Senate Bill sb1624c1

    Florida Senate - 2001                           CS for SB 1624

    By the Committee on Commerce and Economic Opportunities; and
    Senator King




    310-1723-01

  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.

10

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

12

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 chapter 445, Florida Statutes.

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

20  is to support the welfare transition program, including

21  diversion services, employment and related services,

22  transition services, and support services.

23         (3)  Funds budgeted for the welfare transition program

24  from the Temporary Assistance for Needy Families block grant

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                           CS for SB 1624
    310-1723-01




  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.

19

20          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
21                         Senate Bill 1624

22

23  The committee substitute differs from the bill by:

24  --    Using a general reference to ch. 445, F.S., in
          describing the state's welfare transition program,
25        rather than citing specific statutory sections, thus
          accommodating future changes to the program.
26
    --    Specifying that the anticipated source of funds for the
27        Welfare Transition Trust Fund is the federal Temporary
          Assistance for Needy Families (TANF) block grant.
28

29

30

31

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