Florida Senate - 2014                                     SB 682
       By Senator Hays
       11-00755A-14                                           2014682__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; re-creating the
    3         Federal Grants Trust Fund within the Department of
    4         Financial Services without modification; repealing s.
    5         17.67(3), F.S.; abrogating provisions relating to the
    6         termination of the trust fund, to conform; providing
    7         an effective date.
    9         WHEREAS, the Legislature wishes to extend the life of the
   10  Federal Grants Trust Fund within the Department of Financial
   11  Services, which is otherwise scheduled to be terminated pursuant
   12  to 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 serve 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 Federal Grants Trust Fund within the
   23  Department of Financial Services, FLAIR number 43-2-261, which
   24  is to be terminated pursuant to Section 19(f)(2), Article III of
   25  the State Constitution on July 1, 2015, is re-created.
   26         Section 2. Subsection (3) of section 17.67, Florida
   27  Statutes, is repealed.
   28         Section 3. This act shall take effect July 1, 2014.