| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; creating s. 16.618, F.S.; |
| 3 | creating the Federal Grants Trust Fund within the |
| 4 | Department of Legal Affairs; providing for sources of |
| 5 | funds and purposes; providing for future review and |
| 6 | termination or re-creation of the trust fund; providing an |
| 7 | effective date. |
| 8 |
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| 9 | Be It Enacted by the Legislature of the State of Florida: |
| 10 |
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| 11 | Section 1. Section 16.618, Florida Statutes, is created to |
| 12 | read: |
| 13 | 16.618 Federal Grants Trust Fund.-- |
| 14 | (1) The Federal Grants Trust Fund is created within the |
| 15 | Department of Legal Affairs. |
| 16 | (2) The fund is established for use as a depository for |
| 17 | funds to be used for allowable grant activities funded by |
| 18 | restricted program revenues. Moneys to be credited to the trust |
| 19 | fund include grants and other funds from the Federal Government. |
| 20 | (3) In accordance with s. 19(f)(2), Art. III of the State |
| 21 | Constitution, the Federal Grants Trust Fund within the |
| 22 | Department of Legal Affairs shall, unless terminated sooner, be |
| 23 | terminated on July 1, 2011. Before its scheduled termination, |
| 24 | the trust fund shall be reviewed as provided in s. 215.3206(1) |
| 25 | and (2). |
| 26 | Section 2. This act shall take effect July 1, 2007. |