HB 5033

1
A bill to be entitled
2An act relating to the Federal Grants Trust Fund; creating
3s. 25.3842, F.S.; creating the Federal Grants Trust Fund
4within the state courts system; providing for sources of
5funds and purposes; providing for future review and
6termination or re-creation of the trust fund; providing an
7effective date.
8
9Be It Enacted by the Legislature of the State of Florida:
10
11     Section 1.  Section 25.3842, Florida Statutes, is created
12to read:
13     25.3842  Federal Grants Trust Fund.--
14     (1)  The Federal Grants Trust Fund is created within the
15state courts system.
16     (2)  The fund is established for use as a depository for
17funds to be used for allowable grant activities funded by
18restricted program revenues. Moneys to be credited to the trust
19fund shall consist of grants and funding from the Federal
20Government, interest earnings, and cash advances from other
21trust funds.
22     (3)  In accordance with s. 19(f)(2), Art. III of the State
23Constitution, the Federal Grants Trust Fund shall, unless
24terminated sooner, be terminated on July 1, 2010. Before its
25scheduled termination, the trust fund shall be reviewed as
26provided in s. 215.3206(1) and (2).
27     Section 2.  This act shall take effect July 1, 2006.


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