1 | A bill to be entitled |
2 | An act relating to trust funds; creating the Federal |
3 | Grants Trust Fund within the Department of Management |
4 | Services; providing for the purpose of the trust fund and |
5 | sources of funds; providing for future review and |
6 | termination or re-creation of the trust fund; providing a |
7 | contingent effective date. |
8 |
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9 | Be It Enacted by the Legislature of the State of Florida: |
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11 | Section 1. Federal Grants Trust Fund.- |
12 | (1) The Federal Grants Trust Fund is created within the |
13 | Department of Management Services. |
14 | (2) The trust fund is established for use as a depository |
15 | for funds to be used for allowable grant activities funded by |
16 | restricted program revenues from federal sources. Moneys to be |
17 | credited to the trust fund shall consist of grants and funding |
18 | from the Federal Government, interest earnings, and cash |
19 | advances from other trust funds. Funds shall be expended only |
20 | pursuant to legislative appropriation or an approved amendment |
21 | to the department's operating budget pursuant to the provisions |
22 | of chapter 216, Florida Statutes. |
23 | (3) In accordance with s. 19(f)(2), Article III of the |
24 | State Constitution, the Federal Grants Trust Fund shall, unless |
25 | terminated sooner, be terminated on July 1, 2014. Before its |
26 | scheduled termination, the trust fund shall be reviewed as |
27 | provided in s. 215.3206(1) and (2), Florida Statutes. |
28 | Section 2. This act shall take effect July 1, 2010, but |
29 | this act shall not take effect unless it is enacted by a three- |
30 | fifths vote of the membership of each house of the Legislature. |