Florida Senate - 2021 SB 1942 By Senator Powell 30-01239-21 20211942__ 1 A bill to be entitled 2 An act relating to trust funds; amending s. 20.195, 3 F.S.; creating the Child Care Trust Fund within the 4 Department of Children and Families; providing the 5 purpose of the trust fund; providing for future review 6 and termination or re-creation of the trust fund; 7 providing a contingent effective date. 8 9 Be It Enacted by the Legislature of the State of Florida: 10 11 Section 1. Subsection (11) is added to section 20.195, 12 Florida Statutes, to read: 13 20.195 Department of Children and Families; trust funds. 14 The following trust funds shall be administered by the 15 Department of Children and Families: 16 (11) Child Care Trust Fund. 17 (a) The Child Care Trust Fund is created within the 18 Department of Children and Families. Funds credited to the trust 19 fund shall be used for universal daycare and preschool credits 20 to completely fund or reduce the cost of childcare services for 21 parents and for other such purposes as may be appropriate. 22 (b) Notwithstanding the provisions of s. 216.301 and 23 pursuant to s. 216.351, any balance in the trust fund at the end 24 of any fiscal year shall remain in the trust fund at the end of 25 the year and shall be available for carrying out the purposes of 26 the trust fund. 27 (c) In accordance with s. 19(f)(2), Art. III of the State 28 Constitution, the Child Care Trust Fund shall, unless terminated 29 sooner, be terminated on July 1, 2025. Before its scheduled 30 termination, the trust fund shall be reviewed as provided in s. 31 215.3206(1) and (2). 32 Section 2. This act shall take effect on the same date that 33 SB ___ or similar legislation takes effect, if such legislation 34 is adopted in the same legislative session or an extension 35 thereof and becomes a law.