Senate Bill 0456

    Florida Senate - 1999                                   SB 456

    By the Committee on Fiscal Policy





    301-254A-99

  1                      A bill to be entitled

  2         An act relating to trust funds; re-creating the

  3         Pari-mutuel Wagering Trust Fund within the

  4         Department of Business and Professional

  5         Regulation without modification; carrying

  6         forward current balances and continuing current

  7         sources and uses thereof; providing an

  8         effective date.

  9

10         WHEREAS, the Legislature wishes to extend the life of

11  the Pari-mutuel Wagering Trust Fund within the Department of

12  Business and Professional Regulation, which is otherwise

13  scheduled to be terminated pursuant to constitutional mandate,

14  and

15         WHEREAS, the Legislature has reviewed the Pari-mutuel

16  Wagering Trust Fund within the Department of Business and

17  Professional Regulation before its scheduled termination date

18  and has found that it continues to meet an important public

19  purpose, and

20         WHEREAS, the Legislature has found that existing public

21  policy concerning the Pari-mutuel Wagering Trust Fund within

22  the Department of Business and Professional Regulation sets

23  adequate parameters for its use, NOW, THEREFORE,

24

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

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27         Section 1.  (1)  The Pari-mutuel Wagering Trust Fund

28  within the Department of Business and Professional Regulation,

29  FLAIR number 79-2-520, which was created by section 550.135,

30  Florida Statutes, and which is to be terminated pursuant to

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






    Florida Senate - 1999                                   SB 456
    301-254A-99




  1  Section 19(f), Article III of the State Constitution on

  2  November 4, 2000, is re-created.

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

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

  5  are continued.

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

  7  2000.

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10                          SENATE SUMMARY

11    Re-creates the Pari-mutuel Wagering Trust Fund within the
      Department of Business and Professional Regulation.
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