| 1 | Representative(s) Arza offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between line(s) 629 and 630 insert: |
| 5 | Section 14. Subsection (8) is added to section 1004.28, |
| 6 | Florida Statutes, to read: |
| 7 | 1004.28 Direct-support organizations; use of property; |
| 8 | board of directors; activities; audit; facilities.-- |
| 9 | (8) TRUST AUTHORIZATION.--A direct-support organization is |
| 10 | hereby authorized to establish a trust for the purpose of |
| 11 | raising funds for its affiliated university. A trust established |
| 12 | under this section is granted the identical insurable interest |
| 13 | as that of the direct-support organization under Florida law. |
| 14 |
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| 15 | ================ T I T L E A M E N D M E N T ============= |
| 16 | Remove line(s) 49 and insert: |
| 17 | reporting; amending s. 1004.28, F.S.; authorizing a state |
| 18 | university direct-support organization to establish a |
| 19 | trust for the purpose of raising funds for its affiliated |
| 20 | university; amending s. 1004.65, F.S.; including community |