Senate Bill sb2672

    Florida Senate - 2007                                  SB 2672

    By Senator Wise





    5-1956-07                                          See HB 1205

  1                      A bill to be entitled

  2         An act relating to the Charter Schools Capital

  3         Outlay Trust Fund; creating s. 1013.625, F.S.;

  4         creating the Charter Schools Capital Outlay

  5         Trust Fund in the Department of Education;

  6         providing for administration of the trust fund

  7         and use of moneys therein; requiring balances

  8         to remain in the trust fund; providing for

  9         future review and termination or re-creation of

10         the trust fund; providing a contingent

11         effective date.

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

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15         Section 1.  Section 1013.625, Florida Statutes, is

16  created to read:

17         1013.625  Charter Schools Capital Outlay Trust Fund.--

18         (1)  The Charter Schools Capital Outlay Trust Fund is

19  created within the Department of Education. Funds credited to

20  the trust fund shall consist of revenues collected from the

21  levy of nonrecurring taxes under s. 199.133. The trust fund

22  shall be administered by the department and used to allocate

23  capital outlay funds for charter schools eligible for funding

24  under s. 1013.62(1).

25         (2)  Notwithstanding s. 216.301 and pursuant to s.

26  216.351, any balance in the trust fund at the end of any

27  fiscal year shall remain in the trust fund and be available

28  for carrying out the purposes of the trust fund.

29         (3)  Pursuant to the provisions of s. 19(f)(2), Art.

30  III of the State Constitution, the trust fund shall, unless

31  terminated sooner, be terminated July 1, 2011. Prior to its

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    Florida Senate - 2007                                  SB 2672
    5-1956-07                                          See HB 1205




 1  scheduled termination, the trust fund shall be reviewed as

 2  provided in s. 215.3206(1) and (2).

 3         Section 2.  This act shall take effect July 1, 2007, if

 4  Senate Bill ____ or similar legislation is adopted in the same

 5  legislative session or an extension thereof and becomes law.

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