Florida Senate - 2011 CONFERENCE COMMITTEE AMENDMENT Bill No. SB 2154 Barcode 407470 LEGISLATIVE ACTION Senate . House . . . Floor: AD/CR . 05/06/2011 05:44 PM . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Conference Committee on SB 2154 recommended the following: 1 Senate Conference Committee Amendment (with title 2 amendment) 3 4 Delete everything after the enacting clause 5 and insert: 6 Section 1. Section 14.235, Florida Statutes, is created to 7 read: 8 14.235 Federal Grants Trust Fund; Executive Office of the 9 Governor.— 10 (1) The Federal Grants Trust Fund is created within the 11 Executive Office of the Governor. 12 (2) The trust fund is established for use as a depository 13 for funds to be used for allowable grant activities funded by 14 restricted program revenues from federal sources. Moneys to be 15 credited to the trust fund shall consist of grants and funding 16 from the Federal Government, interest earnings, and cash 17 advances from other trust funds. Funds shall be expended only 18 pursuant to legislative appropriation or an approved amendment 19 to the office’s operating budget pursuant to the provisions of 20 chapter 216. 21 (3) Notwithstanding s. 216.301 and pursuant to s. 216.351, 22 any balance in the trust fund at the end of any fiscal year 23 shall remain in the trust fund at the end of the year and shall 24 be available for carrying out the purposes of the trust fund. 25 (4) In accordance with s. 19(f)(2), Art. III of the State 26 Constitution, the trust fund shall, unless terminated sooner, be 27 terminated on July 1, 2015. Before its scheduled termination, 28 the trust fund shall be reviewed as provided in s. 215.3206(1) 29 and (2). 30 Section 2. This act shall take effect July 1, 2011, except 31 that this act shall not take effect unless it is enacted by a 32 three-fifths vote of the membership of each house of the 33 Legislature. 34 35 ================= T I T L E A M E N D M E N T ================ 36 And the title is amended as follows: 37 Delete everything before the enacting clause 38 and insert: 39 A bill to be entitled 40 An act relating to trust funds; creating s. 14.235, 41 F.S.; creating the Federal Grants Trust Fund within 42 the Executive Office of the Governor; providing for 43 sources of funds and purposes; providing for annual 44 carryforward of trust fund balances; providing for 45 future review and termination or re-creation of the 46 trust fund; providing an effective date.