HB 7043

1
A bill to be entitled
2An act relating to trust funds; re-creating and renaming
3the Operations Trust Fund within the Department of
4Revenue; repealing s. 215.198(3), F.S.; abrogating
5provisions relating to the termination of the trust fund,
6to conform; providing an effective date.
7
8     WHEREAS, the Legislature wishes to extend the life of the
9Operations Trust Fund within the Department of Revenue, which is
10otherwise scheduled to be terminated pursuant to constitutional
11mandate, and
12     WHEREAS, the Legislature has reviewed the trust fund before
13its scheduled termination date and has found that it continues
14to meet an important public purpose, and
15     WHEREAS, the Legislature has found that existing public
16policy concerning the trust fund sets adequate parameters for
17its use, NOW, THEREFORE,
18
19Be It Enacted by the Legislature of the State of Florida:
20
21     Section 1.  The Operations Trust Fund within the Department
22of Revenue, FLAIR number 73-2-510, which is to be terminated
23pursuant to Section 19(f), Article III of the State Constitution
24on July 1, 2012, is re-created and renamed the Operating Trust
25Fund.
26     Section 2.  Subsection (3) of section 215.198, Florida
27Statutes, is repealed.
28     Section 3.  This act shall take effect July 1, 2011.


CODING: Words stricken are deletions; words underlined are additions.