Senate Bill sb0938

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    Florida Senate - 2004        (NP)                       SB 938

    By Senator Peaden





    309-479-04

  1                      A bill to be entitled

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

  3         Department of Elderly Affairs Tobacco

  4         Settlement Trust Fund within the department

  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 Department of Elderly Affairs Tobacco Settlement Trust

11  Fund within the department, 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 Department of Elderly Affairs

23  Tobacco Settlement Trust Fund within the department, FLAIR

24  number 65-2-122, 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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    Florida Senate - 2004        (NP)                       SB 938
    309-479-04




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 2                          SENATE SUMMARY

 3    Re-creates the Department of Elderly Affairs Tobacco
      Settlement Trust Fund within the department.
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CODING: Words stricken are deletions; words underlined are additions.