Florida Senate - 2009                             CS for SB 1156
       
       
       
       By the Committee on Communications, Energy, and Public
       Utilities; and Senator King
       
       
       
       579-03884-09                                          20091156c1
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating the Florida
    3         Renewable Energy Trust Fund within the Florida Energy
    4         and Climate Commission; requiring that the commission
    5         administer the fund; providing that moneys deposited
    6         into the fund be from federal grants for renewable
    7         energy, general revenue appropriations, moneys
    8         deposited from the carbon-reduction fee, and other
    9         sources designated by law; providing a purpose for the
   10         fund; requiring that any balance remain in the trust
   11         fund at the end of each fiscal year; providing for
   12         future review and termination or re-creation of the
   13         trust fund; providing a contingent effective date.
   14  
   15  Be It Enacted by the Legislature of the State of Florida:
   16  
   17         Section 1. (1) The Florida Renewable Energy Trust Fund is
   18  created within, and shall be administered by, the Florida Energy
   19  and Climate Commission. Moneys deposited into the trust fund
   20  shall be from federal grants made available for renewable
   21  energy, moneys appropriated from general revenue, moneys
   22  deposited from the carbon-reduction fee created in s. 525.09,
   23  Florida Statutes, donations, and other sources designated by
   24  law. The purpose of the trust fund is to provide funding to
   25  facilitate the development and implementation of renewable
   26  energy and energy-efficiency programs and projects. Of the
   27  moneys deposited from the carbon-reduction fee, 1 percent shall
   28  be used for purposes of the Solar Energy System Incentives
   29  Program created in s. 377.806, Florida Statutes, and the
   30  remainder shall be used for the purposes of the Renewable Energy
   31  and Energy-Efficient Technologies Grants Program created in s.
   32  377.804, Florida Statutes.
   33         (2) Notwithstanding s. 216.301, Florida Statutes, and
   34  pursuant to s. 216.351, Florida Statutes, any balance in the
   35  trust fund at the end of the fiscal year shall remain in the
   36  trust fund at the end of the fiscal year and be available for
   37  carrying out the purpose of the trust fund.
   38         (3) In accordance with Section 19(f)(2), Article III of the
   39  State Constitution, the trust fund shall, unless terminated
   40  sooner, be terminated on July 1, 2013. Before its scheduled
   41  termination, the trust fund shall be reviewed as provided in s.
   42  215.3206(1) and (2), Florida Statutes.
   43         Section 2. This act shall take effect July 1, 2009, but it
   44  shall not take effect unless it is enacted by a three-fifths
   45  vote of the membership of each house of the Legislature.