Senate Bill sb1720er
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2001 Legislature CS for SB 1720
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2 An act relating to trust funds; creating s.
3 20.505, F.S.; creating the Administrative Trust
4 Fund within the Agency for Workforce
5 Innovation; providing for sources of funds and
6 purposes; providing for annual carryforward of
7 funds; providing for future review and
8 termination or re-creation of the trust fund;
9 providing an 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. Section 20.505, Florida Statutes, is
14 created to read:
15 20.505 Administrative Trust Fund of the Agency for
16 Workforce Innovation.--
17 (1) The Administrative Trust Fund is created within
18 the Agency for Workforce Innovation.
19 (2) Funds shall be used for the purpose of supporting
20 the administrative functions of the agency as required by law,
21 pursuant to legislative appropriation or an approved amendment
22 to the agency's operating budget pursuant to the provisions of
23 chapter 216.
24 (3) Notwithstanding the provisions of s. 216.301 and
25 pursuant to s. 216.351, any balance in the trust fund at the
26 end of any fiscal year shall remain in the trust fund at the
27 end of the year and shall be available for carrying out the
28 purposes of the trust fund.
29 (4) Pursuant to the provisions of s. 19(f)(2), Art.
30 III of the State Constitution, the trust fund shall, unless
31 terminated sooner, be terminated on July 1, 2005. Prior to its
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2001 Legislature CS for SB 1720
1 scheduled termination, the trust fund shall be reviewed as
2 provided in s. 215.3206(1) and (2).
3 Section 2. This act shall take effect July 1, 2001.
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