Senate Bill 0450
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 450
By the Committee on Fiscal Policy
301-217A-99
1 A bill to be entitled
2 An act relating to the re-creation of the
3 Comptroller's Federal Equitable Sharing Trust
4 Fund without modification; re-creating the
5 trust fund; carrying forward current balances
6 and continuing current sources and uses
7 thereof; providing an effective date.
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9 WHEREAS, the Legislature wishes to extend the life of
10 the Comptroller's Federal Equitable Sharing Trust Fund, which
11 is 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 Comptroller's Federal Equitable
23 Sharing Trust Fund within the Department of Banking and
24 Finance, FLAIR number 44-2-719, which was created by section
25 17.43, Florida Statutes, 1998 Supplement, and which is to be
26 terminated pursuant to Section 19(f), Article III of the State
27 Constitution on July 1, 2002, 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.
31 Section 2. This act shall take effect July 1, 2002.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 450
301-217A-99
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2 SENATE SUMMARY
3 Recreates the Comptroller's Federal Equitable Sharing
Trust Fund within the Department of Banking and Finance.
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