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A bill to be entitled |
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An act relating to unclaimed lottery prize money; |
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requiring that specified unclaimed prize money be |
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transferred to the Educational Enhancement Trust Fund; |
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providing an appropriation from the trust fund to |
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community colleges as matching funds for certain private |
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donations; providing an appropriation from the trust fund |
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to state universities as matching funds for certain |
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private donations; providing for the allocation of such |
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funds; providing an effective date. |
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Be It Enacted by the Legislature of the State of Florida: |
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Section 1. Notwithstanding the provisions of section |
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24.115(2), Florida Statutes, the prize money associated with the |
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Lotto drawing of March 12, 2003, which had not been claimed by |
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September 8, 2003, shall be transferred to the Educational |
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Enhancement Trust Fund. |
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Section 2. The sum of $6,179,148 is appropriated from the |
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Educational Enhancement Trust Fund for the 2003-2004 fiscal year |
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to community colleges as matching funds for private donations |
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received under the matching gifts program established in section |
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1011.85, Florida Statutes. These funds shall be allocated among |
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the community colleges based on each community college's pro |
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rata share of the total unmatched private donations received as |
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of October 14, 2003. |
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Section 3. The sum of $23,968,799 is appropriated from the |
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Educational Enhancement Trust Fund for the 2003-2004 fiscal year |
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to state universities as matching funds for private donations |
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received under the major gifts program established in section |
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1011.94, Florida Statutes. These funds shall be allocated among |
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the universities based on each university's pro rata share of |
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the total unmatched private donations received as of September |
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30, 2003. |
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Section 4. This act shall take effect upon becoming a law. |