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| 1 | A bill to be entitled | ||
| 2 | An act relating to trust funds; creating s. 570.209, F.S.; | ||
| 3 | creating the Rural Lands Program Trust Fund within the | ||
| 4 | Department of Agriculture and Consumer Services; providing | ||
| 5 | for sources of funds and purposes; providing for an annual | ||
| 6 | carryforward of funds; providing for future legislative | ||
| 7 | review and termination or re-creation of the trust fund; | ||
| 8 | providing a contingent effective date. | ||
| 9 | |||
| 10 | Be It Enacted by the Legislature of the State of Florida: | ||
| 11 | |||
| 12 | Section 1. Section 570.209, Florida Statutes, is created | ||
| 13 | to read: | ||
| 14 | 570.209 Rural Lands Program Trust Fund of the Department | ||
| 15 | of Agriculture and Consumer Services.-- | ||
| 16 | (1) The Rural Lands Program Trust Fund is created within | ||
| 17 | the Department of Agriculture and Consumer Services. The purpose | ||
| 18 | of the trust fund is to receive funds pursuant to s. | ||
| 19 | 201.15(1)(d) to pay debt service on bonds issued pursuant to s. | ||
| 20 | 215.6195. | ||
| 21 | (2) Notwithstanding s. 216.301 and pursuant to s. 216.351, | ||
| 22 | any balance in the trust fund at the end of any fiscal year | ||
| 23 | shall remain in the trust fund at the end of the year and shall | ||
| 24 | be available for carrying out the purposes of the trust fund. | ||
| 25 | (3) Pursuant to s. 19(f)(2), Art. III of the State | ||
| 26 | Constitution, the trust fund shall, unless terminated sooner, be | ||
| 27 | terminated on July 1, 2007. Prior to its scheduled termination, | ||
| 28 | the trust fund shall be reviewed as provided in s. 215.3206(1) | ||
| 29 | and (2). | ||
| 30 | Section 2. This act shall take effect July 1, 2003, if | ||
| 31 | House Bill 1101 or similar legislation is adopted in the same | ||
| 32 | legislative session or an extension thereof and becomes law. | ||