Senate Bill 0428

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



    Florida Senate - 1999                                   SB 428

    By the Committee on Fiscal Policy





    301-563A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Anti-Fraud Trust Fund without modification;

  4         re-creating the trust fund; carrying forward

  5         current balances and continuing current sources

  6         and uses thereof; providing an effective date.

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  8         WHEREAS, the Legislature wishes to extend the life of

  9  the Anti-Fraud Trust Fund, which is otherwise scheduled to be

10  terminated pursuant to constitutional mandate, and

11         WHEREAS, the Legislature has reviewed the trust fund

12  before its scheduled termination date and has found that it

13  continues to meet an important public purpose, and

14         WHEREAS, the Legislature has found that existing public

15  policy concerning the trust fund sets adequate parameters for

16  its use, NOW, THEREFORE,

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

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20         Section 1.  (1)  The Anti-Fraud Trust Fund within the

21  Department of Banking and Finance, FLAIR number 44-2-038,

22  which was created by section 517.302, Florida Statutes, and

23  which is to be terminated pursuant to Section 19(f), Article

24  III of the State Constitution on November 4, 2000, is

25  re-created.

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

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

28  are continued.

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

30  2000.

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






    Florida Senate - 1999                                   SB 428
    301-563A-99




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  2                          SENATE SUMMARY

  3    Re-creates the Anti-Fraud Trust Fund within the
      Department of Banking and Finance.
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