House Bill 1301
CODING: Words stricken are deletions; words underlined are additions.
Florida House of Representatives - 1999 HB 1301
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 Abandoned Property 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 Abandoned Property 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 Abandoned Property Trust Fund,
23 FLAIR number 44-2-007, which was created within the Department
24 of Banking and Finance and which is to be terminated pursuant
25 to Section 19(f), Article III of the State Constitution on
26 November 4, 2000, is re-created
27 (2) All current balances of the trust fund are carried
28 forward, and all current sources and uses of the trust fund
29 are continued.
30 Section 2. This act shall take effect November 4,
31 2000.
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CODING: Words stricken are deletions; words underlined are additions.
Florida House of Representatives - 1999 HB 1301
610-171-99
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2 HOUSE SUMMARY
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Re-creates the Abandoned Property Trust Fund within the
4 Department of Banking and Finance.
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