| 1 | A bill to be entitled |
| 2 | An act relating to the Charter Schools Capital Outlay |
| 3 | Trust Fund; creating s. 1013.625, F.S.; creating the |
| 4 | Charter Schools Capital Outlay Trust Fund in the |
| 5 | Department of Education; providing for administration of |
| 6 | the trust fund and use of moneys therein; requiring |
| 7 | balances to remain in the trust fund; providing for future |
| 8 | review and termination or re-creation of the trust fund; |
| 9 | providing a contingent effective date. |
| 10 |
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| 11 | Be It Enacted by the Legislature of the State of Florida: |
| 12 |
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| 13 | Section 1. Section 1013.625, Florida Statutes, is created |
| 14 | to read: |
| 15 | 1013.625 Charter Schools Capital Outlay Trust Fund.-- |
| 16 | (1) The Charter Schools Capital Outlay Trust Fund is |
| 17 | created within the Department of Education. Funds credited to |
| 18 | the trust fund shall consist of revenues collected from the levy |
| 19 | of nonrecurring taxes under s. 199.133. The trust fund shall be |
| 20 | administered by the department and used to allocate capital |
| 21 | outlay funds for charter schools eligible for funding under s. |
| 22 | 1013.62(1). |
| 23 | (2) Notwithstanding s. 216.301 and pursuant to s. 216.351, |
| 24 | any balance in the trust fund at the end of any fiscal year |
| 25 | shall remain in the trust fund and be available for carrying out |
| 26 | the purposes of the trust fund. |
| 27 | (3) Pursuant to the provisions of s. 19(f)(2), Art. III of |
| 28 | the State Constitution, the trust fund shall, unless terminated |
| 29 | sooner, be terminated July 1, 2011. Prior to its scheduled |
| 30 | termination, the trust fund shall be reviewed as provided in s. |
| 31 | 215.3206(1) and (2). |
| 32 | Section 2. This act shall take effect July 1, 2007, if |
| 33 | House Bill 1203 or similar legislation is adopted in the same |
| 34 | legislative session or an extension thereof and becomes law. |