Florida Senate - 2011                                    SB 1026
       By the Committee on Budget Subcommittee on Education Pre-K - 12
       602-01882-11                                          20111026__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; re-creating the
    3         Operating Trust Fund within the Department of
    4         Education without modification; repealing s.
    5         1001.281(4), F.S.; abrogating provisions relating to
    6         the termination of the trust fund, to conform;
    7         providing an effective date.
    9         WHEREAS, the Legislature wishes to extend the life of the
   10  Operating Trust Fund within the Department of Education, which
   11  is otherwise scheduled to be terminated pursuant to
   12  constitutional mandate, and
   13         WHEREAS, the Legislature has reviewed the trust fund before
   14  its scheduled termination date and has found that it continues
   15  to meet an important public purpose, and
   16         WHEREAS, the Legislature has found that existing public
   17  policy concerning the trust fund sets adequate parameters for
   18  its use, NOW, THEREFORE,
   20  Be It Enacted by the Legislature of the State of Florida:
   22         Section 1. The Operating Trust Fund within the Department
   23  of Education, FLAIR number 48-2-510, which is to be terminated
   24  pursuant to Section 19(f), Article III of the State Constitution
   25  on July 1, 2012, is re-created.
   26         Section 2. Subsection (4) of section 1001.281, Florida
   27  Statutes, is repealed.
   28         Section 3. This act shall take effect July 1, 2011.