Senate Bill 0598

    Florida Senate - 1999                                   SB 598

    By the Committee on Fiscal Policy





    301-166-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Division of Universities Facility Construction

  4         Administrative Trust Fund without modification;

  5         re-creating the Division of Universities

  6         Facility Construction Administrative Trust

  7         Fund; carrying forward current balances and

  8         continuing current sources and uses thereof;

  9         providing an effective date.

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11         WHEREAS, the Legislature wishes to extend the life of

12  the Division of Universities Facility Construction

13  Administrative Trust Fund, which is otherwise scheduled to be

14  terminated pursuant to constitutional mandate, and

15         WHEREAS, the Legislature has reviewed the Division of

16  Universities Facility Construction Administrative Trust Fund

17  before its scheduled termination date and has found that it

18  continues to meet an important public purpose, and

19         WHEREAS, the Legislature has found that existing public

20  policy concerning the Division of Universities Facility

21  Construction Administrative Trust Fund sets adequate

22  parameters for its use, NOW, THEREFORE,

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

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26         Section 1.  (1)  The Division of Universities Facility

27  Construction Administrative Trust Fund, FLAIR number 49-2-222,

28  which was created within the Department of Education and which

29  is to be terminated pursuant to Section 19(f), Article III of

30  the State 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 598
    301-166-99




  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.

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  8                          SENATE SUMMARY

  9    Re-creates the Division of Universities Facility
      Construction Administrative Trust Fund.
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