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A bill to be entitled

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An act relating to trust funds; creating the Florida

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Gaming Trust Fund within the Department of Gaming Control;

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providing the sources and purpose of the trust fund;

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requiring funds to remain in the trust fund at the end of

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each fiscal year; providing for future review and

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termination or re-creation of the trust fund; providing a

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contingent effective date.

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Be It Enacted by the Legislature of the State of Florida:

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     Section 1. Florida Gaming Trust Fund.--

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     (1) There is created the Florida Gaming Trust Fund within

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the Department of Gaming Control. Moneys deposited in the fund

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shall be those collected from sources designated by state law.

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The purpose of the trust fund is to provide funding for the

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regulation of skill-based machine gaming and slot machine gaming.

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     (2) Notwithstanding s. 216.301, Florida Statutes, and

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pursuant to s. 216.351, Florida Statutes, any balance in the

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trust fund at the end of any fiscal year shall remain in the

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trust fund at the end of the fiscal year and shall be available

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for carrying out the purposes of the trust fund.

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     (3) In accordance with s. 19(f)(2), Art. III of the State

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Constitution, the trust fund must, unless terminated sooner, be

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terminated on July 1, 2012. Before its scheduled termination, the

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trust fund must be reviewed as provided in s. 215.3206(1) and

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(2), Florida Statutes.

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     Section 2.  This act shall take effect July 1, 2008, if SB

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____, or similar legislation creating the Florida Gaming

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Commission and the Department of Gaming Control, is adopted in

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the same legislative session or an extension thereof and becomes

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law.