House Bill 1283er

    ENROLLED

    1999 Legislature                                       HB 1283



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  2         An act relating to trust funds; re-creating the

  3         Working Capital Trust Fund within the

  4         Department of Banking and Finance without

  5         modification; carrying forward current balances

  6         and continuing current sources and uses

  7         thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Working Capital Trust Fund within the Department of

11  Banking and Finance, which is otherwise scheduled to be

12  terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the trust fund

14  before its scheduled termination date and has found that it

15  continues to meet an important public purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the trust fund sets adequate parameters for

18  its use, NOW, THEREFORE,

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

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22         Section 1.  (1)  The Working Capital Trust Fund within

23  the Department of Banking and Finance, FLAIR number 44-2-792,

24  which was created by section 216.272, Florida Statutes, and

25  which is to be terminated pursuant to Section 19(f), Article

26  III of the State Constitution on November 4, 2000, is

27  re-created.

28         (2)  All current balances of the trust fund 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.




    ENROLLED

    1999 Legislature                                       HB 1283



  1         Section 2.  This act shall take effect November 4,

  2  2000.

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