Senate Bill sb2026c1

    Florida Senate - 2007                           CS for SB 2026

    By the Committee on Communications and Public Utilities; and
    Senator Bennett




    579-2522-07

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Florida Alternative Energy Center 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 Energy Center

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

15  the Office of Tourism, Trade, and Economic Development. Moneys

16  deposited into the fund shall be those collected from sources

17  designated by law, federal moneys made available for

18  alternative energy uses, donations, or moneys appropriated

19  from the General Revenue Fund. The purpose of the trust fund

20  is to provide funding for the Florida Alternative Energy

21  Center 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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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2007                           CS for SB 2026
    579-2522-07




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

 2  as SB 996 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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 8          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
 9                         Senate Bill 2026

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11  Committee Substitute for Senate Bill 2026 provides for
    administration of the trust fund by the Office of Tourism,
12  Trade, and Economic Development instead of the Public Service
    Commission, changes the name of the
13  alternative-energy-development entity, and specifies that the
    bill is tied to SB 996.
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CODING: Words stricken are deletions; words underlined are additions.