Florida Senate - 2011                                    SB 1034
       
       
       
       By the Committee on Budget Subcommittee on General Government
       Appropriations
       
       
       
       601-01870-11                                          20111034__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; re-creating the
    3         Federal Grants Trust Fund within the Department of
    4         Revenue without modification; repealing s. 215.197(3),
    5         F.S.; abrogating provisions relating to the
    6         termination of the trust fund, to conform; providing
    7         an effective date.
    8  
    9         WHEREAS, the Legislature wishes to extend the life of the
   10  Federal Grants Trust Fund within the Department of Revenue,
   11  which is otherwise scheduled to be terminated pursuant to
   12  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,
   19  
   20  Be It Enacted by the Legislature of the State of Florida:
   21  
   22         Section 1. The Federal Grants Trust Fund within the
   23  Department of Revenue, FLAIR number 73-2-261, which is to be
   24  terminated pursuant to Section 19(f), Article III of the State
   25  Constitution on July 1, 2012, is re-created.
   26         Section 2. Subsection (3) of section 215.197, Florida
   27  Statutes, is repealed.
   28         Section 3. This act shall take effect July 1, 2011.