| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; terminating specified |
| 3 | trust funds within the Department of Education; providing |
| 4 | for disposition of balances in and revenues of such trust |
| 5 | funds; prescribing procedures for the termination of such |
| 6 | trust funds; renaming a trust fund within the department; |
| 7 | amending s. 1002.335, F.S.; conforming a reference; |
| 8 | amending s. 1012.72, F.S.; removing a reference, to |
| 9 | conform; repealing s. 1010.72, F.S., relating to the Dale |
| 10 | Hickam Excellent Teaching Program Trust Fund; repealing s. |
| 11 | 1010.76, F.S., relating to the Educational Aids Trust |
| 12 | Fund; repealing s. 1010.78, F.S., relating to the |
| 13 | Projects, Contracts, and Grants Trust Fund; providing |
| 14 | effective dates. |
| 15 |
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| 16 | Be It Enacted by the Legislature of the State of Florida: |
| 17 |
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| 18 | Section 1. (1) The following trust funds within the |
| 19 | Department of Education are terminated: |
| 20 | (a) Effective July 1, 2008, the Projects, Contracts, and |
| 21 | Grants Trust Fund, FLAIR number 48-2-552. Current balances from |
| 22 | general education development testing and the leasing of |
| 23 | available transponder time from the state's satellite |
| 24 | transponder resources in the Projects, Contracts, and Grants |
| 25 | Trust Fund, and all revenues from general education development |
| 26 | testing and the leasing of available transponder time from the |
| 27 | state's satellite transponder resources shall be transferred to |
| 28 | the Operating Trust Fund within the Department of Education, |
| 29 | FLAIR number 48-2-510. Current balances from donations remaining |
| 30 | in the Projects, Contracts, and Grants Trust Fund and all |
| 31 | revenues from donations shall be transferred to the Grants and |
| 32 | Donations Trust Fund within the Department of Education, FLAIR |
| 33 | number 48-2-339. |
| 34 | (b) The Dale Hickam Excellent Teaching Program Trust Fund, |
| 35 | FLAIR number 48-2-206. All current balances remaining in the |
| 36 | Dale Hickam Excellent Teaching Program Trust Fund and all |
| 37 | revenues of the fund shall be transferred to the General Revenue |
| 38 | Fund. |
| 39 | (2) The Department of Education shall pay any outstanding |
| 40 | debts and obligations of the terminated funds as soon as |
| 41 | practicable, and the Chief Financial Officer shall close out and |
| 42 | remove the terminated funds from various state accounting |
| 43 | systems using generally accepted accounting principles |
| 44 | concerning warrants outstanding, assets, and liabilities. |
| 45 | Section 2. The Educational Aids Trust Fund, FLAIR number |
| 46 | 48-2-180, within the Department of Education is renamed the |
| 47 | Federal Grants Trust Fund, FLAIR number 48-2-261. |
| 48 | Section 3. Paragraph (a) of subsection (3) of section |
| 49 | 1002.335, Florida Statutes, is amended to read: |
| 50 | 1002.335 Florida Schools of Excellence Commission.-- |
| 51 | (3) FLORIDA SCHOOLS OF EXCELLENCE COMMISSION.-- |
| 52 | (a) The Florida Schools of Excellence Commission is |
| 53 | established as an independent, state-level charter school |
| 54 | authorizing entity working in collaboration with the Department |
| 55 | of Education and under the supervision of the State Board of |
| 56 | Education. Startup funds necessary to establish and operate the |
| 57 | commission may be received through private contributions and |
| 58 | federal and other institutional grants through the Grants and |
| 59 | Donations Trust Fund and the Federal Grants Educational Aids |
| 60 | Trust Fund housed within the department in addition to funds |
| 61 | provided in the General Appropriations Act. The department shall |
| 62 | assist in securing federal and other institutional grant funds |
| 63 | to establish the commission. |
| 64 | Section 4. Subsection (5) of section 1012.72, Florida |
| 65 | Statutes, is amended to read: |
| 66 | 1012.72 Dale Hickam Excellent Teaching Program.-- |
| 67 | (5) The Dale Hickam Excellent Teaching Program Trust Fund |
| 68 | shall be administered by the Department of Education pursuant to |
| 69 | s. 1010.72. |
| 70 | Section 5. Sections 1010.72 and 1010.76, Florida Statutes, |
| 71 | are repealed. |
| 72 | Section 6. Effective July 1, 2008, Section 1010.78, |
| 73 | Florida Statutes, is repealed. |
| 74 | Section 7. Except as otherwise expressly provided in this |
| 75 | act, this act shall take effect July 2, 2007. |