Senate Bill 0356

    Florida Senate - 2000                                   SB 356

    By Senator King





    8-346-00

  1                      A bill to be entitled

  2         An act relating to the Lawton Chiles Endowment

  3         Fund; amending s. 215.5601, F.S.; providing for

  4         the allocation of moneys in the fund for health

  5         and human services programs and for biomedical

  6         research programs; providing an effective date.

  7

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

  9

10         Section 1.  Subsection (6) of section 215.5601, Florida

11  Statutes, is amended to read:

12         215.5601  Lawton Chiles Endowment Fund.--

13         (6)  AVAILABILITY OF FUNDS.--

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

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

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

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

18  following, based on earnings averaged over 3 years:

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

20  spending representing earnings at a rate of 3 percent.

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

22  spending representing earnings at a rate of 4 percent.

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

24  spending representing earnings at a rate of 5 percent.

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

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

27  percent.

28         (b)  Notwithstanding the provisions of s. 216.301 and

29  pursuant to s. 216.351, all unencumbered balances of

30  appropriations as of June 30 or undisbursed balances as of

31  December 31 shall revert to the endowment's principal.

                                  1

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






    Florida Senate - 2000                                   SB 356
    8-346-00




  1         (c)  Funds from the endowment available in accordance

  2  with paragraph (a) shall be appropriated on the basis of 50

  3  percent for health and human services programs and 50 percent

  4  for biomedical research programs.

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

  6

  7            *****************************************

  8                          SENATE SUMMARY

  9    Provides that appropriations from the Lawton Chiles
      Endowment Fund be allocated 50 percent for health and
10    human services programs and 50 percent for biomedical
      research programs.
11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  2