Senate Bill 0582

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



    Florida Senate - 1999                                   SB 582

    By the Committee on Fiscal Policy





    301-164-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Phosphate Research Trust Fund without

  4         modification; re-creating the Phosphate

  5         Research Trust Fund; carrying forward current

  6         balances and continuing current sources and

  7         uses thereof; providing an effective date.

  8

  9         WHEREAS, the Legislature wishes to extend the life of

10  the Phosphate Research Trust Fund, which is otherwise

11  scheduled to be terminated pursuant to constitutional mandate,

12  and

13         WHEREAS, the Legislature has reviewed the Phosphate

14  Research Trust Fund before its scheduled termination date and

15  has found that it continues to meet an important public

16  purpose, and

17         WHEREAS, the Legislature has found that existing public

18  policy concerning the Phosphate Research Trust Fund sets

19  adequate parameters for 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 Phosphate Research Trust Fund

24  within the Department of Education, FLAIR number 49-2-530,

25  which was created by section 211.3103, Florida Statutes, and

26  which is to be terminated pursuant to Section 19(f), Article

27  III of the State Constitution on November 4, 2000, is

28  re-created.

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

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

31  are continued.

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






    Florida Senate - 1999                                   SB 582
    301-164-99




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

  2  2000.

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  5                          SENATE SUMMARY

  6    Re-creates the Phosphate Research Trust Fund within the
      Department of Education.
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