Senate Bill sb1768

    Florida Senate - 2002                                  SB 1768

    By Senator Laurent





    17-1629-02                                              See HB

  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         570.209, F.S.; creating the Rural Lands Program

  4         Trust Fund within the Department of Agriculture

  5         and Consumer Services; providing for sources of

  6         funds and purposes; providing for annual

  7         carryforward of funds; providing for future

  8         review and termination or re-creation of the

  9         trust fund; providing a contingent effective

10         date.

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

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14         Section 1.  Section 570.209, Florida Statutes, is

15  created to read:

16         570.209  Rural Lands Program Trust Fund of the

17  Department of Agriculture and Consumer Services.--

18         (1)  There is created a Rural Lands Program Trust Fund

19  within the Department of Agriculture and Consumer Services.

20  The purpose of the trust fund is to receive funds pursuant to

21  s. 201.15(1)(c) to pay debt service on bonds issued pursuant

22  to s. 215.619.

23         (2)  Notwithstanding the provisions of s. 216.301 and

24  pursuant to s. 216.351, any balance in the trust fund at the

25  end of any fiscal year shall remain in the trust fund at the

26  end of the year and shall be available for carrying out the

27  purposes of the trust fund.

28         (3)  Pursuant to the provisions of s. 19(f)(2), Art.

29  III of the State Constitution, the trust fund shall, unless

30  terminated sooner, be terminated on July 1, 2006. Prior to its

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






    Florida Senate - 2002                                  SB 1768
    17-1629-02                                              See HB




  1  scheduled termination, the trust fund shall be reviewed as

  2  provided in s. 215.3206(1) and (2).

  3         Section 2.  This act shall take effect July 1, 2002, if

  4  Senate Bill      or similar legislation is adopted in the same

  5  legislative session or an extension thereof and becomes law.

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  8                       LEGISLATIVE SUMMARY

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      Creates the Rural Lands Program Trust Fund within the
10    Department of Agriculture and Consumer Services. Provides
      for sources of funds and purposes. Provides for annual
11    carryforward of funds. Provides for future review and
      termination or re-creation of the trust fund.
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CODING: Words stricken are deletions; words underlined are additions.