Senate Bill 2184

    Florida Senate - 1999                                  SB 2184

    By Senator Silver





    38-1674-99                                              See HB

  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         24.1126, F.S.; creating the Video Lottery

  4         Administrative Trust Fund within the Department

  5         of the Lottery; providing for source of moneys

  6         and purposes; providing for annual carryforward

  7         of funds; providing for future review and

  8         termination or re-creation of the trust fund;

  9         providing a contingent effective date.

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

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13         Section 1.  Section 24.1126, Florida Statutes, is

14  created to read:

15         24.1126  Video Lottery Administrative Trust Fund.--

16         (1)  The Video Lottery Administrative Trust Fund is

17  hereby created, to be administered by the Department of the

18  Lottery. Funds shall be credited to and distributed from the

19  trust fund as provided in s. 24.1121, to be used for the

20  purposes specified in that section.

21         (2)  Notwithstanding the provisions of s. 216.301 and

22  pursuant to s. 216.351, any balance in the trust fund at the

23  end of any fiscal year shall remain in the trust fund at the

24  end of the year and shall be available for carrying out the

25  purposes of the trust fund.

26         (3)  Pursuant to the provisions of s. 19(f)(2), Art.

27  III of the State Constitution, the trust fund shall, unless

28  terminated sooner, be terminated on July 1, 2003. However,

29  prior to its scheduled termination, the trust fund shall be

30  reviewed as provided in s. 215.3206(1) and (2).

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






    Florida Senate - 1999                                  SB 2184
    38-1674-99                                              See HB




  1         Section 2.  This act shall take effect July 1, 1999, if

  2  Senate Bill     or similar legislation is adopted in the same

  3  legislative session or an extension thereof.

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  6                       LEGISLATIVE SUMMARY

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      Creates the Video Lottery Administrative Trust Fund
  8    within the Department of the Lottery and provides for its
      source of moneys and purposes. Provides for annual
  9    carryforward of funds. Provides for future review and
      termination or re-creation of the trust fund.
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