Senate Bill sb1624er

    ENROLLED

    2001 Legislature                         CS for CS for SB 1624



  1                                 

  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:

11  

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


                                  1

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




    ENROLLED

    2001 Legislature                         CS for CS for SB 1624



  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.

14  

15  

16  

17  

18  

19  

20  

21  

22  

23  

24  

25  

26  

27  

28  

29  

30  

31  


                                  2

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