Senate Bill sb2340er

    ENROLLED

    2006 Legislature                                       SB 2340



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  2         An act relating to trust funds; creating s.

  3         20.3151, F.S.; creating the Administrative

  4         Trust Fund within the Department of

  5         Corrections; providing for 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 20.3151, Florida Statutes, is

14  created to read:

15         20.3151  Administrative Trust Fund.--

16         (1)  The Administrative Trust Fund is created within

17  the Department of Corrections.

18         (2)  The fund is established for use as a depository

19  for funds to be used for management activities that are

20  department-wide in nature and funded by indirect cost earnings

21  or assessments against trust funds. Moneys to be credited to

22  the trust fund include indirect cost reimbursements from

23  grantors, administrative assessments against trust funds,

24  interest earnings, and other appropriate administrative fees.

25         (3)  Notwithstanding the provisions of s. 216.301 and

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

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

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

29  purposes of the trust fund.

30         (4)  In accordance with s. 19(f)(2), Art. III of the

31  State Constitution, the Administrative Trust Fund shall,


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    ENROLLED

    2006 Legislature                                       SB 2340



 1  unless terminated sooner, be terminated on July 1, 2010.

 2  Before its scheduled termination, the trust fund shall be

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

 4         Section 2.  This act shall take effect July 1, 2006.

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