Senate Bill sb0922

    Florida Senate - 2003        (NP)                       SB 922

    By Senator Clary





    309-862-03

  1                      A bill to be entitled

  2         An act relating to trust funds; terminating and

  3         re-creating the Workers' Compensation

  4         Administration Trust Fund within the Department

  5         of Business and Professional Regulation without

  6         modification; carrying forward current balances

  7         and continuing current sources and uses

  8         thereof; repealing s. 440.501(3), F.S.,

  9         relating to termination and review of the trust

10         fund, to conform; providing an effective date.

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12         WHEREAS, the Legislature wishes to extend the life of

13  the Workers' Compensation Administration Trust Fund within the

14  Department of Business and Professional Regulation, which is

15  otherwise scheduled to be terminated pursuant to

16  constitutional mandate, and

17         WHEREAS, the Legislature has reviewed the trust fund

18  before its scheduled termination date and has found that it

19  continues to meet an important public purpose, and

20         WHEREAS, the Legislature has found that existing public

21  policy concerning the trust fund sets adequate parameters for

22  its use, NOW, THEREFORE,

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

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26         Section 1.  (1)  The Workers' Compensation

27  Administration Trust Fund within the Department of Business

28  and Professional Regulation, FLAIR number 79-2-795, which is

29  to be terminated pursuant to Section 19(f), Article III of the

30  State Constitution on July 1, 2006, unless terminated sooner

31  by law, is terminated on November 4, 2004, and re-created.

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






    Florida Senate - 2003        (NP)                       SB 922
    309-862-03




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

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

 3  are continued.

 4         Section 2.  Subsection (3) of section 440.501, Florida

 5  Statutes, is repealed.

 6         Section 3.  This act shall take effect November 4,

 7  2004.

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10                          SENATE SUMMARY

11    Terminates and re-creates the Workers' Compensation
      Administration Trust Fund within the Department of
12    Business and Professional Regulation in order to
      synchronize its review cycle with other trust funds of
13    the department.

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