Senate Bill 0554

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



    Florida Senate - 1999                                   SB 554

    By the Committee on Fiscal Policy





    301-148B-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Facilities Construction Administrative Trust

  4         Fund without modification; re-creating the

  5         Facilities Construction Administrative Trust

  6         Fund; carrying forward current balances and

  7         continuing current sources and uses thereof;

  8         providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Facilities Construction Administrative Trust Fund, which

12  is otherwise scheduled to be terminated pursuant to

13  constitutional mandate, and

14         WHEREAS, the Legislature has reviewed the trust fund

15  before its scheduled termination date and has found that it

16  continues to meet an important public purpose, and

17         WHEREAS, the Legislature has found that existing public

18  policy concerning the trust fund sets adequate parameters for

19  its use, NOW, THEREFORE,

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

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23         Section 1.  (1)  The Facilities Construction

24  Administrative Trust Fund, FLAIR number 48-2-222, which was

25  created within the Department of Education and which is to be

26  terminated pursuant to Section 19(f), Article III of the State

27  Constitution on November 4, 2000, is 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.

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






    Florida Senate - 1999                                   SB 554
    301-148B-99




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

  2  2000.

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  5                          SENATE SUMMARY

  6    Re-creates the Facilities Construction Administrative
      Trust Fund within the Department of Education.
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