Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. CS for SB 2480
Barcode 184182
CHAMBER ACTION
Senate House
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11 The Committee on Education Appropriations (Lynn) recommended
12 the following amendment:
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14 Senate Amendment (with title amendment)
15 On page 100, between lines 19 and 20,
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18 Section 41. Approval is granted for the endowment for
19 the Appleton Museum of Art, currently held by the Appleton
20 Cultural Center, Inc., to be transferred to the Central
21 Florida Community College Foundation. The endowment to be
22 transferred, which includes state matching funds, was
23 established in 1987 through the Cultural Arts Endowment
24 Program. By this provision, the Central Florida Community
25 College Foundation is authorized to manage the endowment only
26 for the support of the educational program at the Appleton
27 Museum of Art and is released from all other provisions of the
28 Trust Agreement dated July 17, 1987, by and between the State
29 of Florida and the Appleton Cultural Center, Inc., and
30 sections 265.601 through 265.607, Florida Statutes.
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Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. CS for SB 2480
Barcode 184182
1 (Redesignate subsequent sections.)
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5 And the title is amended as follows:
6 On page 8, line 12, after the semicolon
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8 insert:
9 approving a transfer of an endowment from the
10 Appleton Cultural Center, Inc., to the Central
11 Florida Community College Foundation; providing
12 restrictions on the management of the
13 endowment; releasing the foundation from
14 certain trust agreement and statutory
15 requirements;
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