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SB 210 — Clearing Funds Trust Funds/Department of State

by Gardiner

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Appropriations Committee (AP)

SB 210 (Chapter 2013-8, L.O.F.) re-creates, without modification, the Clearing Funds Trust Fund within the Department of State.

 Pursuant to s. 215.32(2)(b)2.f., F.S., a clearing funds trust fund is used as a depository for funds to account for collections pending distribution to lawful recipients.  Funds deposited in this trust fund consist of candidate filing fees, notary surcharges, campaign finance contributions, elections assessments, and cable franchise fees.

These provisions were approved by the Governor and take effect July 1, 2013.

Vote: Senate 39-0; House 116-0