House Bill 1375

    Florida House of Representatives - 1999                HB 1375

        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         Insurance Commissioner's Regulatory Trust Fund

  4         within the Department of Insurance 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 Insurance Commissioner's Regulatory Trust Fund within the

11  Department of Insurance, 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 Insurance Commissioner's

23  Regulatory Trust Fund within the Department of Insurance,

24  FLAIR number 46-2-393, which was created by section 624.523,

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

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

27  November 4, 2000, is 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.






    Florida House of Representatives - 1999                HB 1375

    610-209-99






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

  2  2000.

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  5                          HOUSE SUMMARY

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      Re-creates the Insurance Commissioner's Regulatory Trust
  7    Fund within the Department of Insurance.

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