Florida Senate - 2009                                     SB 928
       
       
       
       By Senator Fasano
       
       
       
       
       11-01226-09                                            2009928__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating the Statewide
    3         Mortgage Fraud Task Force Trust Fund within the
    4         Department of Legal Affairs; providing for the
    5         administration of the trust fund and use of moneys
    6         therein; requiring that balances of funds in the trust
    7         fund at the end of a fiscal year remain in the trust
    8         fund; providing for future review and termination or
    9         re-creation of the trust fund; providing a contingent
   10         effective date.
   11         
   12  Be It Enacted by the Legislature of the State of Florida:
   13         
   14         Section 1. Statewide Mortgage Fraud Task Force Trust Fund.—
   15         (1) The Statewide Mortgage Fraud Task Force Trust Fund is
   16  created within the Department of Legal Affairs. Funds credited
   17  to the trust fund shall consist of revenues from appropriations
   18  allocated by the Legislature and federal grants. The trust fund
   19  shall be administered by the department and used to allocate
   20  funds to the Statewide Mortgage Fraud Task Force and the seven
   21  regional task forces. Activities subject to funding include
   22  developing and coordinating the implementation of the Statewide
   23  Mortgage Fraud Task Force, providing grants to law enforcement
   24  agencies in this state to conduct mortgage fraud investigations
   25  throughout the state, and providing grants to state attorneys
   26  offices for mortgage fraud prosecutions.
   27         (2) Notwithstanding s. 216.301, Florida Statutes, and
   28  pursuant to s. 216.351, Florida Statutes, any balance in the
   29  trust fund at the end of any fiscal year shall remain in the
   30  trust fund and be available for carrying out the purposes of the
   31  trust fund.
   32         (3) In accordance with s. 19(f)(2), Article III of the
   33  State Constitution, the trust fund shall, unless terminated
   34  sooner, be terminated on July 1, 2013. Before its scheduled
   35  termination, the trust fund shall be reviewed as provided in s.
   36  215.3206(1) and (2), Florida Statutes.
   37         Section 2. This act shall take effect on the same date as
   38  SB ___ or similar legislation takes effect, if such legislation
   39  is adopted in the same legislative session or an extension
   40  thereof and becomes law.