Florida Senate - 2009                                    SB 1156
       
       
       
       By Senator King
       
       
       
       
       8-00997-09                                            20091156__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating the Florida
    3         Renewable Energy Trust Fund within the Florida Energy
    4         and Climate Commission; requiring that the commission
    5         administer the fund; providing that moneys deposited
    6         into the fund be from federal grants for renewable
    7         energy; providing a purpose for the fund; requiring
    8         that any balance remain in the trust fund at the end
    9         of each fiscal year; providing for future review and
   10         termination or re-creation of the trust fund;
   11         providing a contingent effective date.
   12         
   13  Be It Enacted by the Legislature of the State of Florida:
   14         
   15         Section 1. (1) The Florida Renewable Energy Trust Fund is
   16  created within, and shall be administered by, the Florida Energy
   17  and Climate Commission. Moneys deposited in the fund shall be
   18  from federal grants made available for renewable energy. The
   19  purpose of the trust fund is to provide funding to facilitate
   20  the development and implementation of renewable energy and
   21  energy efficiency programs and projects.
   22         (2) Notwithstanding s. 216.301, Florida Statutes, and
   23  pursuant to s. 216.351, Florida Statutes, any balance in the
   24  trust fund at the end of the fiscal year shall remain in the
   25  trust fund at the end of the fiscal year and be available for
   26  carrying out the purpose of the trust fund.
   27         (3) In accordance with Section 19(f)(2), Article III of the
   28  State Constitution, the trust fund shall, unless terminated
   29  sooner, be terminated on July 1, 2013. Before its scheduled
   30  termination, the trust fund shall be reviewed as provided in s.
   31  215.3206(1) and (2), Florida Statutes.
   32         Section 2. This act shall take effect July 1, 2009, but it
   33  shall not take effect unless it is enacted by a three-fifths
   34  vote of the membership of each house of the Legislature.