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Glossary of Legislative Terms

HB 585: Fla. Uniform Principal & Income Act

GENERAL BILL by Goodlette ; (CO-INTRODUCERS) Joyner ; Bullard

Fla. Uniform Principal & Income Act; creates said act; provides general principles; provides trustee's power to adjust between principal & income; provides for unitrust alternative to certain trusts where power to adjust is unavailable or not exercised; provides for judicial control of certain discretionary powers; provides limitations; provides for determinations & distributions of net income, etc. Creates 738.101-.804; repeals 738.01-.15.

Effective Date: 01/01/2003
 Last Action: 4/16/2002 - Approved by Governor; Chapter No. 2002-42
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    12/6/2001 House • Prefiled
    12/17/2001 House • Referred to Judicial Oversight (SGC); Council for Smarter Government
    1/22/2002 House • Introduced, referred to Judicial Oversight (SGC); Council for Smarter Government -HJ 00043
    1/28/2002 House • On Committee agenda-- Judicial Oversight (SGC), 01/30/02, 1:00 pm, 212-K
    1/30/2002 House • Favorable with 1 amendment(s) by Judicial Oversight (SGC); YEAS 11 NAYS 0 -HJ 00155
    1/31/2002 House • Now in Council for Smarter Government -HJ 00155
    2/5/2002 House • On Council agenda-- Council for Smarter Government, 02/07/02, 2:00 pm, Morris Hall
    2/7/2002 House • Favorable by- Council for Smarter Government; YEAS 13 NAYS 0 -HJ 00225
    2/11/2002 House • Placed on Calendar -HJ 00225
    2/13/2002 House • Placed on Special Order Calendar
    2/27/2002 House • Placed on Special Order Calendar; Read second time -HJ 00304; Amendment(s) failed -HJ 00304; Amendment(s) adopted -HJ 00304
    3/7/2002 House • Read third time -HJ 00865; Passed as amended; YEAS 115 NAYS 0 -HJ 00865
    3/11/2002 Senate • In Messages
    3/15/2002 Senate • Received, referred to Judiciary; Banking and Insurance -SJ 00808
    3/18/2002 Senate • Withdrawn from Judiciary; Banking and Insurance -SJ 00838; Substituted for CS/CS/SB 1166 -SJ 00838; Read second time -SJ 00838
    3/20/2002 Senate • Read third time -SJ 01039; Passed; YEAS 32 NAYS 0 -SJ 01039
    3/20/2002 House • Ordered enrolled -HJ 02248
    4/5/2002 • Signed by Officers and presented to Governor
    4/16/2002 • Approved by Governor; Chapter No. 2002-42

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  • HB 585, Enrolled (Current Bill Version) Posted 3/21/2002 at 4:55 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 1166 (c2) Fla. Uniform Principal & Income Act Posey Identical Last Action: 3/18/2002 S Placed on Special Order Calendar -SJ 00850; Substituted HB 585 -SJ 00838; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 585 (Ch. 2002-42)
    Location:

    Citations - Statutes (51)

    Citation Catchline Location in Bill Location In Bill Help
    738.01 Definitions.
    738.02 Duty of trustee for receipts and expenditures.
    738.03 Income; principal; charges.
    738.04 When right to income arises; apportionment of income.
    738.05 Income earned during administration of a decedent's estate.
    738.06 Corporate distributions.
    738.07 Bond premium and discount.
    738.08 Business and farming operations.
    738.09 Disposition of natural resources.
    738.10 Removal of timber, water, soil, or sod.
    738.101
    738.102
    738.103
    738.104
    738.1041
    738.105
    738.11 Other property subject to depletion.
    738.12 Underproductive property.
    738.13 Charges against income and principal.
    738.14 Expenses; nontrust estates.
    738.15 Application of this chapter.
    738.201
    738.202
    738.301
    738.302
    738.303
    738.401
    738.402
    738.403
    738.501
    738.502
    738.503
    738.504
    738.601
    738.602
    738.603
    738.604
    738.605
    738.606
    738.607
    738.608
    738.701
    738.702
    738.703
    738.704
    738.705
    738.706
    738.801
    738.802
    738.803
    738.804

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  • HB 585, Engrossed 1 Posted 2/28/2002 at 1:34 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judicial Oversight (Post-Meeting) 6/13/2002 (pdf)

    Floor Votes (2)

    Date Chamber Result
    3/7/2002 10:28 AM House 115 Yeas - 0 Nays
    3/20/2002 9:20 AM Senate 32 Yeas - 0 Nays

    Citations - Statutes (51)

    Citation Catchline Location in Bill Location In Bill Help
    738.01 Definitions.
    738.02 Duty of trustee for receipts and expenditures.
    738.03 Income; principal; charges.
    738.04 When right to income arises; apportionment of income.
    738.05 Income earned during administration of a decedent's estate.
    738.06 Corporate distributions.
    738.07 Bond premium and discount.
    738.08 Business and farming operations.
    738.09 Disposition of natural resources.
    738.10 Removal of timber, water, soil, or sod.
    738.101
    738.102
    738.103
    738.104
    738.1041
    738.105
    738.11 Other property subject to depletion.
    738.12 Underproductive property.
    738.13 Charges against income and principal.
    738.14 Expenses; nontrust estates.
    738.15 Application of this chapter.
    738.201
    738.202
    738.301
    738.302
    738.303
    738.401
    738.402
    738.403
    738.501
    738.502
    738.503
    738.504
    738.601
    738.602
    738.603
    738.604
    738.605
    738.606
    738.607
    738.608
    738.701
    738.702
    738.703
    738.704
    738.705
    738.706
    738.801
    738.802
    738.803
    738.804

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  • HB 585, Original Filed Version Posted 12/7/2001 at 12:47 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judicial Oversight (Post-Meeting) 1/28/2002 (pdf)
    Judicial Oversight (Post-Meeting) 1/30/2002 (pdf)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    111801 - Amendment
    		Judicial Oversight 1/31/2002
    12:05 PM     		Web Page
    PDF

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    045123 - Amendment
    		Goodlette 2/26/2002
    12:10 PM     		Web Page
    PDF

    Citations - Statutes (51)

    Citation Catchline Location in Bill Location In Bill Help
    738.01 Definitions.
    738.02 Duty of trustee for receipts and expenditures.
    738.03 Income; principal; charges.
    738.04 When right to income arises; apportionment of income.
    738.05 Income earned during administration of a decedent's estate.
    738.06 Corporate distributions.
    738.07 Bond premium and discount.
    738.08 Business and farming operations.
    738.09 Disposition of natural resources.
    738.10 Removal of timber, water, soil, or sod.
    738.101
    738.102
    738.103
    738.104
    738.1041
    738.105
    738.11 Other property subject to depletion.
    738.12 Underproductive property.
    738.13 Charges against income and principal.
    738.14 Expenses; nontrust estates.
    738.15 Application of this chapter.
    738.201
    738.202
    738.301
    738.302
    738.303
    738.401
    738.402
    738.403
    738.501
    738.502
    738.503
    738.504
    738.601
    738.602
    738.603
    738.604
    738.605
    738.606
    738.607
    738.608
    738.701
    738.702
    738.703
    738.704
    738.705
    738.706
    738.801
    738.802
    738.803
    738.804

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