HB 7069

1	A bill to be entitled
2	An act relating to the Pari-mutuel Wagering Trust Fund;
3	amending s. 550.135, F.S.; providing for use of certain
4	funds received from regulation of slot machine facilities;
5	providing an effective date.
6
7	Be It Enacted by the Legislature of the State of Florida:
8
9	Section 1.  Subsection (2) of section 550.135, Florida
10	Statutes, is amended, and subsection (3) is added to that
11	section, to read:
12	550.135  Division of moneys derived under this law.--All
13	moneys that are deposited with the Chief Financial Officer to
14	the credit of the Pari-mutuel Wagering Trust Fund shall be
15	distributed as follows:
16	(2)  All unappropriated funds in excess of $1.5 million in
17	the Pari-mutuel Wagering Trust Fund, collected pursuant to this
18	chapter, shall be deposited with the Chief Financial Officer to
19	the credit of the General Revenue Fund.
20	(3)  The slot machine license fee, the slot machine
21	occupational license fee, and the compulsive or addictive
22	gambling prevention program fee collected pursuant to ss.
23	551.106, 551.107(2)(a)1., and 551.118 shall be used to fund the
24	direct and indirect operating expenses of the division's slot
25	machine regulation operations and to provide funding for the
26	relevant enforcement activities of the Department of Law
27	Enforcement in accordance with authorized appropriations. Funds
28	deposited into the Pari-mutuel Wagering Trust Fund pursuant to
29	ss. 551.106, 551.107(2)(a)1., and 551.118 shall be reserved in
30	the trust fund for the direct and indirect operating expenses of
31	slot machine regulation operations for the subsequent fiscal
32	year. Any unappropriated funds in excess of the division's slot
33	machine regulation appropriations for the subsequent fiscal year
34	shall be deposited with the Chief Financial Officer to the
35	credit of the General Revenue Fund.
36	Section 2.  This act shall take effect upon becoming a law.

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