Senate Bill 0498
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 498
By the Committee on Fiscal Policy
301-280B-99
1 A bill to be entitled
2 An act relating to the re-creation of the
3 Professional Sports Development Trust Fund
4 without modification; re-creating the trust
5 fund; carrying forward current balances and
6 continuing current sources and uses thereof;
7 providing an effective date.
8
9 WHEREAS, the Legislature wishes to extend the life of
10 the Professional Sports Development Trust Fund, which is
11 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,
19
20 Be It Enacted by the Legislature of the State of Florida:
21
22 Section 1. (1) The Professional Sports Development
23 Trust Fund, FLAIR number 79-2-551, which was created within
24 the Office of Tourism, Trade, and Economic Development and
25 which is to be terminated pursuant to Section 19(f), Article
26 III of the State Constitution on November 4, 2000, is
27 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 are
30 continued.
31
1
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 498
301-280B-99
1 Section 2. This act shall take effect November 4,
2 2000.
3
4 *****************************************
5 SENATE SUMMARY
6 Recreates the Professional Sports Development Trust Fund
within the Office of Tourism, Trade, and Economic
7 Development.
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
2