Florida Senate - 2008 SB 1166
By Senator Ring
A bill to be entitled
An act relating to trust funds; creating the Florida
Gaming Trust Fund within the Department of Gaming Control;
providing the sources and purpose of the trust fund;
requiring funds to remain in the trust fund at the end of
each fiscal year; providing for future review and
termination or re-creation of the trust fund; providing a
contingent effective date.
Be It Enacted by the Legislature of the State of Florida:
Section 1. Florida Gaming Trust Fund.--
(1) There is created the Florida Gaming Trust Fund within
the Department of Gaming Control. Moneys deposited in the fund
shall be those collected from sources designated by state law.
The purpose of the trust fund is to provide funding for the
regulation of skill-based machine gaming and slot machine gaming.
(2) Notwithstanding s. 216.301, Florida Statutes, and
pursuant to s. 216.351, Florida Statutes, any balance in the
trust fund at the end of any fiscal year shall remain in the
trust fund at the end of the fiscal year and shall be available
for carrying out the purposes of the trust fund.
(3) In accordance with s. 19(f)(2), Art. III of the State
Constitution, the trust fund must, unless terminated sooner, be
terminated on July 1, 2012. Before its scheduled termination, the
trust fund must be reviewed as provided in s. 215.3206(1) and
(2), Florida Statutes.
Section 2. This act shall take effect July 1, 2008, if SB
____, or similar legislation creating the Florida Gaming
Commission and the Department of Gaming Control, is adopted in
the same legislative session or an extension thereof and becomes
CODING: Words stricken are deletions; words underlined are additions.