Florida Senate - 2008 (Reformatted) SB 416
By Senator Bennett
21-00433-08 2008416__
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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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Alternative Energy Center Trust Fund; providing for
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sources of funds and purposes; requiring funds to remain
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in the trust fund at the end of each fiscal year;
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providing for future review and termination or re-creation
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of the fund; providing a contingent effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. (1) The Florida Alternative Energy Center Trust
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Fund is created within, and shall be administered by, the Office
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of Tourism, Trade, and Economic Development. Moneys deposited
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into the fund shall be those collected from sources designated by
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law, federal moneys made available for alternative energy uses,
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donations, or moneys appropriated from the General Revenue Fund.
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The purpose of the trust fund is to provide funding for the
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Florida Alternative Energy Center in fulfilling its statutory
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duties.
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(2) Notwithstanding s. 216.301, Florida Statutes, and under
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s. 216.351, Florida Statutes, any balance in the trust fund at
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the end of any fiscal year shall remain in the trust fund at the
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end of the fiscal year and shall be available for carrying out
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the purposes of the trust fund.
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(3) In accordance with Section 19(f)(2), Article III of the
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State Constitution, the trust fund must, unless terminated
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sooner, be terminated on July 1, 2012. Before its scheduled
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termination, the trust fund must be reviewed as provided in s.
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215.3206(1) and (2), Florida Statutes.
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Section 2. This act shall take effect on the same date as
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SB ___ or similar legislation takes effect, if such legislation
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is enacted in the same legislative session, or an extension
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thereof, and becomes law, but this act shall not take effect
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unless it is enacted by a three-fifths vote of the membership of
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each house of the Legislature.
CODING: Words stricken are deletions; words underlined are additions.