Senate Bill 0506er

    ENROLLED

    2000 Legislature                                        SB 506



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  2         An act relating to trust funds; re-creating the

  3         Department of Elderly Affairs Tobacco

  4         Settlement Trust Fund within the department

  5         without modification; carrying forward current

  6         balances and continuing current sources and

  7         uses thereof; repealing s. 430.42(3), F.S.;

  8         abrogating future termination of the trust

  9         fund; providing an effective date.

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11         WHEREAS, the Legislature wishes to extend the life of

12  the Department of Elderly Affairs Tobacco Settlement Trust

13  Fund within the department, which is otherwise scheduled to be

14  terminated pursuant to constitutional mandate, and

15         WHEREAS, the Legislature has reviewed the trust fund

16  before its scheduled termination date and has found that it

17  continues to meet an important public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the trust fund sets adequate parameters for

20  its use, NOW, THEREFORE,

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

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24         Section 1.  (1)  The Department of Elderly Affairs

25  Tobacco Settlement Trust Fund within the department, FLAIR

26  number 65-2-122, which is to be terminated pursuant to Section

27  19(f), Article III of the State Constitution on July 1, 2003,

28  is re-created.

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

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

31  are continued.


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




    ENROLLED

    2000 Legislature                                        SB 506



  1         Section 2.  Subsection (3) of section 430.42, Florida

  2  Statutes, is repealed.

  3         Section 3.  This act shall take effect November 4,

  4  2000.

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