| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; creating s. 25.3825, F.S.; |
| 3 | creating the Fiscal Stability Trust Fund within the state |
| 4 | courts system to be administered by the Supreme Court; |
| 5 | providing for fund revenues; providing for administration |
| 6 | of the trust fund and use of moneys in the fund; requiring |
| 7 | balances to remain in the trust fund at the end of the |
| 8 | fiscal year; providing for future review and termination |
| 9 | or re-creation of the trust fund; providing a contingent |
| 10 | effective date. |
| 11 |
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| 12 | Be It Enacted by the Legislature of the State of Florida: |
| 13 |
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| 14 | Section 1. Section 25.3825, Florida Statutes, is created |
| 15 | to 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 s. 25.382 and to allocate funds to a judicial branch |
| 24 | surplus or reserve fund monitored by the Legislature. The |
| 25 | judicial branch of state government shall be held harmless in |
| 26 | years of fiscal deficits in the state as a matter of public |
| 27 | safety. |
| 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 trust fund shall be reviewed as provided in s. 215.3206(1) |
| 36 | and (2). |
| 37 | Section 2. This act shall take effect July 1, 2010, if |
| 38 | House Bill 735 or similar legislation is adopted in the same |
| 39 | legislative session or an extension thereof and becomes a law. |