Senate Bill sb0792c1

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    Florida Senate - 2004                            CS for SB 792

    By the Committee on Appropriations; and Senator Clary





    309-1927-04

  1                      A bill to be entitled

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

  3         Bond Fee Trust Fund within the Division of Bond

  4         Finance without modification; carrying forward

  5         current balances and continuing current sources

  6         and uses thereof; providing an effective date.

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  8         WHEREAS, the Legislature wishes to extend the life of

  9  the Bond Fee Trust Fund within the Division of Bond Finance,

10  which is otherwise scheduled to be terminated pursuant to

11  constitutional mandate, and

12         WHEREAS, the Legislature has reviewed the trust fund

13  before its scheduled termination date and has found that it

14  continues to meet an important public purpose, and

15         WHEREAS, the Legislature has found that existing public

16  policy concerning the trust fund sets adequate parameters for

17  its use, NOW, THEREFORE,

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

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21         Section 1.  (1)  The Bond Fee Trust Fund within the

22  Division of Bond Finance, which has no FLAIR number, and which

23  is to be terminated pursuant to Section 19(f), Article III of

24  the State Constitution on November 4, 2004, is re-created.

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

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

27  are continued.

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

29  2004.

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    Florida Senate - 2004                            CS for SB 792
    309-1927-04




 1          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
 2                         Senate Bill 792

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 4  The committee substitute differs from the bill as filed in
    that it recognizes the Bond Fee Trust Fund is administered by
 5  the Division of Bond Finance.

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