Senate Bill 0496
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 496
By the Committee on Fiscal Policy
301-282A-99
1 A bill to be entitled
2 An act relating to the re-creation of the Black
3 Contractors Bond Trust Fund without
4 modification; re-creating the 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 Black Contractors Bond Trust Fund, which is otherwise
11 scheduled to be terminated pursuant to constitutional mandate,
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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 Black Contractors Bond Trust Fund,
23 FLAIR number 31-2-056, which was created within the Executive
24 Office of the Governor and which is to be terminated pursuant
25 to Section 19(f), Article III of the State Constitution on
26 November 4, 2000, is re-created.
27 (2) All current balances of the trust fund are carried
28 forward and all current sources and uses of the trust fund are
29 continued.
30 Section 2. This act shall take effect November 4,
31 2000.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 496
301-282A-99
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2 SENATE SUMMARY
3 Recreates the Black Contractors Bond Trust Fund within
the Executive Office of the Governor.
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