Senate Bill sb0558

    Florida Senate - 2001        (NP)                       SB 558

    By Senator Clary





    309-243-01                                              See HB

  1                      A bill to be entitled

  2         An act relating to trust funds; re-creating the

  3         Florida Facilities Pool Working Capital Trust

  4         Fund within the Department of Management

  5         Services without modification and placing it on

  6         the standard review cycle; carrying forward

  7         current balances and continuing current sources

  8         and uses thereof; providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Florida Facilities Pool Working Capital Trust Fund within

12  the Department of Management Services, which is otherwise

13  scheduled to be terminated pursuant to constitutional mandate,

14  and

15         WHEREAS, the Legislature has reviewed the trust fund

16  before its scheduled termination date and has found that it

17  continues to meet an important public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the trust fund sets adequate parameters for

20  its use, NOW, THEREFORE,

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

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24         Section 1.  (1)  The Florida Facilities Pool Working

25  Capital Trust Fund within the Department of Management

26  Services, FLAIR number 72-2-225, which is to be terminated

27  pursuant to Section 19(f), Article III of the State

28  Constitution in 2005, unless terminated sooner by law, is

29  terminated on November 4, 2004, and re-created.

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






    Florida Senate - 2001        (NP)                       SB 558
    309-243-01                                              See HB




  1         (2)  All current balances of the trust fund are carried

  2  forward, and all current sources and uses of the trust fund

  3  are continued.

  4         Section 2.  This act shall take effect November 4,

  5  2004.

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  8                       LEGISLATURE SUMMARY

  9    Re-creates the Florida Facilities Pool Working Capital
      Trust Fund within the Department of Management Services
10    and places it on the standard review cycle.

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