Senate Bill sb1318er
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ENROLLED
2007 Legislature SB 1318, 1st Engrossed
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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; repealing ss. 295.18, 295.181,
8 295.182, 295.183, 295.185, F.S., relating to
9 the Florida World War II Veterans Memorial Act;
10 amending s. 17.61, F.S., relating to
11 investments of trust fund moneys; deleting
12 obsolete provisions; amending s. 20.435, F.S.;
13 removing provisions providing for the future
14 repeal of the Biomedical Research Trust Fund;
15 providing an effective date.
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17 Be It Enacted by the Legislature of the State of Florida:
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19 Section 1. (1) The Florida World War II Veterans
20 Memorial Matching Trust Fund within the Department of
21 Veterans' Affairs, FLAIR number 50-2-755, is terminated. The
22 current balance remaining in, and all revenues of, the trust
23 fund shall be transferred to the Grants and Donations Trust
24 Fund, FLAIR number 50-2-339.
25 (2) The Department of Veterans' Affairs shall pay any
26 outstanding debts and obligations of the terminated fund as
27 soon as practicable, and the Chief Financial Officer shall
28 close out and remove the terminated fund from the various
29 state accounting systems using generally accepted accounting
30 principles concerning warrants outstanding, assets and
31 liabilities.
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ENROLLED
2007 Legislature SB 1318, 1st Engrossed
1 Section 2. Sections 295.18, 295.181, 295.182, 295.183,
2 and 295.185, Florida Statutes, are repealed.
3 Section 3. Paragraph (c) of subsection (3) of section
4 17.61, Florida Statutes, is amended to read:
5 17.61 Chief Financial Officer; powers and duties in
6 the investment of certain funds.--
7 (3)
8 (c) Except as provided in this paragraph and except
9 for moneys described in paragraph (d), the following agencies
10 shall not invest trust fund moneys as provided in this
11 section, but shall retain such moneys in their respective
12 trust funds for investment, with interest appropriated to the
13 General Revenue Fund, pursuant to s. 17.57:
14 1. The Agency for Health Care Administration, except
15 for the Tobacco Settlement Trust Fund.
16 2. The Agency for Persons with Disabilities, except
17 for:
18 a. The Federal Grants Trust Fund.
19 b. The Tobacco Settlement Trust Fund.
20 3. The Department of Children and Family Services,
21 except for:
22 a. The Alcohol, Drug Abuse, and Mental Health Trust
23 Fund.
24 b. The Community Resources Development Trust Fund.
25 b.c. The Refugee Assistance Trust Fund.
26 c.d. The Social Services Block Grant Trust Fund.
27 d.e. The Tobacco Settlement Trust Fund.
28 e.f. The Working Capital Trust Fund.
29 4. The Department of Community Affairs, only for the
30 Operating Trust Fund.
31 5. The Department of Corrections.
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ENROLLED
2007 Legislature SB 1318, 1st Engrossed
1 6. The Department of Elderly Affairs, except for:
2 a. The Federal Grants Trust Fund.
3 b. The Tobacco Settlement Trust Fund.
4 7. The Department of Health, except for:
5 a. The Federal Grants Trust Fund.
6 b. The Grants and Donations Trust Fund.
7 c. The Maternal and Child Health Block Grant Trust
8 Fund.
9 d. The Tobacco Settlement Trust Fund.
10 8. The Department of Highway Safety and Motor
11 Vehicles, only for:
12 a. The DUI Programs Coordination Trust Fund.
13 b. The Security Deposits Trust Fund.
14 9. The Department of Juvenile Justice.
15 10. The Department of Law Enforcement.
16 11. The Department of Legal Affairs.
17 12. The Department of State, only for:
18 a. The Grants and Donations Trust Fund.
19 b. The Records Management Trust Fund.
20 13. The Executive Office of the Governor, only for:
21 a. The Economic Development Transportation Trust Fund.
22 b. The Economic Development Trust Fund.
23 14. The Florida Public Service Commission, only for
24 the Florida Public Service Regulatory Trust Fund.
25 15. The Justice Administrative Commission.
26 16. The state courts system.
27 Section 4. Paragraph (h) of subsection (1) of section
28 20.435, Florida Statutes, is amended to read:
29 20.435 Department of Health; trust funds.--
30 (1) The following trust funds are hereby created, to
31 be administered by the Department of Health:
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ENROLLED
2007 Legislature SB 1318, 1st Engrossed
1 (h) Biomedical Research Trust Fund.
2 1. Funds to be credited to the trust fund shall
3 consist of funds deposited pursuant to s. 215.5601 and any
4 other funds appropriated by the Legislature. Funds shall be
5 used for the purposes of the James and Esther King Biomedical
6 Research Program and the William G. "Bill" Bankhead, Jr., and
7 David Coley Cancer Research Program as specified in ss.
8 215.5602, 288.955, and 381.922. The trust fund is exempt from
9 the service charges imposed by s. 215.20.
10 2. Notwithstanding the provisions of s. 216.301 and
11 pursuant to s. 216.351, any balance in the trust fund at the
12 end of any fiscal year shall remain in the trust fund at the
13 end of the year and shall be available for carrying out the
14 purposes of the trust fund. The department may invest these
15 funds independently through the Chief Financial Officer or may
16 negotiate a trust agreement with the State Board of
17 Administration for the investment management of any balance in
18 the trust fund.
19 3. Notwithstanding s. 216.301 and pursuant to s.
20 216.351, any balance of any appropriation from the Biomedical
21 Research Trust Fund which is not disbursed but which is
22 obligated pursuant to contract or committed to be expended may
23 be carried forward for up to 3 years following the effective
24 date of the original appropriation.
25 4. The trust fund shall, unless terminated sooner, be
26 terminated on July 1, 2008.
27 Section 5. This act shall take effect July 1, 2007.
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