Florida Senate - 2011                              CS for SB 668
       
       
       
       By the Committee on Governmental Oversight and Accountability;
       and Senator Ring
       
       
       
       585-03448-11                                           2011668c1
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating the Florida
    3         Gaming Trust Fund within the Department of Gaming
    4         Control; providing the funding sources and purpose of
    5         the trust fund; requiring funds to remain in the trust
    6         fund at the end of each fiscal year; providing for
    7         future review and termination or re-creation of the
    8         trust fund; providing a contingent effective date.
    9  
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   12         Section 1. Florida Gaming Trust Fund.—
   13         (1) The Florida Gaming Trust Fund is created within the
   14  Department of Gaming Control. Moneys deposited into the fund
   15  shall be those collected from sources designated by state law.
   16  The purpose of the trust fund is to provide funding for the
   17  regulation of skill-based machine gaming and slot machine
   18  gaming.
   19         (2) Notwithstanding s. 216.301, Florida Statutes, and
   20  pursuant to s. 216.351, Florida Statutes, any balance in the
   21  trust fund at the end of any fiscal year shall remain in the
   22  trust fund at the end of the fiscal year and shall be available
   23  for carrying out the purposes of the trust fund.
   24         (3) In accordance with s. 19(f)(2), Article III of the
   25  State Constitution, the Florida Gaming Trust Fund shall, unless
   26  terminated sooner, be terminated on July 1, 2015. Before its
   27  scheduled termination, the trust fund must be reviewed as
   28  provided in s. 215.3206(1) and (2), Florida Statutes.
   29         Section 2. This act shall take effect July 1, 2011, if SB
   30  666, or similar legislation creating the Gaming Commission and
   31  the Department of Gaming Control, is adopted in the same
   32  legislative session or an extension thereof and becomes law.