Florida Senate - 2021 (PROPOSED BILL) SPB 7054
FOR CONSIDERATION By the Committee on Appropriations
1 A bill to be entitled
2 An act relating to trust funds; re-creating the
3 Triumph Gulf Coast Trust Fund within the Department of
4 Economic Opportunity without modification; amending s.
5 288.80125, F.S.; removing provisions relating to the
6 termination of the trust fund; providing an effective
9 WHEREAS, the Legislature wishes to extend the life of the
10 Triumph Gulf Coast Trust Fund within the Department of Economic
11 Opportunity which is otherwise scheduled to be terminated
12 pursuant 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 meet 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 Triumph Gulf Coast Trust Fund within the
23 Department of Economic Opportunity, FLAIR number 40-2-043, which
24 is to be terminated pursuant to Section 19(f), Article III of
25 the State Constitution on July 1, 2021, is re-created.
26 Section 2. Subsection (3) of section 288.80125, Florida
27 Statutes, is amended to read:
28 288.80125 Triumph Gulf Coast Trust Fund.—
(3) In accordance with s. 19(f)(2), Art. III of the State
30 Constitution, the Triumph Gulf Coast Trust Fund shall, unless
31 terminated sooner, be terminated on July 1, 2021. Before its
32 scheduled termination, the trust fund shall be reviewed as
33 provided in s. 215.3206(1) and (2).
34 Section 3. This act shall take effect upon becoming a law.