Senate Bill 0608

    Florida Senate - 2000        (NP)                       SB 608

    By Senator Lee





    309-518-00                                              See HB

  1                      A bill to be entitled

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

  3         Florida Public Service Regulatory Trust Fund

  4         within the Florida Public Service Commission

  5         without modification; carrying forward current

  6         balances and continuing current sources and

  7         uses thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Florida Public Service Regulatory Trust Fund within the

11  Florida Public Service Commission, which is otherwise

12  scheduled to be terminated pursuant to constitutional mandate,

13  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 Florida Public Service Regulatory

24  Trust Fund within the Florida Public Service Commission, FLAIR

25  number 61-2-573, which is to be terminated pursuant to Section

26  19(f), Article III of the State Constitution on November 4,

27  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 - 2000        (NP)                       SB 608
    309-518-00                                              See HB




  1         Section 2.  This act shall take effect November 4,

  2  2000.

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  5                          HOUSE SUMMARY

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      Re-creates the Florida Public Service Regulatory Trust
  7    Fund within the Florida Public Service Commission.

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