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SB 680 — Federal Grants Trust Fund/Department of Business and Professional Regulation

by Senator Hays

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)

The bill re-creates the Federal Grants Trust Fund, without modification, within the Department of Business and Professional Regulation. This fund serves as a depository for grants and funding from the federal government.

If approved by the Governor, these provisions take effect July 1, 2014.

Vote: Senate 40-0; House 116-0