Senate Bill 0594

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



    Florida Senate - 1999                                   SB 594

    By the Committee on Fiscal Policy





    301-167-99

  1                      A bill to be entitled

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

  3         Fund for Major Gifts without modification;

  4         re-creating the Trust Fund for Major Gifts;

  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 Trust Fund for Major Gifts, which is otherwise scheduled

11  to be terminated pursuant to constitutional mandate, and

12         WHEREAS, the Legislature has reviewed the Trust Fund

13  for Major Gifts before its scheduled termination date and has

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

15  and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the Trust Fund for Major Gifts sets adequate

18  parameters for its 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 Trust Fund for Major Gifts within

23  the Department of Education, FLAIR number 49-2-483, which was

24  created by section 240.2605, Florida Statutes, and which is to

25  be terminated pursuant to Section 19(f), Article III of the

26  State Constitution on November 4, 2000, is re-created.

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

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

29  are continued.

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

31  2000.

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






    Florida Senate - 1999                                   SB 594
    301-167-99




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  2                          SENATE SUMMARY

  3    Re-creates the Trust Fund for Major Gifts within the
      Department of Education.
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