| 1 | A bill to be entitled |
| 2 | An act relating to the Florida Endowment for Vocational |
| 3 | Rehabilitation; amending s. 413.615, F.S.; removing a |
| 4 | provision that requires the State Board of Administration |
| 5 | to invest and reinvest moneys in the endowment fund for |
| 6 | the Florida Endowment for Vocational Rehabilitation; |
| 7 | requiring that a specified percentage of the remainder of |
| 8 | all civil penalties received by a county court pursuant to |
| 9 | ch. 318, F.S., be remitted to the Department of Revenue on |
| 10 | a monthly basis for deposit in the endowment fund; |
| 11 | requiring that a specified percentage of the additional |
| 12 | fine assessed for violating traffic regulations protecting |
| 13 | mobility-impaired persons be remitted to the Department of |
| 14 | Revenue on a monthly basis for deposit in the endowment |
| 15 | fund; amending s. 318.18, F.S.; conforming a provision to |
| 16 | changes made by the act; providing an effective date. |
| 17 |
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| 18 | Be It Enacted by the Legislature of the State of Florida: |
| 19 |
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| 20 | Section 1. Subsection (4) of section 413.615, Florida |
| 21 | Statutes, is amended to read: |
| 22 | 413.615 Florida Endowment for Vocational Rehabilitation.- |
| 23 | (4) REVENUE FOR THE ENDOWMENT FUND.- |
| 24 | (a) The endowment fund of the Florida Endowment for |
| 25 | Vocational Rehabilitation is created as a long-term, stable, and |
| 26 | growing source of revenue to be administered, in accordance with |
| 27 | rules promulgated by the division, by the foundation as a |
| 28 | direct-support organization of the division. |
| 29 | (b) The principal of the endowment fund shall derive from |
| 30 | the deposits made pursuant to s. 318.21(2)(e), together with any |
| 31 | legislative appropriations which may be made to the endowment, |
| 32 | and such bequests, gifts, grants, and donations as may be |
| 33 | solicited for such purpose by the foundation from public or |
| 34 | private sources. |
| 35 | (c) Two percent of the remainder of all civil penalties |
| 36 | received by a county court pursuant to chapter 318 shall be |
| 37 | remitted to the Department of Revenue on a monthly basis for |
| 38 | deposit in the endowment fund. Sixty percent of the additional |
| 39 | fine assessed under s. 318.18(3)(f) for a violation of s. |
| 40 | 316.1303 must be remitted to the Department of Revenue on a |
| 41 | monthly basis for deposit in the endowment fund and 40 percent |
| 42 | must be distributed pursuant to s. 318.21(1) and (2). The State |
| 43 | Board of Administration shall invest and reinvest moneys of the |
| 44 | endowment fund in accordance with the provisions of ss. 215.44- |
| 45 | 215.53. Moneys in the endowment fund in excess of the endowment |
| 46 | fund principal, or such lesser amount as may be requested in |
| 47 | writing by the foundation, shall be annually transmitted to the |
| 48 | foundation, based upon a fiscal year which shall run from July 1 |
| 49 | through June 30, and shall be deposited in the foundation's |
| 50 | operating account, for distribution as provided in subsection |
| 51 | (10). The endowment fund principal shall be $1 million for the |
| 52 | 2000-2001 fiscal year and shall be increased by 5 percent in |
| 53 | each subsequent fiscal year. |
| 54 | (d) The board of directors of the foundation shall |
| 55 | establish the operating account and shall deposit therein the |
| 56 | moneys transmitted pursuant to paragraph (c). Moneys in the |
| 57 | operating account shall be available to carry out the purposes |
| 58 | of subsection (10). |
| 59 | Section 2. Paragraph (f) of subsection (3) of section |
| 60 | 318.18, Florida Statutes, is amended to read: |
| 61 | 318.18 Amount of penalties.-The penalties required for a |
| 62 | noncriminal disposition pursuant to s. 318.14 or a criminal |
| 63 | offense listed in s. 318.17 are as follows: |
| 64 | (3) |
| 65 | (f) If a violation of s. 316.1301 or s. 316.1303 results |
| 66 | in an injury to the pedestrian or damage to the property of the |
| 67 | pedestrian, an additional fine of up to $250 shall be paid. |
| 68 | Except as provided in s. 413.615(4)(c), this amount must be |
| 69 | distributed pursuant to s. 318.21. |
| 70 | Section 3. This act shall take effect July 1, 2010. |