Florida Senate - 2012                                    SB 1526
       
       
       
       By Senator Siplin
       
       
       
       
       19-01052A-12                                          20121526__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating s. 25.3825,
    3         F.S.; creating the Fiscal Stability Trust Fund within
    4         the state courts system to be administered by the
    5         Supreme Court; providing for the administration of the
    6         trust fund and the use of trust fund moneys; requiring
    7         balances to remain in the trust fund at the end of the
    8         fiscal year; providing for future review and
    9         termination or re-creation of the trust fund;
   10         providing a contingent effective date.
   11  
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Section 25.3825, Florida Statutes, is created to
   15  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  equal to 1 percent of the state budget for the current fiscal
   21  year. The trust fund shall be administered by the Supreme Court.
   22  The funds shall be used to support the activities carried out
   23  under ss. 25.382 and 29.004 and to allocate funds to a judicial
   24  branch surplus or reserve fund monitored by the Legislature. As
   25  a matter of public safety, the judicial branch of state
   26  government shall be held harmless in years in which fiscal
   27  deficits occur.
   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, 2016. Before its scheduled termination,
   35  the Fiscal Stability Trust Fund shall be reviewed as provided in
   36  s. 215.3206(1) and (2).
   37         Section 2. This act shall take effect July 1, 2012, if
   38  Senate Bill ____ or similar legislation is adopted in the same
   39  legislative session, or an extension thereof, and becomes law,
   40  but this act shall not take effect unless enacted by a three
   41  fifths vote of the membership of each house of the Legislature.