Senate Bill sb0066

    Florida Senate - 2003                                    SB 66

    By Senator Geller





    31-161-03

  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         24.1127, F.S.; creating the Video Lottery

  4         Administrative Trust Fund within the Department

  5         of the Lottery; providing for source of moneys

  6         and purposes; providing for annual carryforward

  7         of funds; providing for future review and

  8         termination or re-creation of the trust fund;

  9         providing a contingent effective date.

10  

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

12  

13         Section 1.  Section 24.1127, Florida Statutes, is

14  created to read:

15         24.1127  Video Lottery Administrative Trust Fund.--

16         (1)  The Video Lottery Administrative Trust Fund is

17  created, to be administered by the Department of the Lottery.

18  Funds shall be credited to and distributed from the trust fund

19  as provided in s. 24.127, to be used for the purposes

20  specified in that section.

21         (2)  Notwithstanding s. 216.301 and pursuant to s.

22  216.351, any balance in the trust fund at the end of any

23  fiscal year shall remain in the trust fund at the end of the

24  year and shall be available for carrying out the purposes of

25  the trust fund.

26         (3)  Pursuant to s. 19(f)(2), Art. III of the State

27  Constitution, the trust fund shall, unless terminated sooner,

28  be terminated on July 1, 2007. However, prior to its scheduled

29  termination, the trust fund shall be reviewed as provided in

30  s. 215.3206(1) and (2).

31  

                                  1

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






    Florida Senate - 2003                                    SB 66
    31-161-03




 1         Section 2.  This act shall take effect July 1, 2003, if

 2  Senate Bill ___ or similar legislation is adopted in the same

 3  legislative session or an extension thereof and becomes law.

 4  

 5            *****************************************

 6                          SENATE SUMMARY

 7  
      Creates the Video Lottery Administrative Trust Fund
 8    within the Department of the Lottery, and provides for
      its source of moneys and purposes. Provides for annual
 9    carryforward of funds. Provides for future review and
      termination or re-creation of the trust fund.
10  

11  

12  

13  

14  

15  

16  

17  

18  

19  

20  

21  

22  

23  

24  

25  

26  

27  

28  

29  

30  

31  

                                  2

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