Senate Bill sb1624

    Florida Senate - 2001                                  SB 1624

    By Senator King





    8-850-01

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Welfare Transition Trust Fund to be

  4         administered by the Agency for Workforce

  5         Innovation; providing for sources of moneys and

  6         purposes; providing for disposition of trust

  7         fund balances; providing for future review and

  8         termination or re-creation of the trust fund;

  9         providing a contingent effective date.

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

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13         Section 1.  Welfare Transition Trust Fund.--

14         (1)  The Welfare Transition Trust Fund is created in

15  the State Treasury, to be administered by the Agency for

16  Workforce Innovation. Funds shall be credited to the trust

17  fund to be used for the purposes of the welfare transition

18  program set forth in sections 445.017-445.032, Florida

19  Statutes.

20         (2)  The purpose of the Welfare Transition Trust Fund

21  is to support the welfare transition program, including

22  diversion services, employment and related services,

23  transition services, and support services.

24         (3)  Funds budgeted for the welfare transition program

25  may be appropriated to the Welfare Transition Trust Fund for

26  implementation of welfare transition services. Additional

27  funds may be placed in the Welfare Transition Trust Fund,

28  including incentive funds earned by the state, for purposes of

29  this section.

30         (4)  All funds transferred to and retained in the trust

31  fund shall be invested pursuant to section 18.125, Florida

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






    Florida Senate - 2001                                  SB 1624
    8-850-01




  1  Statutes. Any interest accruing to the trust fund shall be for

  2  the benefit of the welfare transition program. Notwithstanding

  3  section 216.301, Florida Statutes, and pursuant to section

  4  216.351, Florida Statutes, any undisbursed balance remaining

  5  in the trust fund and interest accruing to the trust fund not

  6  distributed at the end of the fiscal year shall remain in the

  7  trust fund and shall increase the total funds available to

  8  implement the welfare transition program.

  9         Section 2.  Under the provisions of Section 19(f)(2),

10  Article III of the State Constitution, the Welfare Transition

11  Trust Fund shall, unless terminated sooner, be terminated on

12  July 1, 2005. Prior to its scheduled termination, the trust

13  fund shall be reviewed as provided in section 215.3206(1) and

14  (2), Florida Statutes.

15         Section 3.  This act shall take effect July 1, 2001,

16  but it shall not take effect unless it is enacted by at least

17  a three-fifths vote of the membership of each house of the

18  Legislature.

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20            *****************************************

21                          SENATE SUMMARY

22    Creates the Welfare Transition Trust Fund to be
      administered by the Agency for Workforce Innovation.
23    Provides for sources of moneys and purposes. Provides for
      annual carryforward of funds. Provides for future review
24    and termination or re-creation of the trust fund.

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