Florida Senate - 2012                                    SB 1520
       
       
       
       By Senator Hays
       
       
       
       
       20-01362B-12                                          20121520__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating s. 766.410,
    3         F.S.; creating the Patient Compensation Trust Fund
    4         within the State Treasury; providing for the purpose
    5         and sources of funds of the trust fund; providing for
    6         future review and termination or re-creation of the
    7         trust fund; providing a directive to the Division of
    8         Statutory Revision to place s. 766.410, F.S., in part
    9         IV of ch. 766, F.S.; providing a contingent effective
   10         date.
   11  
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Section 766.410, Florida Statutes, is created to
   15  read:
   16         766.410 Patient Compensation Trust Fund.—
   17         (1) There is created in the State Treasury a special fund
   18  to be designated as the Patient Compensation Trust Fund, which
   19  shall be used in the operation of the Patient Compensation
   20  System in the performance of the various functions and duties
   21  required of it under this part. The trust fund is established
   22  for the deposit of contributions required to be paid by
   23  providers pursuant to s. 766.408.
   24         (2) Notwithstanding s. 216.301 and pursuant to s. 216.351,
   25  any balance in the trust fund at the end of any fiscal year
   26  shall remain in the trust fund at the end of the year and shall
   27  be available for carrying out the purposes of the trust fund.
   28         (3) In accordance with s. 19(f)(2), Art. III of the State
   29  Constitution, the trust fund shall, unless terminated sooner, be
   30  terminated on July 1, 2016. Before its scheduled termination,
   31  the trust fund shall be reviewed as provided in s. 215.3206(1)
   32  and (2).
   33         Section 2. The Division of Statutory Revision is directed
   34  to place section 766.410, Florida Statutes, as created by this
   35  act in part IV of chapter 766, Florida Statutes.
   36         Section 3. This act shall take effect on the same date that
   37  SB ____ or similar legislation takes effect, if such legislation
   38  is enacted in the same legislative session, or an extension
   39  thereof, and becomes law, and only if this act is enacted by a
   40  three-fifths vote of the membership of each house of the
   41  Legislature.