Senate Bill 0498er

    ENROLLED

    2000 Legislature                                        SB 498



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  2         An act relating to trust funds; re-creating the

  3         Operating Trust Fund within the Department of

  4         Community Affairs without modification;

  5         carrying forward current balances and

  6         continuing current sources and uses thereof;

  7         providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Operating Trust Fund within the Department of Community

11  Affairs, which is otherwise scheduled to be terminated

12  pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the trust fund

14  before its scheduled termination date and has found that it

15  continues 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,

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

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22         Section 1.  (1)  The Operating Trust Fund within the

23  Department of Community Affairs, FLAIR number 52-2-510, which

24  is to be terminated pursuant to Section 19(f), Article III of

25  the State Constitution on November 4, 2000, is re-created.

26         (2)  All current balances of the trust fund are carried

27  forward, and all current sources and uses of the trust fund

28  are continued.

29         Section 2.  This act shall take effect November 4,

30  2000.

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