Senate Bill sb0808

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    Florida Senate - 2003                                   SB 808

    By Senator Carlton





    309-446-03

  1                      A bill to be entitled

  2         An act relating to trust funds; re-creating the

  3         Board of Regents Operations and Maintenance

  4         Trust Fund within the Department of Education

  5         without modification; carrying forward current

  6         balances and continuing current sources and

  7         uses thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Board of Regents Operations and Maintenance Trust Fund

11  within the Department of Education, which is otherwise

12  scheduled to be terminated pursuant to constitutional mandate,

13  and

14         WHEREAS, the Legislature has reviewed the trust fund

15  before its scheduled termination date and has found that it

16  continues to meet an important public purpose, and

17         WHEREAS, the Legislature has found that existing public

18  policy concerning the trust fund sets adequate parameters for

19  its use, NOW, THEREFORE,

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

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23         Section 1.  (1)  The Board of Regents Operations and

24  Maintenance Trust Fund within the Department of Education,

25  FLAIR number 49-2-516, which is to be terminated pursuant to

26  Section 19(f), Article III of the State Constitution on

27  November 4, 2004, is re-created.

28         (2)  All current balances of the trust fund are carried

29  forward, and all current sources and uses of the trust fund

30  are continued.

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    Florida Senate - 2003                                   SB 808
    309-446-03




 1         Section 2.  This act shall take effect November 4,

 2  2004.

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 5                          SENATE SUMMARY

 6    Re-creates the Board of Regents Operations and
      Maintenance Trust Fund within the Department of
 7    Education.

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