House Bill hb0297

    Florida House of Representatives - 2002                 HB 297

        By Representative Littlefield






  1                      A bill to be entitled

  2         An act relating to the Florida Healthy Kids

  3         Corporation; amending s. 409.818, F.S.;

  4         authorizing the corporation to establish and

  5         manage an operating fund; limiting the

  6         accumulation of cash balances; requiring return

  7         of state funds upon dissolution of the

  8         corporation; providing an effective date.

  9

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

11

12         Section 1.  Subsection (6) of section 409.818, Florida

13  Statutes, is renumbered as subsection (7), and a new

14  subsection (6) is added to said section to read:

15         409.818  Administration.--In order to implement ss.

16  409.810-409.820, the following agencies shall have the

17  following duties:

18         (6)  The Florida Healthy Kids Corporation may establish

19  and manage an operating fund for the purposes of addressing

20  the corporation's unique cash flow needs and to allow for the

21  fiscal management of the corporation. The corporation may

22  accumulate and maintain a cash balance of no more than 25

23  percent of annualized operating expenses at any given time in

24  the operating fund. Upon the dissolution of the corporation,

25  any remaining cash balances of state funds shall be returned

26  to the state.

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

28

29

30

31

                                  1

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






    Florida House of Representatives - 2002                 HB 297

    731-126-02






  1            *****************************************

  2                          HOUSE SUMMARY

  3
      Authorizes the Florida Healthy Kids Corporation to
  4    establish and manage an operating fund. Provides a
      limitation on the accumulation and maintenance of the
  5    fund's cash balance. Requires the return of state funds
      upon dissolution of the corporation.
  6

  7

  8

  9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  2

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