Senate Bill 1592

    Florida Senate - 2000        (NP)                      SB 1592

    By the Committee on Education





    304-1526-00

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Charter School Capital Outlay Trust Fund;

  4         providing for recommendations for repeal or

  5         re-creation of the trust fund; providing

  6         procedures for termination of the trust fund;

  7         providing a contingent effective date.

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

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11         Section 1.  The Charter School Capital Outlay Trust

12  Fund is created.

13         Section 2.  (1)  Pursuant to the provisions of Section

14  19(f)(2) of Article III of the State Constitution, the Charter

15  School Capital Outlay Trust Fund shall, unless terminated

16  sooner, be terminated on July 1, 2004.

17         (2)  Prior to the regular legislative session

18  immediately preceding the date on which the trust fund is

19  scheduled to be terminated, the Department of Education and

20  the Governor shall recommend to the President of the Senate

21  and the Speaker of the House of Representatives whether the

22  trust fund should be allowed to terminate or should be

23  re-created. These recommendations shall be based on a review

24  of the purpose and use of the trust fund and a determination

25  of whether the trust fund will continue to be necessary. A

26  recommendation to re-create the trust fund may include

27  suggested modifications to the purposes of, sources of

28  receipts for, and allowable expenditures from the trust fund.

29  The department's recommendation shall be made as a part of its

30  legislative budget request to the Legislature pursuant to

31  section 216.023, Florida Statutes. The Governor's

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






    Florida Senate - 2000        (NP)                      SB 1592
    304-1526-00




  1  recommendation shall be made as part of the recommended budget

  2  presented to the Legislature pursuant to section 216.162,

  3  Florida Statutes.

  4         (3)  If the trust fund is terminated, the Department of

  5  Education shall pay any outstanding debts or obligations of

  6  the trust fund as soon as practicable and the Comptroller

  7  shall close out and remove the trust fund from the state

  8  accounting systems, using generally accepted accounting

  9  practices concerning warrants outstanding, assets, and

10  liabilities.

11         Section 3.  This act shall take effect upon becoming a

12  law, but it shall not take effect unless it is enacted by a

13  three-fifths vote of the membership of each house of the

14  Legislature.

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17                          SENATE SUMMARY

18    Creates the Charter School Capital Outlay Trust Fund and
      provides for its termination. Requires the Governor and
19    the Department of Education to make certain
      recommendations to the Legislature prior to its
20    termination. Requires certain actions to be taken by the
      department if the trust fund is terminated.
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