Florida Senate - 2015 SB 1198 By Senator Brandes 22-01142-15 20151198__ 1 A bill to be entitled 2 An act relating to trust funds; creating s. 766.412, 3 F.S.; creating the Patient Compensation System Trust 4 Fund within the State Treasury; providing the purpose 5 of the trust fund; providing for future review and 6 termination or re-creation of the trust fund; 7 providing a contingent effective date. 8 9 Be It Enacted by the Legislature of the State of Florida: 10 11 Section 1. Section 766.412, Florida Statutes, is created to 12 read: 13 766.412 Patient Compensation System Trust Fund.— 14 (1) There is created in the State Treasury a special fund 15 to be designated as the “Patient Compensation System Trust 16 Fund,” which shall be used in the operation of the Patient 17 Compensation System in the performance of the functions and 18 duties required of the system under this part. 19 (2) The trust fund is established for the deposit of 20 contributions required to be paid by providers pursuant to s. 21 766.408. Notwithstanding s. 216.301 and pursuant to s. 216.351, 22 any balance in the trust fund at the end of a fiscal year 23 remains in the trust fund and is available for carrying out the 24 purposes of the trust fund. 25 (3) In accordance with s. 19(f)(2), Art. III of the State 26 Constitution, unless terminated sooner, the trust fund is 27 terminated on July 1, 2019. Before its scheduled termination, 28 the trust fund shall be reviewed as provided in s. 215.3206(1) 29 and (2). 30 Section 2. This act shall take effect on the same date that 31 SB ____ or similar legislation takes effect if such legislation 32 is adopted in the same legislative session, or an extension 33 thereof, and becomes law and only if this act is enacted by a 34 three-fifths vote of the membership of each house of the 35 Legislature.