Senate Bill 0596

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



    Florida Senate - 1999                                   SB 596

    By the Committee on Fiscal Policy





    301-162-99

  1                      A bill to be entitled

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

  3         of Regents Operations and Maintenance Trust

  4         Fund without modification; re-creating the

  5         Board of Regents Operations and Maintenance

  6         Trust Fund; carrying forward current balances

  7         and continuing current sources and uses

  8         thereof; providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Board of Regents Operations and Maintenance Trust Fund,

12  which is otherwise scheduled to be terminated pursuant to

13  constitutional mandate, and

14         WHEREAS, the Legislature has reviewed the Board of

15  Regents Operations and Maintenance Trust Fund before its

16  scheduled termination date and has found that it continues to

17  meet an important public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the Board of Regents Operations and

20  Maintenance Trust Fund sets adequate parameters for its use,

21  NOW, 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 Board of Regents Operations and

26  Maintenance Trust Fund, FLAIR number 49-2-516, which was

27  created within the Department of Education and which is to be

28  terminated pursuant to Section 19(f), Article III of the State

29  Constitution on November 4, 2000, is re-created.

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






    Florida Senate - 1999                                   SB 596
    301-162-99




  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 Board of Regents Operations and
      Maintenance Trust Fund.
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