Senate Bill sb2026

    Florida Senate - 2007                                  SB 2026

    By Senator Bennett





    21-1868-07

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Florida Alternative Electric Energy Trust Fund;

  4         providing for sources of funds and purposes;

  5         requiring funds to remain in the trust fund at

  6         the end of each fiscal year; providing for

  7         future review and termination or re-creation of

  8         the fund; providing a contingent effective

  9         date.

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11  Be It Enacted by the Legislature of the State of Florida:

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13         Section 1.  (1)  The Florida Alternative Electric

14  Energy Trust Fund is created within, and shall be administered

15  by, the Florida Public Service Commission. Moneys deposited

16  into the fund shall be those collected from sources designated

17  by law, federal moneys made available for alternative energy

18  uses, donations, or moneys appropriated from the General

19  Revenue Fund. The purpose of the trust fund is to provide

20  funding for the Florida Alternative Energy Technology Center

21  in fulfilling its statutory duties.

22         (2)  Notwithstanding s. 216.301, Florida Statutes, and

23  under s. 216.351, Florida Statutes, any balance in the trust

24  fund at the end of any fiscal year shall remain in the trust

25  fund at the end of the fiscal year and shall be available for

26  carrying out the purposes of the trust fund.

27         (3)  In accordance with Section 19(f)(2), Article III

28  of the State Constitution, the trust fund must, unless

29  terminated sooner, be terminated on July 1, 2011. Before its

30  scheduled termination, the trust fund must be reviewed as

31  provided in s. 215.3206(1) and (2), Florida Statutes.

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    Florida Senate - 2007                                  SB 2026
    21-1868-07




 1         Section 2.  This act shall take effect on the same date

 2  as SB ____ or similar legislation takes effect, if such

 3  legislation is enacted in the same legislative session, or an

 4  extension thereof, and becomes law, but this act shall not

 5  take effect unless it is enacted by a three-fifths vote of the

 6  membership of each house of the Legislature.

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 9                          SENATE SUMMARY

10    Creates the Florida Alternative Electric Energy Trust
      Fund for the purpose of funding the Florida Alternative
11    Energy Technology Center. Provides for future review and
      termination or re-creation of the trust fund.
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CODING: Words stricken are deletions; words underlined are additions.