Senate Bill sb1240er

    ENROLLED

    2004 Legislature                                       SB 1240



  1                                 

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

  3         Insurance Regulatory Trust Fund within the

  4         Office of Insurance Regulation without

  5         modification; carrying forward current balances

  6         and continuing current sources and uses

  7         thereof; providing an effective date.

  8  

  9         WHEREAS, the Legislature wishes to extend the life of

10  the Insurance Regulatory Trust Fund within the Office of

11  Insurance Regulation, which is otherwise scheduled to be

12  terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the trust fund

14  before its scheduled termination date and has found that it

15  continues to meet an important public purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the trust fund sets adequate parameters for

18  its use, NOW, THEREFORE,

19  

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

21  

22         Section 1.  (1)  The Insurance Regulatory Trust Fund

23  within the Office of Insurance Regulation, FLAIR number

24  43-2-393, which is to be terminated pursuant to Section 19(f),

25  Article III of the State Constitution on November 4, 2004, is

26  re-created.

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

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

29  are continued.

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

31  2004.


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