Senate Bill 0434

    Florida Senate - 1999                                   SB 434

    By the Committee on Fiscal Policy





    301-216A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Working Capital Trust Fund within the

  4         Department of Banking and Finance without

  5         modification; re-creating the Working Capital

  6         Trust Fund; carrying forward current balances

  7         and continuing current sources and uses

  8         thereof; providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Working Capital Trust Fund, which is otherwise scheduled

12  to be terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the Working

14  Capital Trust Fund before its scheduled termination date and

15  has found that it continues to meet an important public

16  purpose, and

17         WHEREAS, the Legislature has found that existing public

18  policy concerning the Working Capital Trust Fund sets adequate

19  parameters for its use, NOW, THEREFORE,

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

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23         Section 1.  (1)  The Working Capital Trust Fund within

24  the Department of Banking and Finance, FLAIR number 44-2-792,

25  which was created by section 216.272, Florida Statutes, and

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

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

28  re-created.

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

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

31  are continued.

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






    Florida Senate - 1999                                   SB 434
    301-216A-99




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

  2  2000.

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  5                          SENATE SUMMARY

  6    Re-creates the Working Capital Trust Fund within the
      Department of Banking and Finance.
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