House Bill hb1933

    Florida House of Representatives - 2001                HB 1933

        By the Fiscal Responsibility Council and Representative
    Lacasa





  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         121.467, F.S.; creating the Public Employee

  4         Disability Trust Fund within the Division of

  5         Retirement of the Department of Management

  6         Services; providing for sources of moneys and

  7         purposes; providing for exemption from the

  8         general revenue service charges; providing for

  9         annual carryforward of funds; providing for

10         future review and termination or re-creation of

11         the trust fund; providing an effective date.

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

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15         Section 1.  Section 121.467, Florida Statutes, is

16  created to read:

17         121.467  Public Employee Disability Trust Fund.--

18         (1)  The Public Employee Disability Trust Fund is

19  created within the Division of Retirement of the Department of

20  Management Services. Funds shall be credited to the trust fund

21  as provided in this part, to be used for the purposes of this

22  part. The trust fund is exempt from the service charges

23  imposed by s. 215.20.

24         (2)  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         (3)  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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CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 2001                HB 1933

    187-877A-01






  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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  6                          HOUSE SUMMARY

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      Creates the Public Employee Disability Trust Fund within
  8    the Division of Retirement of the Department of
      Management Services. Provides for sources of moneys and
  9    purposes. Provides for exemption from the general revenue
      service charges. Provides for annual carryforward of
10    funds. Provides for future review and termination or
      re-creation of the trust fund.
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CODING: Words stricken are deletions; words underlined are additions.