House Bill 1299

    Florida House of Representatives - 1999                HB 1299

        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         Comptroller's Federal Equitable Sharing Trust

  4         Fund within the Department of Banking and

  5         Finance without modification and placing it on

  6         the standard review cycle; carrying forward

  7         current balances and continuing current sources

  8         and uses thereof; repealing s. 17.43(3), F.S.;

  9         abrogating provisions relating to the

10         termination of the trust fund, to conform;

11         providing an effective date.

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13         WHEREAS, the Legislature wishes to extend the life of

14  the Comptroller's Federal Equitable Sharing Trust Fund within

15  the Department of Banking and Finance, which is otherwise

16  scheduled to be terminated pursuant to constitutional mandate,

17  and

18         WHEREAS, the Legislature has reviewed the trust fund

19  before its scheduled termination date and has found that it

20  continues to meet an important public purpose, and

21         WHEREAS, the Legislature has found that existing public

22  policy concerning the trust fund sets adequate parameters for

23  its use, NOW, THEREFORE,

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

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27         Section 1.  (1)  The Comptroller's Federal Equitable

28  Sharing Trust Fund within the Department of Banking and

29  Finance, FLAIR number 44-2-719, which was created by section

30  17.43, Florida Statutes, 1998 Supplement, and which is to be

31  terminated pursuant to Section 19(f), Article III of the State

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






    Florida House of Representatives - 1999                HB 1299

    610-170-99






  1  Constitution on July 1, 2002, unless terminated sooner by law,

  2  is hereby terminated on November 4, 2000, and re-created.

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

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

  5  are continued.

  6         Section 2.  Subsection (3) of section 17.43, Florida

  7  Statutes, 1998 Supplement, is repealed.

  8         Section 3.  This act shall take effect November 4,

  9  2000.

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12                          HOUSE SUMMARY

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      Re-creates the Comptroller's Federal Equitable Sharing
14    Trust Fund within the Department of Banking and Finance
      and places it on the standard review cycle.
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