HB 7023

1	A bill to be entitled
2	An act relating to trust funds; re-creating the University
3	Concurrency Trust Fund within the Department of Education
4	without modification; carrying forward current balances
5	and continuing current sources and uses thereof; amending
6	s. 1013.63, F.S.; removing provisions relating to the
7	termination of the trust fund, to conform; providing an
8	effective date.
9
10	WHEREAS, the Legislature wishes to extend the life of the
11	University Concurrency Trust Fund within the Department of
12	Education, which is otherwise scheduled to be terminated
13	pursuant to constitutional mandate, and
14	WHEREAS, the Legislature has reviewed the trust fund before
15	its scheduled termination date and has found that it continues
16	to meet an important public purpose, and
17	WHEREAS, the Legislature has found that existing public
18	policy concerning the trust fund sets adequate parameters for
19	its use, NOW, THEREFORE,
20
21	Be It Enacted by the Legislature of the State of Florida:
22
23	Section 1.  (1)  The University Concurrency Trust Fund
24	within the Department of Education, FLAIR number 48-2-682, which
25	is to be terminated pursuant to Section 19(f), Article III of
26	the State Constitution on July 1, 2007, is re-created.
27	(2)  All current balances of the trust fund are carried
28	forward, and all current sources and uses of the trust fund are
29	continued.
30	Section 2.  Subsection (4) of section 1013.63, Florida
31	Statutes, is amended to read:
32	1013.63  University Concurrency Trust Fund.--
33	(4)  In accordance with s. 19(f)(2), Art. III of the State
34	Constitution, the University Concurrency Trust Fund shall,
35	unless terminated sooner, be terminated on July 1, 2007. Before
36	its scheduled termination, the trust fund shall be reviewed as
37	provided in s. 215.3206(1) and (2).
38	Section 3.  This act shall take effect July 1, 2007.

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