| 1 | A bill to be entitled |
| 2 | An act relating to education funding; amending s. 287.055, |
| 3 | F.S.; including regional consortium service organizations |
| 4 | under provisions relating to procurement and competitive |
| 5 | selection of certain professional services; amending s. |
| 6 | 1001.451, F.S.; revising provisions for award of incentive |
| 7 | grants to regional consortium service organizations; |
| 8 | amending 1001.453, F.S.; revising definition of direct- |
| 9 | support organization to include a regional consortium |
| 10 | service organization direct-support organization; |
| 11 | authorizing use of property and requiring rules; providing |
| 12 | for approval of a board of directors and requiring audits; |
| 13 | amending ss. 1009.50, 1009.51, 1009.52, and 1009.89, F.S.; |
| 14 | authorizing funds appropriated for Florida public student |
| 15 | assistance grants, Florida private student assistance |
| 16 | grants, Florida postsecondary student assistance grants, |
| 17 | and William L. Boyd, IV, Florida resident access grants to |
| 18 | be deposited in the State Student Financial Assistance |
| 19 | Trust Fund; amending ss. 1010.09 and 1010.34, F.S.; |
| 20 | conforming provisions relating to direct-support |
| 21 | organizations and audits thereof; amending s. 1010.72, |
| 22 | F.S.; authorizing funds to be credited to the Dale Hickam |
| 23 | Excellent Teaching Program Trust Fund; amending s. |
| 24 | 1011.62, F.S., relating to funds for operation of schools; |
| 25 | providing for a transition sparsity supplement under |
| 26 | certain circumstances; revising provisions relating to the |
| 27 | manner in which each school district's allocation of |
| 28 | sparsity supplement funds shall be adjusted; amending s. |
| 29 | 1011.765, F.S.; providing that the Florida Academic |
| 30 | Improvement Trust Fund shall be utilized to provide |
| 31 | matching grants to regional consortium service |
| 32 | organization education foundations; amending s. 1011.94, |
| 33 | F.S.; authorizing funds to be deposited in the Trust Fund |
| 34 | for University Major Gifts; amending s. 1013.79, F.S.; |
| 35 | authorizing the appropriation of funds to be transferred |
| 36 | to the Alec P. Courtelis Capital Facilities Matching Trust |
| 37 | Fund; providing an effective date. |
| 38 |
|
| 39 | Be It Enacted by the Legislature of the State of Florida: |
| 40 |
|
| 41 | Section 1. Paragraph (b) of subsection (2) of section |
| 42 | 287.055, Florida Statutes, is amended, and paragraph (e) is |
| 43 | added to subsection (4) of said section, to read: |
| 44 | 287.055 Acquisition of professional architectural, |
| 45 | engineering, landscape architectural, or surveying and mapping |
| 46 | services; definitions; procedures; contingent fees prohibited; |
| 47 | penalties.-- |
| 48 | (2) DEFINITIONS.--For purposes of this section: |
| 49 | (b) "Agency" means the state, a state agency, a |
| 50 | municipality, a political subdivision, a school district, or a |
| 51 | school board, or a regional consortium service organization |
| 52 | formed under s. 1001.451. The term "agency" does not extend to a |
| 53 | nongovernmental developer that contributes public facilities to |
| 54 | a political subdivision under s. 380.06 or ss. 163.3220- |
| 55 | 163.3243. |
| 56 | (4) COMPETITIVE SELECTION.-- |
| 57 | (e) A school district may make purchases under contracts |
| 58 | procured pursuant to this section by a regional consortium |
| 59 | service organization, formed under s. 1001.451, of which it is a |
| 60 | member. |
| 61 | Section 2. Paragraph (a) of subsection (2) of section |
| 62 | 1001.451, Florida Statutes, is amended to read: |
| 63 | 1001.451 Regional consortium service organizations.--In |
| 64 | order to provide a full range of programs to larger numbers of |
| 65 | students, minimize duplication of services, and encourage the |
| 66 | development of new programs and services: |
| 67 | (2)(a) Each regional consortium service organization that |
| 68 | consists of four or more school districts is eligible to |
| 69 | receive, through the Department of Education, an incentive grant |
| 70 | as provided in the annual General Appropriations Act of $25,000 |
| 71 | per school district to be used for the delivery of services |
| 72 | within the participating school districts. |
| 73 | Section 3. Section 1001.453, Florida Statutes, is amended |
| 74 | to read: |
| 75 | 1001.453 Direct-support organization; use of property; |
| 76 | board of directors; audit.-- |
| 77 | (1) DEFINITIONS.--For the purposes of this section, the |
| 78 | term: |
| 79 | (a) "District school board Direct-support organization" |
| 80 | means a district school board direct-support organization or a |
| 81 | regional consortium service organization direct-support an |
| 82 | organization that: |
| 83 | 1. Is approved by the district school board or regional |
| 84 | consortium service organization board of directors; |
| 85 | 2. Is a Florida corporation not for profit, incorporated |
| 86 | under the provisions of chapter 617 and approved by the |
| 87 | Department of State; and |
| 88 | 3. Is organized and operated exclusively to receive, hold, |
| 89 | invest, and administer property and to make expenditures to or |
| 90 | for the benefit of public kindergarten through 12th grade |
| 91 | education and adult career and community education programs in |
| 92 | this state. |
| 93 | (b) "Personal services" includes full-time or part-time |
| 94 | personnel, as well as payroll processing. |
| 95 | (c) "Regional consortium service organization" means an |
| 96 | organization formed under s. 1001.451. |
| 97 | (2) USE OF PROPERTY.--A district school board or regional |
| 98 | consortium service organization board of directors: |
| 99 | (a) Is authorized to permit the use of property, |
| 100 | facilities, and personal services of the district or regional |
| 101 | consortium service organization by a direct-support |
| 102 | organization, subject to the provisions of this section. |
| 103 | (b) Shall prescribe by rule conditions with which a |
| 104 | district school board direct-support organization must comply in |
| 105 | order to use property, facilities, or personal services of the |
| 106 | district or regional consortium service organization. Adoption |
| 107 | of such rules shall be coordinated with the Department of |
| 108 | Education. The rules shall provide for budget and audit review |
| 109 | and oversight by the district school board or regional |
| 110 | consortium service organization board of directors and the |
| 111 | department. |
| 112 | (c) Shall not permit the use of property, facilities, or |
| 113 | personal services of a direct-support organization if such |
| 114 | organization does not provide equal employment opportunities to |
| 115 | all persons, regardless of race, color, religion, sex, age, or |
| 116 | national origin. |
| 117 | (3) BOARD OF DIRECTORS.--The board of directors of the |
| 118 | district school board direct-support organization shall be |
| 119 | approved by the district school board or the regional consortium |
| 120 | service organization board of directors. |
| 121 | (4) ANNUAL AUDIT.--Each direct-support organization with |
| 122 | more than $100,000 in expenditures or expenses shall provide for |
| 123 | an annual financial audit of its financial statements in order |
| 124 | to express an opinion on the fairness with which the financial |
| 125 | statements are presented in conformance with generally accepted |
| 126 | accounting principles. The audit is accounts and records, to be |
| 127 | conducted by an independent certified public accountant in |
| 128 | accordance with rules adopted by the Auditor General pursuant to |
| 129 | s. 11.45(8) and the Commissioner of Education. The annual audit |
| 130 | report shall be submitted to the Auditor General and the |
| 131 | district school board or regional consortium service |
| 132 | organization board of directors for review within 9 months after |
| 133 | the end of the fiscal year or by the date established by year's |
| 134 | end to the district school board or regional consortium service |
| 135 | organization board of directors and the Auditor General, |
| 136 | whichever is earlier. The Commissioner of Education, the Auditor |
| 137 | General, and the Office of Program Policy Analysis and |
| 138 | Government Accountability have the authority to require and |
| 139 | receive from the organization or the district auditor or |
| 140 | regional consortium service organization auditor any records |
| 141 | relative to the operation of the organization. The identity of |
| 142 | donors and all information identifying donors and prospective |
| 143 | donors are confidential and exempt from the provisions of s. |
| 144 | 119.07(1), and that anonymity shall be maintained in the |
| 145 | auditor's report. All other records and information shall be |
| 146 | considered public records for the purposes of chapter 119. |
| 147 | Section 4. Subsection (5) of section 1009.50, Florida |
| 148 | Statutes, is amended to read: |
| 149 | 1009.50 Florida Public Student Assistance Grant Program; |
| 150 | eligibility for grants.-- |
| 151 | (5) Funds appropriated by the Legislature for state |
| 152 | student assistance grants may shall be deposited in the State |
| 153 | Student Financial Assistance Trust Fund. Notwithstanding the |
| 154 | provisions of s. 216.301 and pursuant to s. 216.351, any balance |
| 155 | in the trust fund at the end of any fiscal year that has been |
| 156 | allocated to the Florida Public Student Assistance Grant Program |
| 157 | shall remain therein and shall be available for carrying out the |
| 158 | purposes of this section. |
| 159 | Section 5. Subsection (5) of section 1009.51, Florida |
| 160 | Statutes, is amended to read: |
| 161 | 1009.51 Florida Private Student Assistance Grant Program; |
| 162 | eligibility for grants.-- |
| 163 | (5) Funds appropriated by the Legislature for Florida |
| 164 | private student assistance grants may shall be deposited in the |
| 165 | State Student Financial Assistance Trust Fund. Notwithstanding |
| 166 | the provisions of s. 216.301 and pursuant to s. 216.351, any |
| 167 | balance in the trust fund at the end of any fiscal year that has |
| 168 | been allocated to the Florida Private Student Assistance Grant |
| 169 | Program shall remain therein and shall be available for carrying |
| 170 | out the purposes of this section and as otherwise provided by |
| 171 | law. |
| 172 | Section 6. Subsection (6) of section 1009.52, Florida |
| 173 | Statutes, is amended to read: |
| 174 | 1009.52 Florida Postsecondary Student Assistance Grant |
| 175 | Program; eligibility for grants.-- |
| 176 | (6) Funds appropriated by the Legislature for Florida |
| 177 | postsecondary student assistance grants may shall be deposited |
| 178 | in the State Student Financial Assistance Trust Fund. |
| 179 | Notwithstanding the provisions of s. 216.301 and pursuant to s. |
| 180 | 216.351, any balance in the trust fund at the end of any fiscal |
| 181 | year that has been allocated to the Florida Postsecondary |
| 182 | Student Assistance Grant Program shall remain therein and shall |
| 183 | be available for carrying out the purposes of this section and |
| 184 | as otherwise provided by law. |
| 185 | Section 7. Subsection (6) of section 1009.89, Florida |
| 186 | Statutes, is amended to read: |
| 187 | 1009.89 The William L. Boyd, IV, Florida resident access |
| 188 | grants.-- |
| 189 | (6) Funds appropriated by the Legislature for the William |
| 190 | L. Boyd, IV, Florida Resident Access Grant Program may shall be |
| 191 | deposited in the State Student Financial Assistance Trust Fund. |
| 192 | Notwithstanding the provisions of s. 216.301 and pursuant to s. |
| 193 | 216.351, any balance in the trust fund at the end of any fiscal |
| 194 | year which has been allocated to the William L. Boyd, IV, |
| 195 | Florida Resident Access Grant Program shall remain therein and |
| 196 | shall be available for carrying out the purposes of this |
| 197 | section. If the number of eligible students exceeds the total |
| 198 | authorized in the General Appropriations Act, an institution may |
| 199 | use its own resources to assure that each eligible student |
| 200 | receives the full benefit of the grant amount authorized. |
| 201 | Section 8. Section 1010.09, Florida Statutes, is amended |
| 202 | to read: |
| 203 | 1010.09 Direct-support organizations.--School district, |
| 204 | regional consortium service organization, community college, and |
| 205 | university direct-support organizations shall be organized and |
| 206 | conducted under the provisions of ss. 1001.453, 1004.28, and |
| 207 | 1004.70 and rules of the State Board of Education, as |
| 208 | applicable. |
| 209 | Section 9. Section 1010.34, Florida Statutes, is amended |
| 210 | to read: |
| 211 | 1010.34 Audits of direct-support organizations.--Audits of |
| 212 | school district, regional consortium service organization, |
| 213 | community college, and state university direct-support |
| 214 | organizations are subject to the audit provisions of ss. |
| 215 | 1001.453(4), 1004.28(5), and 1004.70(6), as applicable. |
| 216 | Section 10. Section 1010.72, Florida Statutes, is amended |
| 217 | to read: |
| 218 | 1010.72 Dale Hickam Excellent Teaching Program Trust |
| 219 | Fund.--The Dale Hickam Excellent Teaching Program Trust Fund is |
| 220 | created to be administered by the Department of Education. Funds |
| 221 | may must be credited to the trust fund as provided in chapter |
| 222 | 98-309, Laws of Florida, to be used for the purposes set forth |
| 223 | therein. |
| 224 | Section 11. Subsection (6) of section 1011.62, Florida |
| 225 | Statutes, is amended to read: |
| 226 | 1011.62 Funds for operation of schools.--If the annual |
| 227 | allocation from the Florida Education Finance Program to each |
| 228 | district for operation of schools is not determined in the |
| 229 | annual appropriations act or the substantive bill implementing |
| 230 | the annual appropriations act, it shall be determined as |
| 231 | follows: |
| 232 | (6) DETERMINATION OF SPARSITY SUPPLEMENT.-- |
| 233 | (a) Annually, in an amount to be determined by the |
| 234 | Legislature through the General Appropriations Act, there shall |
| 235 | be added to the basic amount for current operation of the FEFP |
| 236 | qualified districts a sparsity supplement which shall be |
| 237 | computed as follows: |
| 238 |
|
| | | Sparsity Factor = | 1101.8918____2700 + district sparsity index | -0.1101 |
|
| 239 |
|
| 240 | except that districts with a sparsity index of 1,000 or less |
| 241 | shall be computed as having a sparsity index of 1,000, and |
| 242 | districts having a sparsity index of 7,308 and above shall be |
| 243 | computed as having a sparsity factor of zero. A qualified |
| 244 | district's full-time equivalent student membership shall equal |
| 245 | or be less than that prescribed annually by the Legislature in |
| 246 | the appropriations act. The amount prescribed annually by the |
| 247 | Legislature shall be no less than 17,000, but no more than |
| 248 | 24,000. A district that exceeds the full-time equivalent student |
| 249 | membership requirement shall receive a one-time transition |
| 250 | supplement in the amount of one-half of the sparsity supplement |
| 251 | calculated for said district provided the district qualified for |
| 252 | the sparsity supplement in each of the most recent 3 fiscal |
| 253 | years. |
| 254 | (b) The district sparsity index shall be computed by |
| 255 | dividing the total number of full-time equivalent students in |
| 256 | all programs in the district by the number of senior high school |
| 257 | centers in the district, not in excess of three, which centers |
| 258 | are approved as permanent centers by a survey made by the |
| 259 | Department of Education. |
| 260 | (c) Each district's allocation of sparsity supplement |
| 261 | funds shall be adjusted in the following manner: |
| 262 | 1. A maximum discretionary levy per FTE value for each |
| 263 | district shall be calculated by dividing the value of each |
| 264 | district's maximum discretionary levy by its FTE student count.; |
| 265 | 2. A state average discretionary levy value per FTE shall |
| 266 | be calculated by dividing the total maximum discretionary levy |
| 267 | value for all districts by the state total FTE student count.; |
| 268 | 3. A total potential funds per FTE for each district shall |
| 269 | be calculated by dividing the total potential funds, not |
| 270 | including Florida School Recognition Program funds and the |
| 271 | minimum guarantee, for each district by its FTE student count. |
| 272 | 4. A state average total potential funds per FTE shall be |
| 273 | calculated by dividing the total potential funds, not including |
| 274 | Florida School Recognition Program funds and the minimum |
| 275 | guarantee, for all districts by the state total FTE student |
| 276 | count. |
| 277 | 5.3. For districts that have a levy value per FTE as |
| 278 | calculated in subparagraph 1. higher than the state average |
| 279 | calculated in subparagraph 2., a sparsity wealth adjustment |
| 280 | shall be calculated as the product of the difference between the |
| 281 | state average levy value per FTE calculated in subparagraph 2. |
| 282 | and the district's levy value per FTE calculated in subparagraph |
| 283 | 1. and the district's FTE student count and -1. However, no |
| 284 | district shall have a sparsity wealth adjustment which, when |
| 285 | applied to the total potential funds calculated in subparagraph |
| 286 | 3., would cause the district's total potential funds per FTE to |
| 287 | be less than the state average calculated in subparagraph 4.; |
| 288 | 6.4. Each district's sparsity supplement allocation shall |
| 289 | be calculated by adding the amount calculated as specified in |
| 290 | paragraphs (a) and (b) and the wealth adjustment amount |
| 291 | calculated in this paragraph. |
| 292 | Section 12. Section 1011.765, Florida Statutes, is amended |
| 293 | to read: |
| 294 | 1011.765 Florida Academic Improvement Trust Fund matching |
| 295 | grants.-- |
| 296 | (1) MATCHING GRANTS.--The Florida Academic Improvement |
| 297 | Trust Fund shall be utilized to provide matching grants to the |
| 298 | Florida School for the Deaf and the Blind Endowment Fund, and to |
| 299 | any public school district education foundation, and any |
| 300 | regional consortium service organization education foundation |
| 301 | that meets the requirements of this section and is recognized by |
| 302 | the local school district as a its designated K-12 education |
| 303 | foundation. For purposes of this section, "regional consortium |
| 304 | service organization" means an organization formed under s. |
| 305 | 1001.451. |
| 306 | (a) The State Board of Education shall adopt rules for the |
| 307 | administration, submission, documentation, evaluation, and |
| 308 | approval of requests for matching funds and for maintaining |
| 309 | accountability for matching funds. |
| 310 | (b) Donations, state matching funds, or proceeds from |
| 311 | endowments established pursuant to this section shall be used at |
| 312 | the discretion of the public school district education |
| 313 | foundation, the regional consortium service organization |
| 314 | education foundation, or the Florida School for the Deaf and the |
| 315 | Blind for academic achievement within the school district, |
| 316 | school districts, or school, and shall not be expended for the |
| 317 | construction of facilities or for the support of interscholastic |
| 318 | athletics. A No public school district education foundation, a |
| 319 | regional consortium service organization education foundation, |
| 320 | or the Florida School for the Deaf and the Blind shall not |
| 321 | accept or purchase facilities for which the state will be asked |
| 322 | for operating funds unless the Legislature has granted prior |
| 323 | approval for such acquisition. |
| 324 | (2) ALLOCATION OF THE TRUST FUND.--Funds appropriated to |
| 325 | the Florida Academic Improvement Trust Fund shall be allocated |
| 326 | by the Department of Education in the following manner: |
| 327 | (a) For every year in which there is a legislative |
| 328 | appropriation to the trust fund, an equal amount of the annual |
| 329 | appropriation, to be determined by dividing the total |
| 330 | legislative appropriation by the number of local education |
| 331 | foundations and regional consortium service organization |
| 332 | education foundations, as well as the Florida School for the |
| 333 | Deaf and the Blind, must be reserved for each public school |
| 334 | district education foundation, each regional consortium service |
| 335 | organization education foundation, and the Florida School for |
| 336 | the Deaf and the Blind Endowment Fund to provide each foundation |
| 337 | and the Florida School for the Deaf and the Blind with an |
| 338 | opportunity to receive and match appropriated funds. Trust funds |
| 339 | that remain unmatched by contribution on April 1 of any year |
| 340 | shall be made available for matching by any public school |
| 341 | district education foundation, by any regional consortium |
| 342 | service organization education foundation, and by the Florida |
| 343 | School for the Deaf and the Blind which shall have an |
| 344 | opportunity to apply for excess trust funds prior to the award |
| 345 | of such funds. |
| 346 | (b) Matching grants shall be proportionately allocated |
| 347 | from the trust fund on the basis of matching each $4 of state |
| 348 | funds with $6 of private funds. To be eligible for matching, a |
| 349 | minimum of $4,500 must be raised from private sources. |
| 350 | (c) Funds sufficient to provide the match shall be |
| 351 | transferred from the state trust fund to the public school |
| 352 | education foundation, to the regional consortium service |
| 353 | organization education foundation, or to the Florida School for |
| 354 | the Deaf and the Blind Endowment Fund upon notification that a |
| 355 | proportionate amount has been received and deposited by the |
| 356 | foundation or school into its own trust fund. |
| 357 | (d) If the total of the amounts to be distributed in any |
| 358 | quarter pursuant to this subsection exceeds the amount of funds |
| 359 | remaining from specific appropriations made for the |
| 360 | implementation of this section, all grants shall be |
| 361 | proportionately reduced so that the total of matching grants |
| 362 | distributed does not exceed available appropriations. |
| 363 | (3) GRANT ADMINISTRATION.-- |
| 364 | (a) Each public school district education foundation, each |
| 365 | regional consortium service organization education foundation, |
| 366 | and the Florida School for the Deaf and the Blind participating |
| 367 | in the Florida Academic Improvement Trust Fund shall separately |
| 368 | account for all funds received pursuant to this section, and may |
| 369 | establish its own academic improvement trust fund as a |
| 370 | depository for the private contributions, state matching funds, |
| 371 | and earnings on investments of such funds. State matching funds |
| 372 | shall be transferred to the public school district education |
| 373 | foundation, to the regional consortium service organization |
| 374 | education foundation, or to the Florida School for the Deaf and |
| 375 | the Blind Endowment Fund upon notification that the foundation |
| 376 | or school has received and deposited private contributions that |
| 377 | meet the criteria for matching as provided in this section. The |
| 378 | public school district education foundations, the regional |
| 379 | consortium service organization education foundations, and the |
| 380 | Florida School for the Deaf and the Blind are responsible for |
| 381 | the maintenance, investment, and administration of their |
| 382 | academic improvement trust funds. |
| 383 | (b) The public school district education foundations, the |
| 384 | regional consortium service organization education foundations, |
| 385 | and the Florida School for the Deaf and the Blind shall be |
| 386 | responsible for soliciting and receiving contributions to be |
| 387 | deposited and matched with grants for academic achievement |
| 388 | within the school district, school districts, or school. |
| 389 | (c) Each public school district education foundation, each |
| 390 | regional consortium service organization education foundation, |
| 391 | and the Florida School for the Deaf and the Blind shall be |
| 392 | responsible for proper expenditure of the funds received |
| 393 | pursuant to this section. |
| 394 | Section 13. Subsection (1) of section 1011.94, Florida |
| 395 | Statutes, is amended to read: |
| 396 | 1011.94 Trust Fund for University Major Gifts.-- |
| 397 | (1) There is established a Trust Fund for University Major |
| 398 | Gifts. The purpose of the trust fund is to enable each |
| 399 | university and New College to provide donors with an incentive |
| 400 | in the form of matching grants for donations for the |
| 401 | establishment of permanent endowments and sales tax exemption |
| 402 | matching funds received pursuant to s. 212.08(5)(j), which must |
| 403 | be invested, with the proceeds of the investment used to support |
| 404 | libraries and instruction and research programs, as defined by |
| 405 | the State Board of Education. All funds appropriated for the |
| 406 | challenge grants, new donors, major gifts, sales tax exemption |
| 407 | matching funds pursuant to s. 212.08(5)(j), or eminent scholars |
| 408 | program may must be deposited into the trust fund and invested |
| 409 | pursuant to s. 17.61 until the State Board of Education |
| 410 | allocates the funds to universities to match private donations. |
| 411 | Notwithstanding s. 216.301 and pursuant to s. 216.351, any |
| 412 | undisbursed balance remaining in the trust fund and interest |
| 413 | income accruing to the portion of the trust fund which is not |
| 414 | matched and distributed to universities must remain in the trust |
| 415 | fund and be used to increase the total funds available for |
| 416 | challenge grants. Funds deposited in the trust fund for the |
| 417 | sales tax exemption matching program authorized in s. |
| 418 | 212.08(5)(j), and interest earnings thereon, shall be maintained |
| 419 | in a separate account within the Trust Fund for University Major |
| 420 | Gifts, and may be used only to match qualified sales tax |
| 421 | exemptions that a certified business designates for use by state |
| 422 | universities and community colleges to support research and |
| 423 | development projects requested by the certified business. The |
| 424 | State Board of Education may authorize any university to |
| 425 | encumber the state matching portion of a challenge grant from |
| 426 | funds available under s. 1011.45. |
| 427 | Section 14. Subsections (1) and (3) of section 1013.79, |
| 428 | Florida Statutes, are amended to read: |
| 429 | 1013.79 University Facility Enhancement Challenge Grant |
| 430 | Program.-- |
| 431 | (1) The Legislature recognizes that the universities do |
| 432 | not have sufficient physical facilities to meet the current |
| 433 | demands of their instructional and research programs. It further |
| 434 | recognizes that, to strengthen and enhance universities, it is |
| 435 | necessary to provide facilities in addition to those currently |
| 436 | available from existing revenue sources. It further recognizes |
| 437 | that there are sources of private support that, if matched with |
| 438 | state support, can assist in constructing much-needed facilities |
| 439 | and strengthen the commitment of citizens and organizations in |
| 440 | promoting excellence throughout the state universities. |
| 441 | Therefore, it is the intent of the Legislature to establish a |
| 442 | trust fund to provide the opportunity for each university to |
| 443 | receive support for and match challenge grants for instructional |
| 444 | and research-related capital facilities within the university. |
| 445 | (3) There is established the Alec P. Courtelis Capital |
| 446 | Facilities Matching Trust Fund for the purpose of providing |
| 447 | matching funds from private contributions for the development of |
| 448 | high priority instructional and research-related capital |
| 449 | facilities, including common areas connecting such facilities, |
| 450 | within a university. The Legislature may shall appropriate funds |
| 451 | to be transferred to the trust fund. The Public Education |
| 452 | Capital Outlay and Debt Service Trust Fund, Capital Improvement |
| 453 | Trust Fund, Division of Sponsored Research Trust Fund, and |
| 454 | Contracts and Grants Trust Fund shall not be used as the source |
| 455 | of the state match for private contributions. All appropriated |
| 456 | funds deposited into the trust fund shall be invested pursuant |
| 457 | to the provisions of s. 17.61. Interest income accruing to that |
| 458 | portion of the trust fund shall increase the total funds |
| 459 | available for the challenge grant program. Interest income |
| 460 | accruing from the private donations shall be returned to the |
| 461 | participating foundation upon completion of the project. The |
| 462 | State Board of Education shall administer the trust fund and all |
| 463 | related construction activities. |
| 464 | Section 15. This act shall take effect July 1, 2005. |