SB 1032 — Federal Grants Trust Fund/Department of Environmental Protection
by Budget Subcommittee on General Government Appropriations
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Budget Subcommittee on General Government Appropriations Committee (BGA)
The bill (Chapter 2011-26, L.O.F.) re-creates the Federal Grants Trust Fund, FLAIR number 37-2-261, within the Department of Environmental Protection without modification. The trust fund serves as a repository for funds to be used for allowable grant activities funded by restricted program revenues from federal sources. The bill has no fiscal impact on state agencies or state funds, on local governments as a whole, or on the private sector. It simply re-creates, without modification, an existing state trust fund and continues the current use of the fund.
These provisions were approved by the Governor and take effect July 1, 2011.
Vote: Senate 40-0; House 118-0