Senate Bill 0572

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



    Florida Senate - 1999                                   SB 572

    By the Committee on Fiscal Policy





    301-165-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the State

  3         University System Concurrency Trust Fund

  4         without modification; re-creating the State

  5         University System Concurrency Trust Fund;

  6         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 State University System Concurrency Trust Fund, which is

12  otherwise scheduled to be terminated pursuant to

13  constitutional mandate, and

14         WHEREAS, the Legislature has reviewed the State

15  University System Concurrency Trust Fund before its scheduled

16  termination date and has found that it continues to meet an

17  important public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the State University System Concurrency

20  Trust Fund sets adequate parameters for its use, NOW,

21  THEREFORE,

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

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25         Section 1.  (1)  The State University System

26  Concurrency Trust Fund within the Department of Education,

27  FLAIR number 49-2-682, which was created by section 240.156,

28  Florida Statutes, and which is to be terminated pursuant to

29  Section 19(f), Article III of the State Constitution on

30  November 4, 2000, is re-created.

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






    Florida Senate - 1999                                   SB 572
    301-165-99




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

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

  3  are continued.

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

  5  2000.

  6

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  8                          SENATE SUMMARY

  9    Re-creates the State University System Concurrency Trust
      Fund.
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