Florida Senate - 2022 CS for CS for SB 1802 By the Committees on Appropriations; and Commerce and Tourism; and Senator Boyd 576-03565-22 20221802c2 1 A bill to be entitled 2 An act relating to the Broadband Pole Replacement 3 Trust Fund; creating s. 288.9965, F.S.; creating the 4 trust fund within the Department of Economic 5 Opportunity; providing the purpose of the trust fund; 6 providing that moneys credited to the trust fund shall 7 consist of certain funds; requiring that certain funds 8 in the trust fund be used in a manner consistent with 9 federal law or grant agreement for use of the funds; 10 providing that the balance in the trust fund at the 11 end of a fiscal year remains in the trust fund and is 12 available for carrying out the purposes of the trust 13 fund; providing for future legislative review and 14 termination or re-creation of the trust fund; 15 providing a contingent effective date. 16 17 Be It Enacted by the Legislature of the State of Florida: 18 19 Section 1. Section 288.9965, Florida Statutes, is created 20 to read: 21 288.9965 Broadband Pole Replacement Trust Fund.— 22 (1) The Broadband Pole Replacement Trust Fund is created 23 within the Department of Economic Opportunity for the purpose of 24 providing reimbursements to qualified applicants under the 25 Broadband Pole Replacement Program pursuant to s. 288.9964 and 26 for use by the Florida Office of Broadband in the administration 27 of that program. Moneys credited to the trust fund shall consist 28 of funds appropriated by the Legislature; funds transferred by 29 the department; interest earnings; and grants, gifts, and other 30 contributions made directly to the trust fund. Any funds in the 31 trust fund appropriated from federal funds must be used in a 32 manner consistent with federal conditions or regulations, as 33 applicable, and with any grant agreement entered into by the 34 department with the federal agency for use of the funds. 35 (2) Notwithstanding s. 216.301 and pursuant to s. 216.351, 36 any balance in the trust fund at the end of any fiscal year 37 shall remain in the trust fund at the end of the year and shall 38 be available for carrying out the purposes of the trust fund. 39 (3) In accordance with s. 19(f)(2), Art. III of the State 40 Constitution, unless terminated sooner, the Broadband Pole 41 Replacement Trust Fund shall be terminated July 1, 2026. Before 42 its scheduled termination, the trust fund shall be reviewed as 43 provided in s. 215.3206(1) and (2). 44 Section 2. This act shall take effect on the same date that 45 SB 1800 or similar legislation takes effect, if such legislation 46 is adopted in the same legislative session or an extension 47 thereof and becomes a law.