Senate Bill sb0112c1

    Florida Senate - 2004                            CS for SB 112

    By the Committee on Communication and Public Utilities; and
    Senator Bennett




    319-2100-04

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Florida Alternative Electric Energy Trust Fund;

  4         providing for sources of funds and  purposes;

  5         requiring funds to remain in the trust fund at

  6         the end of each fiscal year; providing for

  7         future review and termination or re-creation of

  8         the fund; providing a contingent effective

  9         date.

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

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13         Section 1.  (1)  The Florida Alternative Electric

14  Energy Trust Fund is created within, and shall be administered

15  by, the Florida Public Service Commission. Moneys deposited

16  into the fund shall be those collected pursuant to the

17  Alternative Electric Energy Surcharge provided in section

18  366.95, Florida Statutes, or from other sources designated by

19  law, federal moneys made available for alternative energy

20  uses, donations, or moneys appropriated from the General

21  Revenue Fund. The purpose of the trust fund is to provide

22  funding for the Florida Alternative Energy Technology Center

23  in fulfilling its statutory duties.

24         (2)  Notwithstanding section 216.301, Florida Statutes,

25  and under section 216.351, Florida Statutes, any balance in

26  the trust fund at the end of any fiscal year shall remain in

27  the trust fund at the end of the fiscal year and shall be

28  available for carrying out the purposes of the trust fund.

29         (3)  In accordance with Section 19(f)(2), Article III

30  of the State Constitution, the trust fund must, unless

31  terminated sooner, be terminated on July 1, 2008. Before its

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






    Florida Senate - 2004                            CS for SB 112
    319-2100-04




 1  scheduled termination, the trust fund must be reviewed as

 2  provided in section 215.3206(1) and (2), Florida Statutes.

 3         Section 2.  This act shall take effect July 1, 2004,

 4  but it shall not take effect unless it is enacted by a

 5  three-fifths vote of the membership of each house of the

 6  Legislature.

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 8          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
 9                              SB 112

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11  The CS for SB 112 creates the Florida Alternative Electric
    Energy Trust Fund within the Public Service Commission to
12  receive moneys collected pursuant to the Alternative Electric
    Energy Surcharge and other funds and to be used to fund the
13  Florida Alternative Energy Technology Center. The fund may
    carry over unspent balances. It will terminate July 1, 2008,
14  and is to be reviewed by the Legislature prior to that date.

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