Senate Bill 0426

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



    Florida Senate - 1999                                   SB 426

    By the Committee on Fiscal Policy





    301-292A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         "Trust Funds -- no title" Trust Fund without

  4         modification; re-creating the trust fund;

  5         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 "Trust Funds -- no title" Trust Fund, which is otherwise

11  scheduled to be terminated pursuant to constitutional mandate,

12  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 "Trust Funds -- no title" Trust

23  Fund within the Department of Banking and Finance, FLAIR

24  number 44-2-732, which is to be terminated pursuant to Section

25  19(f), Article III of the State Constitution on November 4,

26  2000, is re-created.

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

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

29  are continued.

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

31  2000.

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






    Florida Senate - 1999                                   SB 426
    301-292A-99




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  2                          SENATE SUMMARY

  3    Recreates the "Trust Funds -- no title" Trust Fund within
      the Department of Banking and Finance.
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