House Bill 1289

    Florida House of Representatives - 1999                HB 1289

        By the Committee on General Government Appropriations and
    Representative Sembler





  1                      A bill to be entitled

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

  3         Administrative Trust Fund within the Department

  4         of Banking and Finance without modification;

  5         carrying forward current balances and

  6         continuing current sources and uses thereof;

  7         providing an effective date.

  8

  9         WHEREAS, the Legislature wishes to extend the life of

10  the Administrative Trust Fund within the Department of Banking

11  and Finance, which is otherwise scheduled to be terminated

12  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,

19

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

21

22         Section 1.  (1)  The Administrative Trust Fund, FLAIR

23  number 44-2-021, which was approved for the Department of

24  Banking and Finance by the Administration Commission pursuant

25  to its prior authority under section 215.32, Florida Statutes,

26  and which is to be terminated pursuant to Section 19(f),

27  Article III of the State Constitution on November 4, 2000, is

28  re-created.

29         (2)  All current balances of the trust fund are carried

30  forward, and all current sources and uses of the trust fund

31  are continued.

                                  1

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






    Florida House of Representatives - 1999                HB 1289

    610-165-99






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

  2  2000.

  3

  4            *****************************************

  5                          HOUSE SUMMARY

  6
      Re-creates the Administrative Trust Fund within the
  7    Department of Banking and Finance.

  8

  9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  2