Senate Bill 0640
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2000 (NP) SB 640
By Senator Brown-Waite
309-568-00 See HB
1 A bill to be entitled
2 An act relating to trust funds; re-creating the
3 Arbitrage Compliance Trust Fund within the
4 State Board of Administration without
5 modification; carrying forward current balances
6 and continuing current sources and uses
7 thereof; providing an effective date.
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9 WHEREAS, the Legislature wishes to extend the life of
10 the Arbitrage Compliance Trust Fund within the State Board of
11 Administration, 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 Arbitrage Compliance Trust Fund
23 within the State Board of Administration, which is to be
24 terminated pursuant to Section 19(f), Article III of the State
25 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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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2000 (NP) SB 640
309-568-00 See HB
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2 HOUSE SUMMARY
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Re-creates the Arbitrage Compliance Trust Fund within the
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