| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; creating s. 24.1127, F.S.; |
| 3 | creating the Video Lottery Administrative Trust Fund |
| 4 | within the Department of the Lottery; providing for source |
| 5 | of moneys and purposes; providing for annual carryforward |
| 6 | of funds; providing for future review and termination or |
| 7 | re-creation of the trust fund; providing a contingent |
| 8 | effective date. |
| 9 |
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| 10 | Be It Enacted by the Legislature of the State of Florida: |
| 11 |
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| 12 | Section 1. Section 24.1127, Florida Statutes, is created |
| 13 | to read: |
| 14 | 24.1127 Video Lottery Administrative Trust Fund.-- |
| 15 | (1) The Video Lottery Administrative Trust Fund is |
| 16 | created, to be administered by the Department of the Lottery. |
| 17 | Funds shall be credited to and distributed from the trust fund |
| 18 | as provided in s. 24.127 to be used for the purposes specified |
| 19 | in that section. |
| 20 | (2) Notwithstanding s. 216.301 and pursuant to s. 216.351, |
| 21 | any balance in the trust fund at the end of any fiscal year |
| 22 | shall remain in the trust fund and be available for carrying out |
| 23 | the purposes of the trust fund. |
| 24 | (3) Pursuant to s. 19(f)(2), Art. III of the State |
| 25 | Constitution, the trust fund shall, unless terminated sooner, be |
| 26 | terminated on July 1, 2011. However, before its scheduled |
| 27 | termination, the trust fund shall be reviewed as provided in s. |
| 28 | 215.3206(1) and (2). |
| 29 | Section 2. This act shall take effect July 1, 2007, if HB |
| 30 | 1447 or similar legislation is adopted in the same legislative |
| 31 | session or an extension thereof and becomes law. |