Senate Bill sb1692

    Florida Senate - 2004                                  SB 1692

    By Senator Clary





    309-1272-04

  1                      A bill to be entitled

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

  3         Financial Institutions' Regulatory Trust Fund

  4         within the Department of Financial Services

  5         without modification; carrying forward current

  6         balances and continuing current sources and

  7         uses thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Financial Institutions' Regulatory Trust Fund within the

11  Department of Financial Services, which is otherwise scheduled

12  to be 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,

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

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22         Section 1.  (1)  The Financial Institutions' Regulatory

23  Trust Fund within the Department of Financial Services, FLAIR

24  number 43-2-275, which is to be terminated pursuant to Section

25  19(f), Article III of the State Constitution on November 4,

26  2004, is 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.






    Florida Senate - 2004                                  SB 1692
    309-1272-04




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 2                          SENATE SUMMARY

 3    Re-creates the Financial Institutions' Regulatory Trust
      Fund within the Department of Financial Services.
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CODING: Words stricken are deletions; words underlined are additions.