Senate Bill 0558
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 558
By the Committee on Fiscal Policy
301-151A-99
1 A bill to be entitled
2 An act relating to the re-creation of the
3 Student Loan Guaranty Reserve Fund without
4 modification; re-creating the Student Loan
5 Guaranty Reserve Fund; carrying forward current
6 balances and continuing current sources and
7 uses thereof; providing an effective date.
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9 WHEREAS, the Legislature wishes to extend the life of
10 the Student Loan Guaranty Reserve Fund, which is otherwise
11 scheduled to be terminated pursuant to constitutional mandate,
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13 WHEREAS, the Legislature has reviewed the fund before
14 its scheduled termination date and has found that it continues
15 to meet an important public purpose, and
16 WHEREAS, the Legislature has found that existing public
17 policy concerning the fund sets adequate parameters for its
18 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 Student Loan Guaranty Reserve Fund
23 within the Department of Education, FLAIR number 48-2-718,
24 which was created by section 240.431, Florida Statutes, 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 fund are carried
29 forward, and all current sources and uses of the trust fund
30 are continued.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 SB 558
301-151A-99
1 Section 2. This act shall take effect November 4,
2 2000.
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5 SENATE SUMMARY
6 Re-creates the Student Loan Guaranty Reserve Fund within
the Department of Education.
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