Senate Bill 0620

    Florida Senate - 2000        (NP)                       SB 620

    By Senator Lee





    309-524-00                                              See HB

  1                      A bill to be entitled

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

  3         Ringling Museum Investment Trust Fund within

  4         the Department of State without modification;

  5         carrying forward current balances and

  6         continuing current sources and uses thereof;

  7         providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Ringling Museum Investment Trust Fund within the

11  Department of State, which is otherwise scheduled to be

12  terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the trust fund

14  before its scheduled termination date and has found that it

15  continues to meet an important public purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the trust fund sets adequate parameters for

18  its use, NOW, THEREFORE,

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

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22         Section 1.  (1)  The Ringling Museum Investment Trust

23  Fund within the Department of State, FLAIR number 45-2-411,

24  which is to be terminated pursuant to Section 19(f), Article

25  III of the State Constitution on November 4, 2000, is

26  re-created.

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

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

29  are continued.

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

31  2000.

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






    Florida Senate - 2000        (NP)                       SB 620
    309-524-00                                              See HB




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  2                          HOUSE SUMMARY

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      Re-creates the Ringling Museum Investment Trust Fund
  4    within the Department of State.

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