CODING: Words stricken are deletions; words underlined are additions.
House Bill 0617




    Florida House of Representatives - 1997                 HB 617

        By Representative Argenziano






  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Community College Capital Facilities Matching

  4         Trust Fund within the Department of Education,

  5         to be administered by the State Board of

  6         Community Colleges; providing for source of

  7         moneys and purposes; providing for future

  8         review and termination or re-creation of the

  9         fund; providing a contingent effective date.

10

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

12

13         Section 1.  The Community College Capital Facilities

14  Matching Trust Fund is hereby created within the Department of

15  Education, to be administered by the State Board of Community

16  Colleges.  Funds shall be credited to the trust fund as

17  provided in HB     or similar legislation, to be used for the

18  purposes set forth therein.

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

20  19(f)(2), Art. III of the State Constitution, the Community

21  College Capital Facilities Matching Trust Fund shall, unless

22  terminated sooner, be terminated on July 1, 2001.

23         (2)  Prior to the regular legislative session

24  immediately preceding the date on which the trust fund is

25  scheduled to be terminated, the State Board of Community

26  Colleges and the Governor shall recommend to the President of

27  the Senate and the Speaker of the House of Representatives

28  whether the trust fund should be allowed to terminate or

29  should be re-created.  These recommendations shall be based on

30  a review of the purpose and use of the trust fund and a

31  determination of whether the trust fund will continue to be

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






    Florida House of Representatives - 1997                 HB 617

    576-107-97






  1  necessary.  A recommendation to re-create the trust fund may

  2  include suggested modifications to the purpose, sources of

  3  receipts, and allowable expenditures for the trust fund.  The

  4  state board's recommendation shall be made as a part of its

  5  legislative budget request to the Legislature pursuant to s.

  6  216.023, Florida Statutes.  The Governor's recommendation

  7  shall be made as a part of the recommended budget presented to

  8  the Legislature pursuant to s. 216.162, Florida Statutes.

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

10  Community Colleges of the Department of Education on behalf of

11  the State Board of Community Colleges shall pay any

12  outstanding debts or obligations of the trust fund as soon as

13  practicable and the Comptroller shall close out and remove the

14  trust fund from the various state accounting systems, using

15  generally accepted accounting practices concerning warrants

16  outstanding, assets, and liabilities.

17         Section 3.  This act shall take effect July 1, 1997, if

18  passed by a three-fifths vote of the membership of each house,

19  and if HB      or similar legislation is adopted in the same

20  legislative session or an extension thereof.

21

22            *****************************************

23                          HOUSE SUMMARY

24
      Creates the Community College Capital Facilities Matching
25    Trust Fund within the Department of Education, to be
      administered by the State Board of Community Colleges.
26    Provides source of moneys and purposes.  Provides for
      future review and termination or re-creation of the fund.
27

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