Florida Senate - 2011         (PROPOSED COMMITTEE BILL) SPB 7046
       
       
       
       FOR CONSIDERATION By the Committee on Budget Subcommittee on
       Transportation, Tourism, and Economic Development Appropriations
       
       
       
       606-00483-11                                          20117046__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; terminating the
    3         International Registration Clearing Trust Fund within
    4         the Department of Highway Safety and Motor Vehicles;
    5         providing for the disposition of balances in and
    6         revenues of the trust fund; prescribing procedures for
    7         terminating the trust fund; repealing s. 2(4)(a), ch.
    8         2004-235, Laws of Florida, relating to an exemption
    9         from termination provided for the trust fund;
   10         providing an effective date.
   11  
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. (1) The International Registration Clearing
   15  Trust Fund within the Department of Highway Safety and Motor
   16  Vehicles, FLAIR number 76-2-410, is terminated.
   17         (2) All current balances remaining in, and all revenues of,
   18  the trust fund shall be transferred to the General Revenue Fund.
   19         (3) The Department of Highway Safety and Motor Vehicles
   20  shall pay any outstanding debts and obligations of the
   21  terminated fund as soon as practicable, and the Chief Financial
   22  Officer shall close out and remove the terminated fund from the
   23  various state accounting systems using generally accepted
   24  accounting principles concerning warrants outstanding, assets,
   25  and liabilities.
   26         Section 2. Paragraph (a) of subsection (4) of section 2 of
   27  chapter 2004-235, Laws of Florida, is repealed.
   28         Section 3. This act shall take effect July 1, 2011.