Senate Bill 0648

    Florida Senate - 1999                                   SB 648

    By the Committee on Fiscal Policy





    301-168A-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Minerals Trust Fund without modification;

  4         re-creating the trust fund; carrying forward

  5         current balances and continuing current sources

  6         and uses thereof; repealing s. 2, ch. 94-198,

  7         Laws of Florida, as amended; abrogating

  8         provisions relating to the termination of the

  9         trust fund; providing an effective date.

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11         WHEREAS, the Legislature wishes to extend the life of

12  the Minerals Trust Fund, which is otherwise scheduled to be

13  terminated pursuant to constitutional mandate, and

14         WHEREAS, the Legislature has reviewed the trust fund

15  before its scheduled termination date and has found that it

16  continues to meet an important public purpose, and

17         WHEREAS, the Legislature has found that existing public

18  policy concerning the trust fund sets adequate parameters for

19  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 Minerals Trust Fund, FLAIR number

24  37-2-499, which was created within the Department of

25  Environmental Protection and which is to be terminated

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

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

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

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

30  are continued.

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






    Florida Senate - 1999                                   SB 648
    301-168A-99




  1         Section 2.  Effective upon this act becoming a law,

  2  section 2 of chapter 94-198, Laws of Florida, as amended by

  3  section 73 of chapter 96-321, Laws of Florida, is repealed.

  4         Section 3.  Except as otherwise provided in this act,

  5  this act shall take effect November 4, 2000.

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  8                          SENATE SUMMARY

  9    Re-creates the Minerals Trust Fund within the Department
      of Environmental Protection.
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