Senate Bill sb0818c1

    Florida Senate - 2004                            CS for SB 818

    By the Committee on Appropriations; and Senator Clary





    309-1929-04

  1                      A bill to be entitled

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

  3         State Risk Management Trust Fund within the

  4         Department of Financial Services without

  5         modification; carrying forward current balances

  6         and continuing current sources and uses

  7         thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the State Risk Management Trust Fund within the Department of

11  Financial Services, 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,

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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 State Risk Management Trust Fund

23  within the Department of Financial Services, FLAIR number

24  43-2-078, 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.






    Florida Senate - 2004                            CS for SB 818
    309-1929-04




 1          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
 2                         Senate Bill 818

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 4  The committee substitute differs from the bill as filed in
    that it changes the name of the trust fund from the Florida
 5  Casualty Insurance Risk Management Trust Fund to the State
    Risk Management Trust Fund.
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CODING: Words stricken are deletions; words underlined are additions.