Senate Bill sb0856

    Florida Senate - 2004        (NP)                       SB 856

    By Senator Clary





    309-534A-04

  1                      A bill to be entitled

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

  3         Comptroller's Federal Equitable Sharing Trust

  4         Fund within the Office of Financial

  5         Institutions and Securities Regulation without

  6         modification; carrying forward current balances

  7         and continuing current sources and uses

  8         thereof; providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Comptroller's Federal Equitable Sharing Trust Fund within

12  the Office of Financial Institutions and Securities

13  Regulation, which is otherwise scheduled to be terminated

14  pursuant to constitutional mandate, and

15         WHEREAS, the Legislature has reviewed the trust fund

16  before its scheduled termination date and has found that it

17  continues to meet an important public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the trust fund sets adequate parameters for

20  its use, NOW, THEREFORE,

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

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24         Section 1.  (1)  The Comptroller's Federal Equitable

25  Sharing Trust Fund within the Office of Financial Institutions

26  and Securities Regulation, FLAIR number 43-2-719, which is to

27  be terminated pursuant to Section 19(f), Article III of the

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

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

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

31  are continued.

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    Florida Senate - 2004        (NP)                       SB 856
    309-534A-04




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

 2  2004.

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 5                          SENATE SUMMARY

 6    Re-creates the Comptroller's Federal Equitable Sharing
      Trust Fund within the Office of Financial Institutions
 7    and Securities Regulation.

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