1

A bill to be entitled

2

An act relating to trust funds; creating s. 445.061, F.S.;

3

creating the Florida Business and Workforce

4

Competitiveness Trust Fund within the Agency for Workforce

5

Innovation; providing for sources of funds and purposes;

6

providing for annual carryforward of funds; providing for

7

future review and termination or re-creation of the trust

8

fund; providing a contingent effective date.

9

10

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

11

12

     Section 1.  Section 445.061, Florida Statutes, is created to

13

read:

14

     445.061 Florida Business and Workforce Competitiveness

15

Trust Fund.--

16

     (1) The Florida Business and Workforce Competitiveness

17

Trust Fund is created within the Agency for Workforce Innovation

18

and shall be administered by the regional workforce boards, as

19

defined in s. 445.007, upon allocation by Workforce Florida, Inc.

20

Funds credited to the trust fund shall consist of employment

21

training investment assessments from employer contributions under

22

s. 443.131.

23

     (2) The trust fund is established for use as a depository

24

for funds to be used for the purposes of the Florida Business and

25

Workforce Competitiveness Program established in s. 445.06.

26

     (3) Notwithstanding s. 216.301 and pursuant to s. 216.351,

27

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

28

remain in the trust fund at the end of the year and shall be

29

available for carrying out the purpose of the trust fund.

30

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

31

Constitution, the Florida Business and Workforce Competitiveness

32

Trust Fund shall, unless terminated sooner, be terminated on July

33

1, 2012. Before its scheduled termination, the trust fund shall

34

be reviewed as provided in s. 215.3206(1) and (2).

35

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

36

Senate Bill ___, or similar legislation, is adopted in the same

37

legislative session or an extension thereof and becomes law.