Senate Bill sb0814

    Florida Senate - 2004        (NP)                       SB 814

    By Senator Clary





    309-513-04

  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 Business and Professional Regulation without

  6         modification; carrying forward current balances

  7         and continuing current sources and uses

  8         thereof; repealing s. 440.501(3), F.S.;

  9         abrogating provisions relating to termination

10         of the trust fund, to conform; providing an

11         effective date.

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13         WHEREAS, the Legislature wishes to extend the life of

14  the Workers' Compensation Administration Trust Fund within the

15  Department of Business and Professional Regulation, which is

16  otherwise scheduled to be terminated pursuant to

17  constitutional mandate, and

18         WHEREAS, the Legislature has reviewed the trust fund

19  before its scheduled termination date and has found that it

20  continues to meet an important public purpose, and

21         WHEREAS, the Legislature has found that existing public

22  policy concerning the trust fund sets adequate parameters for

23  its use, NOW, THEREFORE,

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

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27         Section 1.  (1)  The Workers' Compensation

28  Administration Trust Fund within the Department of Business

29  and Professional Regulation, FLAIR number 79-2-795, which is

30  to be terminated pursuant to Section 19(f), Article III of the

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






    Florida Senate - 2004        (NP)                       SB 814
    309-513-04




 1  State Constitution on July 1, 2006, unless terminated sooner

 2  by law, is terminated on November 4, 2004, and re-created.

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

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

 5  are continued.

 6         Section 2.  Subsection (3) of section 440.501, Florida

 7  Statutes, is repealed.

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

 9  2004.

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12                          SENATE SUMMARY

13    Terminates and re-creates the Workers' Compensation
      Administration Trust Fund within the Department of
14    Business and Professional Regulation in order to
      synchronize its review cycle with other trust funds of
15    the department.

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