House Bill hb1985

    Florida House of Representatives - 2002                HB 1985

        By the Council for Competitive Commerce and Representative
    Flanagan





  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         20.123, F.S.; creating the Administrative Trust

  4         Fund within the Office of Chief Financial

  5         Officer; providing for purposes and sources of

  6         funds; providing for annual carryforward of

  7         fund balances; providing for future review and

  8         termination or re-creation of the trust fund;

  9         providing a contingent effective date.

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

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13         Section 1.  Section 20.123, Florida Statutes, is

14  created to read:

15         20.123  Administrative Trust Fund of the Office of

16  Chief Financial Officer.--

17         (1)  The Administrative Trust Fund is created within

18  the Office of Chief Financial Officer.

19         (2)  Funds shall be used for the purpose of supporting

20  the administrative functions of the office as required by law,

21  pursuant to legislative appropriation or an approved amendment

22  to the agency's operating budget pursuant to the provisions of

23  chapter 216.

24         (3)  Notwithstanding the provisions of s. 216.301 and

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

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

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

28  purposes of the trust fund.

29         (4)  Pursuant to the provisions of s. 19(f)(2), Art.

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

31  terminated sooner, be terminated on January 7, 2007. Prior to

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






    Florida House of Representatives - 2002                HB 1985

    402-128-02






  1  its scheduled termination, the trust fund shall be reviewed as

  2  provided in s. 215.3206.

  3         Section 2.  This act shall take effect January 7, 2003,

  4  if CS/HB 577 or similar legislation creating the Office of

  5  Chief Financial Officer is adopted in the same legislative

  6  session or an extension thereof and becomes law.

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  9                          HOUSE SUMMARY

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      Creates the Administrative Trust Fund within the Office
11    of Chief Financial Officer.

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