Senate Bill sb1624c2

    Florida Senate - 2001                    CS for CS for SB 1624

    By the Committees on Appropriations; Commerce and Economic
    Opportunities; and Senator King




    309-1962-01

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Welfare Transition Trust Fund within the Agency

  4         for Workforce Innovation; providing for sources

  5         of moneys and purposes; providing for annual

  6         carryforward of funds; providing for future

  7         review and termination or re-creation of the

  8         trust fund; providing an effective date.

  9

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

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12         Section 1.  Welfare Transition Trust Fund.--

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

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

15  Workforce Innovation. Funds shall be credited to the trust

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

17  program set forth in ss. 445.017-445.032, Florida Statutes.

18         (2)  The intent of the Welfare Transition Trust Fund is

19  to support the welfare transition program, including diversion

20  services, employment and related services, transition

21  services, and support services.

22         (3)  Funds budgeted for the welfare transition program

23  may be appropriated to the Welfare Transition Trust Fund for

24  implementation of welfare transition services. Additional

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

26  including incentive funds earned by the state for purposes of

27  this section.

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

29  fund shall be invested pursuant to s. 18.125, Florida

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

31  the benefit of the welfare transition program. Notwithstanding

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






    Florida Senate - 2001                    CS for CS for SB 1624
    309-1962-01




  1  s. 216.301, Florida Statutes, and pursuant to s. 216.351,

  2  Florida Statutes, any undisbursed balance remaining in the

  3  trust fund and interest accruing to the trust fund not

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

  5  trust fund and shall increase the total funds available to

  6  implement the welfare transition program.

  7         (5)  Pursuant to the provisions of s. 19(f)(2), Art.

  8  III of the State Constitution, the Welfare Transition Trust

  9  Fund shall, unless terminated sooner, be terminated on July

10  1,2005. Prior to its scheduled termination, the trust fund

11  shall be reviewed as provided in s. 215.3206(1) and (2),

12  Florida Statutes.

13         Section 2.  This act shall take effect July  1, 2001.

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15          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
16                          CS for SB 1624

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    -     Deletes a general reference to ch. 455, F.S., and cites
19        specific statutory sections s. 445.017 - 445.032, F.S.,
          for describing the purposes of the Welfare Transition
20        Program.

21  -     Deletes language specifying that the anticipated source
          of funds for the Welfare Transition Trust Fund is the
22        federal Temporary Assistance for Needy Families (TANF)
          block grant, and specifies that funds budgeted for the
23        Welfare Transition Program may be appropriated to the
          trust fund.
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CODING: Words stricken are deletions; words underlined are additions.