House Bill 1387er

    ENROLLED

    1999 Legislature                                       HB 1387



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

  3         Intangible Tax Trust Fund within the Department

  4         of Revenue without modification; carrying

  5         forward current balances and continuing current

  6         sources and uses thereof; providing an

  7         effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Intangible Tax Trust Fund within the Department of

11  Revenue, 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 Intangible Tax Trust Fund within

23  the Department of Revenue, FLAIR number 73-2-399, which was

24  created by section 199.292, 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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