Florida Senate - 2020 SB 1264 By Senator Bracy 11-01688-20 20201264__ 1 A bill to be entitled 2 An act relating to trust funds; creating s. 16.631, 3 F.S.; creating the Ocoee Election Day Riots Descendant 4 Compensation Trust Fund within the Department of Legal 5 Affairs; specifying the purpose and the funding source 6 of the trust fund; requiring the department to 7 administer the trust fund; providing for the carrying 8 forward of undisbursed funds; providing for future 9 review and termination or re-creation of the trust 10 fund; providing an appropriation; providing a 11 contingent effective date. 12 13 Be It Enacted by the Legislature of the State of Florida: 14 15 Section 1. Section 16.631, Florida Statutes, is created to 16 read: 17 16.631 Ocoee Election Day Riots Descendant Compensation 18 Trust Fund.— 19 (1) The Ocoee Election Day Riots Descendant Compensation 20 Trust Fund is created within the Department of Legal Affairs. 21 (2) The trust fund is established for use as a depository 22 for funds to be used for the Ocoee Election Day Riots Descendant 23 Compensation Fund Program established under s. 16.63. 24 (3) The trust fund shall consist of funds appropriated by 25 the Legislature for the purpose of compensating claimants under 26 s. 16.63. 27 (4) The department shall administer the trust fund. 28 (5) 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 at the end of the year and shall 31 be available for carrying out the purposes of the trust fund. 32 (6) In accordance with s. 19(f)(2), Art. III of the State 33 Constitution, the trust fund shall, unless terminated sooner, be 34 terminated July 1, 2024. Before its scheduled termination, the 35 trust fund shall be reviewed as provided in s. 215.3206(1) and 36 (2). 37 Section 2. For the 2020-2021 fiscal year, the nonrecurring 38 sum of $25 million is appropriated from the General Revenue Fund 39 to the Ocoee Election Day Riots Descendant Compensation Trust 40 Fund to be used as prescribed in s. 16.63, Florida Statutes. 41 Section 3. This act shall take effect on the same date that 42 SB ___ or similar legislation takes effect, if such legislation 43 is adopted in the same legislative session or an extension 44 thereof and becomes a law.