Senate Bill 0514

    Florida Senate - 1999                                   SB 514

    By the Committee on Fiscal Policy





    301-160A-99

  1                      A bill to be entitled

  2         An act terminating specified trust funds and

  3         fund accounts within the Executive Office of

  4         the Governor; providing for disposition of

  5         balances in and revenues of such trust funds

  6         and fund accounts; prescribing procedures for

  7         the termination of such trust funds and fund

  8         accounts; repealing s. 215.195, F.S., relating

  9         to the State-Federal Relations Trust Fund;

10         providing an effective date.

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

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14         Section 1.  (1)  The following trust funds and fund

15  accounts within the Executive Office of the Governor are

16  terminated:

17         (a)  The Hurricane Andrew Recovery and Rebuilding Trust

18  Fund, FLAIR number 31-2-205.

19         (b)  The State-Federal Relations Trust Fund, FLAIR

20  number 31-2-690.

21         (2)  Unless otherwise provided, all current balances

22  remaining in, and all revenues of, the trust funds terminated

23  by this act shall be transferred to the General Revenue Fund.

24         (3)  For each trust fund and fund account terminated by

25  this act, the agency or branch that administers the trust fund

26  or fund account shall pay any outstanding debts and

27  obligations of the terminated fund or account as soon as

28  practicable, and the Comptroller shall close out and remove

29  the terminated fund or account from the various state

30  accounting systems using generally accepted accounting

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






    Florida Senate - 1999                                   SB 514
    301-160A-99




  1  principles concerning warrants outstanding, assets, and

  2  liabilities.

  3         Section 2.  Section 215.195, Florida Statutes, is

  4  repealed.

  5         Section 3.  This act shall take effect July 1, 1999.

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  8                          SENATE SUMMARY

  9    Terminates various trust funds and fund accounts within
      the Executive Office of the Governor.
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