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| 1 | A bill to be entitled | ||
| 2 | An act relating to trust funds; creating s. 24.1127, F.S.; | ||
| 3 | creating the Video Lottery Administrative Trust Fund | ||
| 4 | within the Department of the Lottery; providing for source | ||
| 5 | of moneys and purposes; providing for annual carryforward | ||
| 6 | of funds; providing for future review and termination or | ||
| 7 | re-creation of the trust fund; providing a contingent | ||
| 8 | effective date. | ||
| 9 | |||
| 10 | Be It Enacted by the Legislature of the State of Florida: | ||
| 11 | |||
| 12 | Section 1. Section 24.1127, Florida Statutes, is created | ||
| 13 | to read: | ||
| 14 | 24.1127 Video Lottery Administrative Trust Fund.-- | ||
| 15 | (1) The Video Lottery Administrative Trust Fund is | ||
| 16 | created, to be administered by the Department of the Lottery. | ||
| 17 | Funds shall be credited to and distributed from the trust fund | ||
| 18 | as provided in s. 24.127, to be used for the purposes specified | ||
| 19 | in that section. | ||
| 20 | (2) Notwithstanding s. 216.301 and pursuant to s. 216.351, | ||
| 21 | any balance in the trust fund at the end of any fiscal year | ||
| 22 | shall remain in the trust fund at the end of the year and shall | ||
| 23 | be available for carrying out the purposes of the trust fund. | ||
| 24 | (3) Pursuant to s. 19(f)(2), Art. III of the State | ||
| 25 | Constitution, the trust fund shall, unless terminated sooner, be | ||
| 26 | terminated on July 1, 2007. However, prior to its scheduled | ||
| 27 | termination, the trust fund shall be reviewed as provided in s. | ||
| 28 | 215.3206(1) and (2). | ||
| 29 | Section 2. This act shall take effect July 1, 2003, if | ||
| 30 | House Bill 663 or similar legislation is adopted in the same | ||
| 31 | legislative session or an extension thereof and becomes law. | ||