CONFERENCE COMMITTEE AMENDMENT
Bill No. CS for SB 1278
Amendment No. 1 Barcode 610078
CHAMBER ACTION
Senate House
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11 The Conference Committee on CS for SB 1278 recommended the
12 following amendment:
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14 Conference Committee Amendment (with title amendment)
15 Delete everything after the enacting clause
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17 and insert:
18 Section 1. Subsection (5) of section 17.41, Florida
19 Statutes, is amended to read:
20 17.41 Department of Financial Services Tobacco
21 Settlement Clearing Trust Fund.--
22 (5) The department shall disburse funds, by
23 nonoperating transfer, from the Tobacco Settlement Clearing
24 Trust Fund to the tobacco settlement trust funds of the
25 various agencies or to the Biomedical Research Trust Fund in
26 the Department of Health, as appropriate, in amounts equal to
27 the annual appropriations made from those agencies' trust
28 funds in the General Appropriations Act.
29 Section 2. Paragraph (h) of subsection (1) of section
30 20.435, Florida Statutes, as amended by section 2 of chapter
31 2003-421, Laws of Florida, is amended to read:
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CONFERENCE COMMITTEE AMENDMENT
Bill No. CS for SB 1278
Amendment No. 1 Barcode 610078
1 20.435 Department of Health; trust funds.--
2 (1) The following trust funds are hereby created, to
3 be administered by the Department of Health:
4 (h) Biomedical Research Trust Fund.
5 1. Funds to be credited to the trust fund shall
6 consist of funds deposited pursuant to s. 215.5601. Funds
7 shall be used for the purposes of the James and Esther King
8 Biomedical Research Program as specified in ss. 215.5602 and
9 288.955. The trust fund is exempt from the service charges
10 imposed by s. 215.20.
11 2. Notwithstanding the provisions of s. 216.301 and
12 pursuant to s. 216.351, any balance in the trust fund at the
13 end of any fiscal year shall remain in the trust fund at the
14 end of the year and shall be available for carrying out the
15 purposes of the trust fund. The department may invest these
16 funds independently through the Chief Financial Officer or may
17 negotiate a trust agreement with the State Board of
18 Administration for the investment management of any balance in
19 the trust fund.
20 3. Notwithstanding s. 216.301 and pursuant to s.
21 216.351, any balance of any appropriation from the Biomedical
22 Research Trust Fund which is not disbursed but which is
23 obligated pursuant to contract or committed to be expended may
24 be certified by the Governor for up to 3 years following the
25 effective date of the original appropriation.
26 4.3. The trust fund shall, unless terminated sooner,
27 be terminated on July 1, 2008.
28 Section 3. Paragraph (e) of subsection (5) of section
29 215.5601, Florida Statutes, is amended to read:
30 215.5601 Lawton Chiles Endowment Fund.--
31 (5) AVAILABILITY OF FUNDS; USES.--
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CONFERENCE COMMITTEE AMENDMENT
Bill No. CS for SB 1278
Amendment No. 1 Barcode 610078
1 (e) Notwithstanding s. 216.301 and pursuant to s.
2 216.351, all unencumbered balances of appropriations from each
3 department's respective Tobacco Settlement Trust Fund as of
4 June 30 or undisbursed balances as of December 31 shall revert
5 to the endowment's principal. Unencumbered balances in the
6 Biomedical Research Trust Fund shall be managed as provided in
7 s. 20.435(1)(h)2. Unencumbered or undisbursed balances
8 appropriated for biomedical research shall revert to the
9 principal in the separately reserved and accounted-for portion
10 of the endowment established for biomedical research
11 activities.
12 Section 4. This act shall take effect July 1, 2004.
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16 And the title is amended as follows:
17 Delete everything before the enacting clause
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19 and insert:
20 A bill to be entitled
21 An act relating to the Biomedical Research
22 Trust Fund in the Department of Health;
23 amending s. 17.41, F.S.; requiring the
24 Department of Financial Services to disburse
25 certain funds from the Tobacco Settlement
26 Clearing Trust Fund to the Biomedical Research
27 Trust Fund; amending s. 20.435, F.S.;
28 authorizing the Department of Health to provide
29 for the investment of funds in the Biomedical
30 Research Trust Fund; authorizing the Governor
31 to certify undisbursed funds for a specified
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CONFERENCE COMMITTEE AMENDMENT
Bill No. CS for SB 1278
Amendment No. 1 Barcode 610078
1 period following appropriation; amending s.
2 215.5601, F.S.; providing requirements for the
3 management of unencumbered balances in the
4 trust fund, to conform; providing an effective
5 date.
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