of purchasing and maintaining equipment for health care

19  education programs in the state postsecondary education system

20  as provided in subsection (2).

21         (2) Each fiscal year one-half of the interest earned by

22  the trust fund must be distributed to the universities in the

23  State University System based on the FTE enrollment in health

24  care education programs in each university. Each fiscal year

25  one-half of the interest earned by the trust fund must be

26  distributed to the community colleges based on the FTE

27  enrollment in health care education programs in each community

28  college.

29         Section 2.  This act shall take effect July 1, 1998,

30  but it shall not take effect unless it is enacted by a

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    Florida Senate - 1998                                   SB 566
    13-565-98




  1  three-fifths vote of the membership of each house of the

  2  Legislature.

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  5                          SENATE SUMMARY

  6    Creates the "Rhea Chiles Health Care Education Trust
      Fund" to be administered by the College of Public Health
  7    of the University of South Florida. Provides that the
      interest earned in the trust fund on an amount
  8    appropriated from the Tobacco Settlement must be used by
      the state postsecondary education system for equipment
  9    for health care education programs.

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