Florida Senate - 2010 SB 2656 By Senator Siplin 19-01571-10 20102656__ 1 A bill to be entitled 2 An act relating to trust funds; creating s. 25.3825, 3 F.S.; creating the Fiscal Stability Trust Fund within 4 the state courts system to be administered by the 5 Supreme Court; providing for the administration of the 6 trust fund and the use of trust fund moneys; requiring 7 balances to remain in the trust fund at the end of the 8 fiscal year; providing for future review and 9 termination or re-creation of the trust fund; 10 providing a contingent effective date. 11 12 Be It Enacted by the Legislature of the State of Florida: 13 14 Section 1. Section 25.3825, Florida Statutes, is created to 15 read: 16 25.3825 Fiscal Stability Trust Fund.— 17 (1) The Fiscal Stability Trust Fund is created within the 18 state courts system. Funds credited to the trust fund shall 19 consist of revenues appropriated from the General Revenue Fund 20 consisting of 1 percent of the state budget for the current 21 fiscal year. The trust fund shall be administered by the Supreme 22 Court. The funds shall be used to support the activities carried 23 out under this chapter and to allocate funds to a judicial 24 branch surplus or reserve fund monitored by the Legislature. As 25 a matter of public safety, the judicial branch of state 26 government shall be held harmless in years in which fiscal 27 deficits occur. 28 (2) Notwithstanding s. 216.301, and pursuant to s. 216.351, 29 any balance in the trust fund at the end of any fiscal year 30 shall remain in the trust fund and be available for carrying out 31 the purposes of the trust fund. 32 (3) Pursuant to s. 19(f)(2), Art. III of the State 33 Constitution, the trust fund shall, unless terminated sooner, be 34 terminated on July 1, 2014. Before its scheduled termination, 35 the Fiscal Stability Trust Fund shall be reviewed as provided in 36 s. 215.3206(1) and (2). 37 Section 2. This act shall take effect July 1, 2010.