Senate Bill sb0844c1

    Florida Senate - 2002                            CS for SB 844

    By the Committee on Appropriations; and Senator Cowin





    309-1290-02

  1                      A bill to be entitled

  2         An act relating to trust funds; exempting from

  3         termination the Inmate Bank Trust Fund

  4         administered by the Department of Corrections;

  5         terminating and transferring current balances

  6         of specified trust funds administered by the

  7         Department of Legal Affairs and the Department

  8         of Corrections; providing an effective date.

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

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12         Section 1.  The Legislature finds that the Inmate Bank

13  Trust Fund, which has no FLAIR number and which is

14  administered by the Department of Corrections is exempt from

15  termination pursuant to Section 19(f), Article III of the

16  State Constitution.

17         Section 2.  (1)  The following trust funds administered

18  by the following agencies are terminated:

19         (a)  Within the Department of Legal Affairs, the

20  Consumer Fraud Trust Fund, FLAIR number 41-2-127. All current

21  balances remaining in, and all revenues of, the Consumer Fraud

22  Trust Fund terminated by this act shall be transferred to the

23  Legal Affairs Revolving Trust Fund in the Department of Legal

24  Affairs, FLAIR number 41-2-439.

25         (b)  Within the Department of Corrections, the Florida

26  Agricultural Exposition Trust Fund, FLAIR number 70-2-298. All

27  current balances remaining in, and all revenues of, the

28  Florida Agricultural Exposition Trust Fund terminated by this

29  act shall be transferred to the Operating Trust Fund in the

30  Department of Corrections, FLAIR number 70-2-510.

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






    Florida Senate - 2002                            CS for SB 844
    309-1290-02




  1         (3)  For each trust fund and fund account terminated by

  2  this act, the agency that administers the trust fund or fund

  3  account shall pay any outstanding debts or obligations of the

  4  terminated fund or account as soon as practicable, and the

  5  Comptroller shall close out and remove the terminated fund or

  6  account from the various state accounting systems using

  7  generally accepted accounting principles concerning warrants

  8  outstanding, assets, and liabilities.

  9         Section 3.  This act shall take effect July 1, 2002.

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11          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
12                         Senate Bill 844

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14  Terminates the Consumer Fraud Trust Fund in the Department of
    Legal Affairs and transfers remaining cash balances to the
15  Legal Affairs Revolving Trust Fund.

16  Terminates the Florida Agricultural Exposition Trust Fund in
    the Department of Corrections and transfers remaining cash
17  balances to the Operating Trust Fund.

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