Senate Bill sb1318
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Florida Senate - 2007 SB 1318
By Senator Peaden
2-1833-07
1 A bill to be entitled
2 An act relating to trust funds; terminating a
3 specified trust fund within the Department of
4 Veterans' Affairs; providing for disposition of
5 balances in and revenues of such trust fund;
6 prescribing procedures for the termination of
7 the trust fund; amending s. 17.61, F.S.,
8 relating to investments of trust fund moneys;
9 deleting obsolete provisions; amending s.
10 20.435, F.S.; removing provisions providing for
11 the future repeal of the Biomedical Research
12 Trust Fund; providing an effective date.
13
14 Be It Enacted by the Legislature of the State of Florida:
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16 Section 1. (1) The Florida World War II Veterans
17 Memorial Matching Trust Fund within the Department of
18 Veterans' Affairs, FLAIR number 50-2-755, is terminated. The
19 current balance remaining in, and all revenues of, the trust
20 fund shall be transferred to the Grants and Donations Trust
21 Fund, FLAIR number 50-2-339.
22 (2) The Department of Veterans' Affairs shall pay any
23 outstanding debts and obligations of the terminated fund as
24 soon as practicable, and the Chief Financial Officer shall
25 close out and remove the terminated fund from the various
26 state accounting systems using generally accepted accounting
27 principles concerning warrants outstanding, assets and
28 liabilities.
29 Section 2. Paragraph (c) of subsection (3) of section
30 17.61, Florida Statutes, is amended to read:
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Florida Senate - 2007 SB 1318
2-1833-07
1 17.61 Chief Financial Officer; powers and duties in
2 the investment of certain funds.--
3 (3)
4 (c) Except as provided in this paragraph and except
5 for moneys described in paragraph (d), the following agencies
6 shall not invest trust fund moneys as provided in this
7 section, but shall retain such moneys in their respective
8 trust funds for investment, with interest appropriated to the
9 General Revenue Fund, pursuant to s. 17.57:
10 1. The Agency for Health Care Administration, except
11 for the Tobacco Settlement Trust Fund.
12 2. The Agency for Persons with Disabilities, except
13 for:
14 a. The Federal Grants Trust Fund.
15 b. The Tobacco Settlement Trust Fund.
16 3. The Department of Children and Family Services,
17 except for:
18 a. The Alcohol, Drug Abuse, and Mental Health Trust
19 Fund.
20 b. The Community Resources Development Trust Fund.
21 b.c. The Refugee Assistance Trust Fund.
22 c.d. The Social Services Block Grant Trust Fund.
23 d.e. The Tobacco Settlement Trust Fund.
24 e.f. The Working Capital Trust Fund.
25 4. The Department of Community Affairs, only for the
26 Operating Trust Fund.
27 5. The Department of Corrections.
28 6. The Department of Elderly Affairs, except for:
29 a. The Federal Grants Trust Fund.
30 b. The Tobacco Settlement Trust Fund.
31 7. The Department of Health, except for:
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Florida Senate - 2007 SB 1318
2-1833-07
1 a. The Federal Grants Trust Fund.
2 b. The Grants and Donations Trust Fund.
3 c. The Maternal and Child Health Block Grant Trust
4 Fund.
5 d. The Tobacco Settlement Trust Fund.
6 8. The Department of Highway Safety and Motor
7 Vehicles, only for:
8 a. The DUI Programs Coordination Trust Fund.
9 b. The Security Deposits Trust Fund.
10 9. The Department of Juvenile Justice.
11 10. The Department of Law Enforcement.
12 11. The Department of Legal Affairs.
13 12. The Department of State, only for:
14 a. The Grants and Donations Trust Fund.
15 b. The Records Management Trust Fund.
16 13. The Executive Office of the Governor, only for:
17 a. The Economic Development Transportation Trust Fund.
18 b. The Economic Development Trust Fund.
19 14. The Florida Public Service Commission, only for
20 the Florida Public Service Regulatory Trust Fund.
21 15. The Justice Administrative Commission.
22 16. The state courts system.
23 Section 3. Paragraph (h) of subsection (1) of section
24 20.435, Florida Statutes, is amended to read:
25 20.435 Department of Health; trust funds.--
26 (1) The following trust funds are hereby created, to
27 be administered by the Department of Health:
28 (h) Biomedical Research Trust Fund.
29 1. Funds to be credited to the trust fund shall
30 consist of funds deposited pursuant to s. 215.5601 and any
31 other funds appropriated by the Legislature. Funds shall be
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Florida Senate - 2007 SB 1318
2-1833-07
1 used for the purposes of the James and Esther King Biomedical
2 Research Program and the William G. "Bill" Bankhead, Jr., and
3 David Coley Cancer Research Program as specified in ss.
4 215.5602, 288.955, and 381.922. The trust fund is exempt from
5 the service charges imposed by s. 215.20.
6 2. Notwithstanding the provisions of s. 216.301 and
7 pursuant to s. 216.351, any balance in the trust fund at the
8 end of any fiscal year shall remain in the trust fund at the
9 end of the year and shall be available for carrying out the
10 purposes of the trust fund. The department may invest these
11 funds independently through the Chief Financial Officer or may
12 negotiate a trust agreement with the State Board of
13 Administration for the investment management of any balance in
14 the trust fund.
15 3. Notwithstanding s. 216.301 and pursuant to s.
16 216.351, any balance of any appropriation from the Biomedical
17 Research Trust Fund which is not disbursed but which is
18 obligated pursuant to contract or committed to be expended may
19 be carried forward for up to 3 years following the effective
20 date of the original appropriation.
21 4. The trust fund shall, unless terminated sooner, be
22 terminated on July 1, 2008.
23 Section 4. This act shall take effect July 1, 2007.
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26 SENATE SUMMARY
27 Terminates the Florida World War II Veterans Memorial
Matching Trust Fund within the Department of Veterans'
28 Affairs. Provides for the disposition of balances in and
revenues of the trust fund. Prescribes procedures for
29 terminating the trust fund. Removes the future repeal of
the Biomedical Research Trust Fund.
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