Senate Bill 0560

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



    Florida Senate - 1999                                   SB 560

    By the Committee on Fiscal Policy





    301-239A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Textbook Bid Trust Fund without modification;

  4         re-creating the Textbook Bid Trust Fund;

  5         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 Textbook Bid Trust Fund, which is otherwise scheduled to

11  be terminated pursuant to constitutional mandate, and

12         WHEREAS, the Legislature has reviewed the Textbook Bid

13  Trust Fund before its scheduled termination date and has found

14  that it continues to meet an important public purpose, and

15         WHEREAS, the Legislature has found that existing public

16  policy concerning the Textbook Bid Trust Fund sets adequate

17  parameters for its use, NOW, THEREFORE,

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

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21         Section 1.  (1)  The Textbook Bid Trust Fund, FLAIR

22  number 48-2-730, which was created within the Department of

23  Education and which is to be terminated pursuant to Section

24  19(f), Article III of the State Constitution on November 4,

25  2000, is re-created.

26         (2)  All current balances of the trust fund are carried

27  forward, and all current sources and uses of the trust fund

28  are continued.

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

30  2000.

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






    Florida Senate - 1999                                   SB 560
    301-239A-99




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  2                          SENATE SUMMARY

  3    Re-creates the Textbook Bid Trust Fund within the
      Department of Education.
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