Senate Bill sb0930

    Florida Senate - 2001                                   SB 930

    By Senators Clary, Dyer, Sullivan and Miller





    7-379-01                                                See HB

  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         236.12265, F.S.; creating the Florida School

  4         Improvement Academic Trust Fund within the

  5         Department of Education; providing sources of

  6         funds; specifying uses of funds; providing for

  7         annual carryforward of funds; providing for

  8         future review and termination or re-creation of

  9         the trust fund; providing a contingent

10         effective date.

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

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14         Section 1.  Section 236.12265, Florida Statutes, is

15  created to read:

16         236.12265 Florida School Improvement Academic Trust

17  Fund.--

18         (1)  The Florida School Improvement Academic Trust Fund

19  is hereby created, to be administered by the Department of

20  Education.

21         (2)  Funds to be credited to the trust fund shall

22  consist of funds appropriated annually by the Legislature and

23  interest earnings. Such funds shall be used solely for the

24  purposes set forth in s. 236.1226.

25         (3)  Notwithstanding the provisions of s. 216.301, and

26  pursuant to s. 216.351, any balance in the trust fund at the

27  end of the fiscal year shall remain in the trust fund and

28  shall be available for carrying out the purposes of the trust

29  fund.

30         (4)  In accordance with s. 19(f)(2), Art. III of the

31  State Constitution, the Florida School Improvement Academic

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






    Florida Senate - 2001                                   SB 930
    7-379-01                                                See HB




  1  Trust Fund shall, unless terminated sooner, be terminated on

  2  July 1, 2005. Before its scheduled termination, the trust fund

  3  shall be reviewed as provided in s. 215.3206(1) and (2).

  4         Section 2.  This act shall take effect July 1, 2001, if

  5  SB.... or similar legislation is adopted in the same

  6  legislative session, or an extension thereof, and becomes law.

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  9                       LEGISLATIVE SUMMARY

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      Creates the School Improvement Academic Trust Fund within
11    the Department of Education. Provides sources of funds.
      Specifies uses of funds. Provides for the annual carry
12    forward of funds. Provides for future review and
      termination or recreation of the trust fund.
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CODING: Words stricken are deletions; words underlined are additions.