House Bill hb1685

    Florida House of Representatives - 2001                HB 1685

        By Representative Slosberg






  1                      A bill to be entitled

  2         An act relating to proceeds from the tobacco

  3         settlement; amending s. 569.21, F.S.; requiring

  4         that the Comptroller receive representations

  5         from the tobacco industry which are used to

  6         calculate the annual payments; requiring the

  7         Comptroller to verify such representations;

  8         requiring that the Auditor General review the

  9         verification of representations from the

10         tobacco industry; redesignating the Comptroller

11         as the Chief Financial Officer to conform to a

12         revision of the State Constitution; providing

13         effective dates.

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

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17         Section 1.  Present subsections (2) through (12) of

18  section 569.21, Florida Statutes, are redesignated as

19  subsections (3) through (13), respectively, and a new

20  subsection (2) is added to that section, to read:

21         569.21  Expenditure of tobacco settlement

22  proceeds.--The following guidelines shall be applied to the

23  expenditure of all funds paid to the State of Florida as a

24  result of litigation entitled The State of Florida et al. v.

25  American Tobacco Company et al., Case #95-1466AH, in the

26  Circuit Court of the Fifteenth Judicial Circuit, in and for

27  Palm Beach County:

28         (2)  The Comptroller shall receive representations from

29  the tobacco industry with respect to calculating the annual

30  tobacco-settlement payments. The Comptroller, in consultation

31  with the Attorney General and the Governor's Office of

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






    Florida House of Representatives - 2001                HB 1685

    797-110-01






  1  Planning and Budgeting, shall verify the representations from

  2  the tobacco industry and appropriately resolve

  3  inconsistencies. The Comptroller, with the advice of the

  4  Attorney General, may obtain contractual services necessary to

  5  verify the representations from the tobacco industry. The

  6  Auditor General shall annually review the Comptroller's

  7  verification of the representations from the tobacco industry.

  8         Section 2.  Effective January 7, 2003, subsection (2)

  9  of section 569.21, Florida Statutes, as amended by this act,

10  is amended to read:

11         569.21  Expenditure of tobacco settlement

12  proceeds.--The following guidelines shall be applied to the

13  expenditure of all funds paid to the State of Florida as a

14  result of litigation entitled The State of Florida et al. v.

15  American Tobacco Company et al., Case #95-1466AH, in the

16  Circuit Court of the Fifteenth Judicial Circuit, in and for

17  Palm Beach County:

18         (2)  The Chief Financial Officer Comptroller shall

19  receive representations from the tobacco industry with respect

20  to calculating the annual tobacco-settlement payments. The

21  Chief Financial Officer Comptroller, in consultation with the

22  Attorney General and the Governor's Office of Planning and

23  Budgeting, shall verify the representations from the tobacco

24  industry and appropriately resolve inconsistencies. The Chief

25  Financial Officer Comptroller, with the advice of the Attorney

26  General, may obtain contractual services necessary to verify

27  the representations from the tobacco industry. The Auditor

28  General shall annually review the Chief Financial Officer's

29  Comptroller's verification of the representations from the

30  tobacco industry.

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






    Florida House of Representatives - 2001                HB 1685

    797-110-01






  1         Section 3.  Except as otherwise expressly provided in

  2  this act, this act shall take effect upon becoming a law.

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  5                          SENATE SUMMARY

  6    Requires that the Comptroller verify representations from
      the tobacco industry which are used to calculate the
  7    annual payments made to the state by the tobacco
      industry. Requires that the verification be annually
  8    reviewed by the Auditor General. Redesignates the
      Comptroller as the Chief Financial Officer to conform to
  9    a revision of the State Constitution.

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