Senate Bill 1686

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



    Florida Senate - 1999                                  SB 1686

    By Senators Meek, Dawson-White, Jones and Dyer





    36-886B-99                                              See HB

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Small and Minority Business Trust Fund;

  4         providing for administration by the Small

  5         Business and Economic Development Office of the

  6         Commission on Small Business and Economic

  7         Development for certain purposes; providing for

  8         sources of moneys and purposes; providing for

  9         future review and termination or re-creation of

10         the trust fund; providing a contingent

11         effective date.

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

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15         Section 1.  The Small and Minority Business Trust Fund

16  is hereby created, to be administered by the Small Business

17  and Economic Development Office within the Commission on Small

18  Business and Economic Development, to receive moneys deposited

19  or credited by legislative appropriation, grants, gifts, and

20  contributions for the purpose of funding the Small and

21  Minority Business Management and Technical Assistance Program

22  as provided in SB     or similar legislation.  The Small

23  Business and Economic Development Office may receive grants

24  that require matching funds from the state, to be deposited

25  into the fund.

26         Section 2.  (1)  Pursuant to the provisions of Section

27  19(f)(2), Article III of the State Constitution, the Small and

28  Minority Business Trust Fund shall, unless terminated sooner,

29  be terminated on July 1, 2003.

30         (2)  Prior to the regular legislative session

31  immediately preceding the date on which the trust fund is

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






    Florida Senate - 1999                                  SB 1686
    36-886B-99                                              See HB




  1  scheduled to be terminated, the Commission on Small Business

  2  and Economic Development and the Governor shall recommend to

  3  the President of the Senate and the Speaker of the House of

  4  Representatives whether the trust fund should be allowed to

  5  terminate or should be re-created.  These recommendations

  6  shall be based on a review of the purpose and use of the trust

  7  fund and a determination of whether the trust fund will

  8  continue to be necessary.  A recommendation to re-create the

  9  trust fund may include suggested modifications to the

10  purposes, sources of receipts, and allowable expenditures for

11  the trust fund.  The commission's recommendation shall be made

12  as a part of its legislative budget request to the Legislature

13  pursuant to section 216.023, Florida Statutes.  The Governor's

14  recommendation shall be made as a part of the recommended

15  budget presented to the Legislature pursuant to section

16  216.162, Florida Statutes.

17         (3)  If the trust fund is terminated, the Commission on

18  Small Business and Economic Development, through the Small

19  Business and Economic Development Office, shall pay any

20  outstanding debts or obligations of the trust fund as soon as

21  practicable and the Comptroller shall close out and remove the

22  trust fund from the various state accounting systems, using

23  generally accepted accounting practices concerning warrants

24  outstanding, assets, and liabilities.

25         Section 3.  This act shall take effect on the effective

26  date of Senate Bill      , but it shall not take effect unless

27  it is enacted by a three-fifths vote of the membership of each

28  house of the Legislature and unless SB      , 1999 Regular

29  Session, becomes a law.

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






    Florida Senate - 1999                                  SB 1686
    36-886B-99                                              See HB




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  2                       LEGISLATIVE SUMMARY

  3    Creates the Small and Minority Business Trust Fund to be
      administered by the Small Business and Economic
  4    Development Office of the Commission on Small Business
      and Economic Development for the purpose of funding a
  5    management and technical assistance program for small and
      minority business enterprises and provides for its
  6    sources of moneys and purposes.  Provides for future
      review and termination or re-creation of the trust fund.
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