House Bill 1295er

    ENROLLED

    1999 Legislature                                       HB 1295



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

  3         Mortgage Brokerage Guaranty 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 Mortgage Brokerage Guaranty 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 fund before

14  its scheduled termination date and has found that it continues

15  to meet an important public purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the fund sets adequate parameters for its

18  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 Mortgage Brokerage Guaranty Fund,

23  FLAIR number 44-2-485, within the Department of Banking and

24  Finance, which is established in section 494.0017, Florida

25  Statutes, and which is to be terminated pursuant to Section

26  19(f), Article III of the State Constitution on November 4,

27  2000, is re-created.

28         (2)  All current balances of the fund are carried

29  forward, and all current sources and uses of the fund are

30  continued.

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




    ENROLLED

    1999 Legislature                                       HB 1295



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

  2  2000.

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