| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; creating the Audit and |
| 3 | Warrant Clearing Trust Fund within the Department of |
| 4 | Revenue; providing for sources of funds and purposes; |
| 5 | providing for future review and termination or re-creation |
| 6 | of the trust fund; providing an effective date. |
| 7 |
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| 8 | Be It Enacted by the Legislature of the State of Florida: |
| 9 |
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| 10 | Section 1. Audit and Warrant Clearing Trust Fund.-- |
| 11 | (1) The Audit and Warrant Clearing Trust Fund is created |
| 12 | within the Department of Revenue. |
| 13 | (2) The trust fund is established for use as a depository |
| 14 | for audit receipts, warrant receipts, and governmental |
| 15 | leaseholds receipts and for subsequent distributions to |
| 16 | appropriate entities and accounts. |
| 17 | (3) In accordance with s. 19(f)(2), Art. III of the State |
| 18 | Constitution, the Audit and Warrant Clearing Trust Fund shall, |
| 19 | unless terminated sooner, be terminated on July 1, 2011. Before |
| 20 | its scheduled termination, the trust fund shall be reviewed as |
| 21 | provided in s. 215.3206(1) and (2), Florida Statutes. |
| 22 | Section 2. This act shall take effect July 1, 2007. |