House Bill 2271

    Florida House of Representatives - 1999                HB 2271

        By Representative Merchant






  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         216.1787, F.S.; creating the Exceptional

  4         Projects Trust Fund within the Department of

  5         Banking and Finance; providing purpose and

  6         source of funds; providing for annual

  7         carryforward of funds; providing for future

  8         review and termination or re-creation of the

  9         trust fund; providing a contingent effective

10         date.

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

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14         Section 1.  Section 216.1787, Florida Statutes, is

15  created to read:

16         216.1787  Exceptional Projects Trust Fund.--

17         (1)  The Exceptional Projects Trust Fund is created

18  within the Department of Banking and Finance. The trust fund

19  shall be used to fund legislative projects that were not

20  recommended by the Governor or a state agency and do not meet

21  the requirements of s. 216.1785, but that are determined to be

22  essential by the Legislature. Funds of the trust fund shall

23  consist of those amounts appropriated for such projects;

24  however, the total amount of funds in the trust fund may not

25  exceed 0.1 percent of the total state budget for any fiscal

26  year.

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

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

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

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

31  purposes of the trust fund.

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






    Florida House of Representatives - 1999                HB 2271

    513-193B-99






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

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

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

  4  before to its scheduled termination, the trust fund shall be

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

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

  7  House Bill .... or similar legislation creating s. 216.1785,

  8  Florida Statutes, is adopted in the same legislative session

  9  or an extension thereof.

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12                          HOUSE SUMMARY

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      Creates the Exceptional Projects Trust Fund within the
14    Department of Banking and Finance. Provides purpose and
      source of funds. Provides for annual carryforward of
15    funds. Provides for future review and termination or
      re-creation of the trust fund.
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