Florida Senate - 2011                                    SB 2162
       By the Committee on Budget
       576-03617-11                                          20112162__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating the Welfare
    3         Transition Trust Fund within the Department of
    4         Education; providing for sources of funds and
    5         purposes; providing for the annual carryforward of
    6         funds; providing for future review and termination or
    7         re-creation of the trust fund; providing an effective
    8         date.
   10  Be It Enacted by the Legislature of the State of Florida:
   12         Section 1. Welfare Transition Trust Fund.—
   13         (1) The Welfare Transition Trust Fund is created within the
   14  Department of Education.
   15         (2) The trust fund is established for use as a depository
   16  for receiving federal funds under the Temporary Assistance for
   17  Needy Families Program. Trust fund moneys shall be used
   18  exclusively for the purpose of providing services to individuals
   19  eligible for Temporary Assistance for Needy Families pursuant to
   20  the requirements and limitations of part A of Title IV of the
   21  Social Security Act, as amended, or any other applicable federal
   22  requirement or limitation. Funds credited to the trust fund
   23  consist of those funds collected from the Temporary Assistance
   24  for Needy Families Block Grant.
   25         (3) All funds transferred to and retained in the trust fund
   26  shall be invested pursuant to s. 17.61, Florida Statutes.
   27  Notwithstanding s. 216.301, Florida Statutes, and pursuant to s.
   28  216.351, Florida Statutes, any undisbursed balance remaining in
   29  the trust fund and interest accruing to the trust fund not
   30  distributed at the end of the fiscal year shall remain in the
   31  trust fund and shall increase the total funds available for
   32  appropriation from the trust fund.
   33         (4) In accordance with s. 19(f)(2), Article III of the
   34  State Constitution, the Welfare Transition Trust Fund shall,
   35  unless terminated sooner, be terminated on July 1, 2015. Before
   36  its scheduled termination, the trust fund shall be reviewed as
   37  provided in s. 215.3206(1) and (2), Florida Statutes.
   38         Section 2. This act shall take effect July 1, 2011, except
   39  that this act shall not take effect unless it is enacted by a
   40  three-fifths vote of the membership of each house of the
   41  Legislature.