Senate Bill 0510

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



    Florida Senate - 1999                                   SB 510

    By the Committee on Fiscal Policy





    301-290A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Economic Development Transportation 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.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Economic Development Transportation 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,

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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 Economic Development

23  Transportation Trust Fund, FLAIR number 31-2-175, which was

24  created within the Executive Office of the Governor and which

25  is to be terminated pursuant to Section 19(f), Article III of

26  the State Constitution on 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 510
    301-290A-99




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  2                          SENATE SUMMARY

  3    Recreates the Economic Development Transportation Trust
      Fund within the Executive Office of the Governor.
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