Senate Bill 0440
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 440
By the Committee on Fiscal Policy
301-209A-99
1 A bill to be entitled
2 An act relating to the re-creation of the
3 Administrative Trust Fund without modification;
4 re-creating the Administrative 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 Administrative Trust Fund, which is otherwise scheduled to
11 be terminated pursuant to constitutional mandate, and
12 WHEREAS, the Legislature has reviewed the
13 Administrative Trust Fund before its scheduled termination
14 date and has found that it continues to meet an important
15 public purpose, and
16 WHEREAS, the Legislature has found that existing public
17 policy concerning the Administrative Trust Fund sets adequate
18 parameters for 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 Administrative Trust Fund, FLAIR
23 number 44-2-021, which was approved for the Department of
24 Banking and Finance by the Administration Commission pursuant
25 to its prior authority under section 215.32, Florida Statutes,
26 and which is to be terminated pursuant to Section 19(f),
27 Article 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 440
301-209A-99
1 Section 2. This act shall take effect November 4,
2 2000.
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5 SENATE SUMMARY
6 Re-creates the Administrative Trust Fund within the
Department of Banking and Finance.
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