House Bill 1379
CODING: Words stricken are deletions; words underlined are additions.
Florida House of Representatives - 1999 HB 1379
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 Public Deposits Trust Fund within the
4 Department of Insurance without modification;
5 carrying forward current balances and
6 continuing current sources and uses thereof;
7 providing an effective date.
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9 WHEREAS, the Legislature wishes to extend the life of
10 the Public Deposits Trust Fund within the Department of
11 Insurance, 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,
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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 Public Deposits Trust Fund within
23 the Department of Insurance, FLAIR number 46-2-545, which was
24 created by section 280.09, Florida Statutes, and which is to
25 be terminated pursuant to Section 19(f), Article III of the
26 State Constitution on 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 1379
610-211-99
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2 HOUSE SUMMARY
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Re-creates the Public Deposits Trust Fund within the
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