House Bill 0253

    Florida House of Representatives - 2000                 HB 253

        By Representative Fasano






  1                      A bill to be entitled

  2         An act relating to the Lawton Chiles Endowment

  3         Fund; amending s. 215.5601, F.S.; requiring

  4         funds of the endowment to be appropriated on an

  5         equal basis between the health and human

  6         services programs and the biomedical research

  7         programs; providing an 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.  Paragraph (a) of subsection (6) of section

12  215.5601, Florida Statutes, is amended to read:

13         215.5601  Lawton Chiles Endowment Fund.--

14         (6)  AVAILABILITY OF FUNDS.--

15         (a)  Funds from the endowment shall not be available

16  for appropriation to a state agency until July 1, 2000.

17  Beginning July 1, 2000, the maximum annual amount of endowment

18  funds that may be appropriated shall be in accordance with the

19  following, based on earnings averaged over 3 years:

20         1.  Beginning July 1, 2000, no more than a level of

21  spending representing earnings at a rate of 3 percent.

22         2.  Beginning July 1, 2001, no more than a level of

23  spending representing earnings at a rate of 4 percent.

24         3.  Beginning July 1, 2002, no more than a level of

25  spending representing earnings at a rate of 5 percent.

26         4.  Beginning July 1, 2003, and thereafter, no more

27  than a level of spending representing earnings at a rate of 6

28  percent.

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30  Funds from the endowment available for appropriation under

31  this paragraph shall be appropriated on an equal basis between

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






    Florida House of Representatives - 2000                 HB 253

    565-173-00






  1  the health and human services programs and the biomedical

  2  research programs.

  3         Section 2.  This act shall take effect July 1, 2000.

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  6                          HOUSE SUMMARY

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      Requires funds of the Lawton Chiles Endowment Fund to be
  8    appropriated on an equal basis between the health and
      human services programs and the biomedical research
  9    programs.

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