Senate Bill 0716

    Florida Senate - 1999                                   SB 716

    By Senators Mitchell and Forman





    4-673-99                                                See HB

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Florida World War II Veterans Memorial Matching

  4         Trust Fund within the Department of Veterans'

  5         Affairs; providing for sources of moneys and

  6         purposes; providing for future review and

  7         termination or re-creation of the trust fund;

  8         providing a contingent effective date.

  9

10  Be It Enacted by the Legislature of the State of Florida:

11

12         Section 1.  The Florida World War II Veterans Memorial

13  Matching Trust Fund is hereby created, to be administered by

14  the Department of Veterans' Affairs.  Funds shall be credited

15  to the trust fund as provided in SB     or similar

16  legislation, to be used for the purposes set forth therein.

17         Section 2.  (1)  Pursuant to the provisions of Section

18  19(f)(2), Article III of the State Constitution, the Florida

19  World War II Veterans Memorial Matching Trust Fund shall,

20  unless terminated sooner, be terminated on July 1, 2003.

21         (2)  Prior to the regular legislative session

22  immediately preceding the date on which the trust fund is

23  scheduled to be terminated, the Department of Veterans'

24  Affairs and the Governor shall recommend to the President of

25  the Senate and the Speaker of the House of Representatives

26  whether the trust fund should be allowed to terminate or

27  should be re-created.  These recommendations shall be based on

28  a review of the purpose and use of the trust fund and a

29  determination of whether the trust fund will continue to be

30  necessary.  A recommendation to re-create the trust fund may

31  include suggested modifications to the purposes, sources of

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 1999                                   SB 716
    4-673-99                                                See HB




  1  receipts, and allowable expenditures for the trust fund.  The

  2  department's recommendation shall be made as a part of its

  3  legislative budget request to the Legislature pursuant to

  4  section 216.023, Florida Statutes.  The Governor's

  5  recommendation shall be made as a part of the recommended

  6  budget presented to the Legislature pursuant to section

  7  216.162, Florida Statutes.

  8         (3)  If the trust fund is terminated, the Department of

  9  Veterans' Affairs shall pay any outstanding debts or

10  obligations of the trust fund as soon as practicable and the

11  Comptroller shall close out and remove the trust fund from the

12  various state accounting systems, using generally accepted

13  accounting practices concerning warrants outstanding, assets,

14  and liabilities.

15         Section 3.  This act shall take effect July 1, 1999, if

16  SB     or similar legislation is adopted in the same

17  legislative session or an extension thereof.

18

19            *****************************************

20                       LEGISLATIVE SUMMARY

21
      Creates the Florida World War II Veterans Memorial
22    Matching Trust Fund within the Department of Veterans'
      Affairs, and provides for its sources of moneys and
23    purposes.  Provides for future review and termination or
      re-creation of the trust fund.
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