Senate Bill sb1412

    Florida Senate - 2005        (NP)                      SB 1412

    By Senator Saunders





    37-1277-05

  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         20.1971, F.S.; creating the Tobacco Settlement

  4         Trust Fund within the Agency for Persons with

  5         Disabilities; providing sources of funds and

  6         purposes; providing for annual carryforward of

  7         funds; providing for future review and

  8         termination or re-creation of the trust fund;

  9         providing an effective date.

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

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13         Section 1.  Section 20.1971, Florida Statutes, is

14  created to read:

15         20.1971  Agency for Persons with Disabilities; trust

16  funds.--The following trust funds are created and shall be

17  administered by the Agency for Persons with Disabilities:

18         (4)  The Tobacco Settlement Trust Fund.

19         (a)  Funds to be credited to the trust fund shall

20  consist of funds disbursed, by nonoperating transfer, from the

21  Department of Financial Services Tobacco Settlement Clearing

22  Trust Fund in amounts equal to the annual appropriations made

23  from this trust fund.

24         (b)  Notwithstanding the provisions of s. 216.301 and

25  pursuant to s. 216.351, any balance in the trust fund at the

26  end of any fiscal year shall remain in the trust fund at the

27  end of the year and shall be available for carrying out the

28  purposes of the trust fund.

29         (c)  In accordance with s. 19(f)(2), Art. III of the

30  State Constitution, the Administrative Trust Fund shall,

31  unless terminated earlier, be terminated on July 1, 2009.

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    Florida Senate - 2005        (NP)                      SB 1412
    37-1277-05




 1  Before its scheduled termination, the trust fund shall be

 2  reviewed as provided in s. 215.3206(1) and (2).

 3         Section 2.  This act shall take effect on July 1, 2005.

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 6                          SENATE SUMMARY

 7    Creates the Tobacco Settlement Trust Fund within the
      Agency for Persons with Disabilities. Provides for
 8    sources of funds and purposes. Provides for the annual
      carryforward of funds. Provides for future review and
 9    termination or re-creation of the trust fund.

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