Senate Bill sb0782

    Florida Senate - 2003                                   SB 782

    By Senator Carlton





    309-324-03

  1                      A bill to be entitled

  2         An act relating to trust funds; terminating and

  3         re-creating the Workers' Compensation

  4         Administration Trust Fund within the Department

  5         of Education without modification; carrying

  6         forward current balances and continuing current

  7         sources and uses thereof; repealing s.

  8         1010.87(3), F.S.; abrogating provisions

  9         relating to the termination of the trust fund,

10         to conform; providing an effective date.

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12         WHEREAS, the Legislature wishes to extend the life of

13  the Workers' Compensation Administration Trust Fund within the

14  Department of Education, which is otherwise scheduled to be

15  terminated pursuant to constitutional mandate, and

16         WHEREAS, the Legislature has reviewed the trust fund

17  before its scheduled termination date and has found that it

18  continues to meet an important public purpose, and

19         WHEREAS, the Legislature has found that existing public

20  policy concerning the trust fund sets adequate parameters for

21  its use, NOW, THEREFORE,

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

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25         Section 1.  (1)  The Workers' Compensation

26  Administration Trust Fund within the Department of Education,

27  FLAIR number 48-2-795, which is to be terminated pursuant to

28  Section 19(f), Article III of the State Constitution on July

29  1, 2006, unless terminated sooner by law, is terminated on

30  November 4, 2004, and re-created.

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






    Florida Senate - 2003                                   SB 782
    309-324-03




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

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

 3  are continued.

 4         Section 2.  Subsection (3) of section 1010.87, Florida

 5  Statutes, as created by section 1 of chapter 2002-398, Laws of

 6  Florida, is repealed.

 7         Section 3.  This act shall take effect November 4,

 8  2004.

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11                          SENATE SUMMARY

12    Terminates and re-creates the Workers' Compensation
      Administration Trust Fund within the Department of
13    Education in order to synchronize its review cycle with
      other trust funds of the department.
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CODING: Words stricken are deletions; words underlined are additions.