Senate Bill sb0388c1

    Florida Senate - 2005                            CS for SB 388

    By the Committee on Education Appropriations; and Senator
    Alexander




    602-1725A-05

  1                      A bill to be entitled

  2         An act relating to student financial aid;

  3         amending ss. 1009.50, 1009.51, and 1009.52,

  4         F.S.; authorizing the deposit of funds

  5         appropriated by the Legislature for student

  6         financial assistance into the State Student

  7         Financial Assistance Trust Fund; amending s.

  8         1009.89, F.S.; eliminating a requirement that

  9         funds appropriated for the William L. Boyd, IV,

10         Florida Resident Access Grant Program be

11         deposited into such trust fund; providing an

12         effective date.

13  

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

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16         Section 1.  Subsection (5) of section 1009.50, Florida

17  Statutes, is amended to read:

18         1009.50  Florida Public Student Assistance Grant

19  Program; eligibility for grants.--

20         (5)  Funds appropriated by the Legislature for state

21  student assistance grants may shall be deposited in the State

22  Student Financial Assistance Trust Fund. Notwithstanding the

23  provisions of s. 216.301 and pursuant to s. 216.351, any

24  balance in the trust fund at the end of any fiscal year which

25  that has been allocated to the Florida Public Student

26  Assistance Grant Program shall remain therein and shall be

27  available for carrying out the purposes of this section.

28         Section 2.  Subsection (5) of section 1009.51, Florida

29  Statutes, is amended to read:

30         1009.51  Florida Private Student Assistance Grant

31  Program; eligibility for grants.--

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






    Florida Senate - 2005                            CS for SB 388
    602-1725A-05




 1         (5)  Funds appropriated by the Legislature for Florida

 2  private student assistance grants may shall be deposited in

 3  the State Student Financial Assistance Trust Fund.

 4  Notwithstanding the provisions of s. 216.301 and pursuant to

 5  s. 216.351, any balance in the trust fund at the end of any

 6  fiscal year which that has been allocated to the Florida

 7  Private Student Assistance Grant Program shall remain therein

 8  and shall be available for carrying out the purposes of this

 9  section and as otherwise provided by law.

10         Section 3.  Subsection (6) of section 1009.52, Florida

11  Statutes, is amended to read:

12         1009.52  Florida Postsecondary Student Assistance Grant

13  Program; eligibility for grants.--

14         (6)  Funds appropriated by the Legislature for Florida

15  postsecondary student assistance grants may shall be deposited

16  in the State Student Financial Assistance Trust Fund.

17  Notwithstanding the provisions of s. 216.301 and pursuant to

18  s. 216.351, any balance in the trust fund at the end of any

19  fiscal year which that has been allocated to the Florida

20  Postsecondary Student Assistance Grant Program shall remain

21  therein and shall be available for carrying out the purposes

22  of this section and as otherwise provided by law.

23         Section 4.  Subsection (6) of section 1009.89, Florida

24  Statutes, is amended to read:

25         1009.89  The William L. Boyd, IV, Florida resident

26  access grants.--

27         (6)  Funds appropriated by the Legislature for the

28  William L. Boyd, IV, Florida Resident Access Grant Program

29  shall be deposited in the State Student Financial Assistance

30  Trust Fund. Notwithstanding the provisions of s. 216.301 and

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

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






    Florida Senate - 2005                            CS for SB 388
    602-1725A-05




 1  end of any fiscal year which has been allocated to the William

 2  L. Boyd, IV, Florida Resident Access Grant Program shall

 3  remain therein and shall be available for carrying out the

 4  purposes of this section. If the number of eligible students

 5  exceeds the total authorized in the General Appropriations

 6  Act, an institution may use its own resources to assure that

 7  each eligible student receives the full benefit of the grant

 8  amount authorized.

 9         Section 5.  This act shall take effect upon becoming a

10  law.

11  

12          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
13                         Senate Bill 388

14                                 

15  This committee substitute amends the statutes to eliminate the
    requirement that the Legislature "double" appropriate state
16  funds for the Florida Public Student Assistance Grant Program,
    Florida Private Student Assistance Grant Program, Florida
17  Postsecondary Student Assistance Grant Program, and Florida
    Resident Access Grants.  This eliminates a "double" budgeting
18  practice that results in the General Appropriations Act being
    overstated.
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CODING: Words stricken are deletions; words underlined are additions.