Senate Bill sb0856c1

    Florida Senate - 2004                            CS for SB 856

    By the Committee on Appropriations; and Senator Clary





    309-1935-04

  1                      A bill to be entitled

  2         An act relating to trust funds; re-creating the

  3         Chief Financial Officer's Federal Equitable

  4         Sharing Trust Fund within the Office of

  5         Financial Regulation without modification;

  6         carrying forward current balances and

  7         continuing current sources and uses thereof;

  8         providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Chief Financial Officer's Federal Equitable Sharing Trust

12  Fund within the Office of Financial Regulation, which is

13  otherwise scheduled to be terminated pursuant to

14  constitutional mandate, and

15         WHEREAS, the Legislature has reviewed the trust fund

16  before its scheduled termination date and has found that it

17  continues to meet an important public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the trust fund sets adequate parameters for

20  its use, NOW, THEREFORE,

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

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24         Section 1.  (1)  The Chief Financial Officer's Federal

25  Equitable Sharing Trust Fund within the Office of Financial

26  Regulation, FLAIR number 43-2-719, which is to be terminated

27  pursuant to Section 19(f), Article III of the State

28  Constitution on November 4, 2004, is re-created.

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

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

31  are continued.

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






    Florida Senate - 2004                            CS for SB 856
    309-1935-04




 1         Section 2.  This act shall take effect November 4,

 2  2004.

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 4          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
 5                         Senate Bill 856

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 7  The committee substitute differs from the bill as filed in
    that it changes the name of the trust fund from the
 8  Comptrollers' Federal Equitable Sharing Trust Fund to the
    Chief Financial Officer's Federal Equitable Sharing Trust
 9  Fund.

10  The committee substitute also changes the name of the Office
    of Financial Institutions & Securities Regulation to the
11  Office of the Financial Regulation.

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