Senate Bill 1970er

    ENROLLED

    1999 Legislature                                       SB 1970



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

  3         Brownfield Property Ownership Clearance

  4         Assistance Revolving Loan Trust Fund within the

  5         Office of Tourism, Trade, and Economic

  6         Development in the Executive Office of the

  7         Governor without modification and placing it on

  8         the standard review cycle; carrying forward

  9         current balances and continuing current sources

10         and uses thereof; providing an effective date.

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12         WHEREAS, the Legislature wishes to extend the life of

13  the Brownfield Property Ownership Clearance Assistance

14  Revolving Loan Trust Fund within the Office of Tourism, Trade,

15  and Economic Development in the Executive Office of the

16  Governor, which is otherwise scheduled to be terminated

17  pursuant to constitutional mandate, and

18         WHEREAS, the Legislature has reviewed the trust fund

19  before its scheduled termination date and has found that it

20  continues to meet an important public purpose, and

21         WHEREAS, the Legislature has found that existing public

22  policy concerning the trust fund sets adequate parameters for

23  its use, NOW, THEREFORE,

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

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27         Section 1.  (1)  The Brownfield Property Ownership

28  Clearance Assistance Revolving Loan Trust Fund within the

29  Office of Tourism, Trade, and Economic Development in the

30  Executive Office of the Governor, FLAIR number 31-2-595, which

31  was created by chapter 98-118, Laws of Florida, and assigned


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




    ENROLLED

    1999 Legislature                                       SB 1970



  1  to section 376.875, Florida Statutes, and which is to be

  2  terminated pursuant to Section 19(f), Article III of the State

  3  Constitution on July 1, 2002, unless terminated sooner by law,

  4  is hereby terminated on November 4, 2000, and re-created.

  5         (2)  All current balances of the trust fund are carried

  6  forward, and all current sources and uses of the trust fund

  7  are continued.

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

  9  2000.

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