Senate Bill 0420

    Florida Senate - 1999                                   SB 420

    By the Committee on Fiscal Policy





    301-199A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Market Improvements Working Capital Trust Fund

  4         without modification; re-creating the trust

  5         fund; carrying forward current balances and

  6         continuing current sources and uses thereof;

  7         providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Market Improvements Working Capital Trust Fund, which is

11  otherwise scheduled to be terminated pursuant to

12  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 Market Improvements Working

23  Capital Trust Fund within the Department of Agriculture and

24  Consumer Services, FLAIR number 42-2-473, which was created by

25  section 570.531, Florida Statutes, and which is to be

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

27  Constitution on November 4, 2000, is re-created.

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

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

30  are continued.

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






    Florida Senate - 1999                                   SB 420
    301-199A-99




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

  2  2000.

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  5                          SENATE SUMMARY

  6    Recreates the Market Improvements Working Capital Trust
      Fund within the Department of Agriculture and Consumer
  7    Services.

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