Senate Bill 0640er

    ENROLLED

    2000 Legislature                                        SB 640



  1

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

  3         Arbitrage Compliance Trust Fund within the

  4         State Board of Administration without

  5         modification; carrying forward current balances

  6         and continuing current sources and uses

  7         thereof; providing an effective date.

  8

  9         WHEREAS, the Legislature wishes to extend the life of

10  the Arbitrage Compliance Trust Fund within the State Board of

11  Administration, which is otherwise scheduled to be terminated

12  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,

19

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

21

22         Section 1.  (1)  The Arbitrage Compliance Trust Fund

23  within the State Board of Administration, which is to be

24  terminated pursuant to Section 19(f), Article III of the State

25  Constitution on November 4, 2000, is re-created.

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

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

28  are continued.

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

30  2000.

31


                                  1