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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 for construction | ||
| 8 | of the act in pari materia with laws enacted during the | ||
| 9 | 2003 Regular Session or the 2003 Special Session A of the | ||
| 10 | Legislature; providing a contingent effective date. | ||
| 11 | |||
| 12 | Be It Enacted by the Legislature of the State of Florida: | ||
| 13 | |||
| 14 | Section 1. Section 24.1127, Florida Statutes, is created | ||
| 15 | to read: | ||
| 16 | 24.1127 Video Lottery Administrative Trust Fund.-- | ||
| 17 | (1) The Video Lottery Administrative Trust Fund is | ||
| 18 | created, to be administered by the Department of the Lottery. | ||
| 19 | Funds shall be credited to and distributed from the trust fund | ||
| 20 | as provided in s. 24.127, to be used for the purposes specified | ||
| 21 | in that section. | ||
| 22 | (2) Notwithstanding s. 216.301 and pursuant to s. 216.351, | ||
| 23 | any balance in the trust fund at the end of any fiscal year | ||
| 24 | shall remain in the trust fund at the end of the year and shall | ||
| 25 | be available for carrying out the purposes of 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, be | ||
| 28 | terminated on July 1, 2007. However, prior to its scheduled | ||
| 29 | termination, the trust fund shall be reviewed as provided in s. | ||
| 30 | 215.3206(1) and (2). | ||
| 31 | Section 2. If any law amended by this act was also amended | ||
| 32 | by a law enacted at the 2003 Regular Session of the Legislature | ||
| 33 | or at the 2003 Special Session A of the Legislature, such laws | ||
| 34 | shall be construed as if they had been enacted at the same | ||
| 35 | session of the Legislature, and full effect shall be given to | ||
| 36 | each if possible. | ||
| 37 | Section 3. This act shall take effect July 1, 2003, if | ||
| 38 | House Bill 13B or similar legislation is adopted in the same | ||
| 39 | legislative session or an extension thereof and becomes law. | ||