The Florida Senate

¹240.3835  Community College Capital Facilities Matching Trust Fund.--The Community College Capital Facilities Matching Trust Fund is hereby created within the Department of Education, to be administered by the State Board of Community Colleges. Funds shall be credited to the trust fund as provided in chapter 97-210, Laws of Florida, or similar legislation, to be used for the purposes set forth therein.

History.--s. 1, ch. 97-211; s. 13, ch. 99-243; s. 3(7), ch. 2000-321.

¹Note.--

A.  Repealed July 1, 2000, by s. 13, ch. 99-243.

B.  Section 2, ch. 97-211, provides that:

"(1)  Pursuant to the provisions of s. 19(f)(2), Art. III of the State Constitution, the Community College Capital Facilities Matching Trust Fund shall, unless terminated sooner, be terminated on July 1, 2001.

"(2)  Prior to the regular legislative session immediately preceding the date on which the trust fund is scheduled to be terminated, the State Board of Community Colleges and the Governor shall recommend to the President of the Senate and the Speaker of the House of Representatives whether the trust fund should be allowed to terminate or should be re-created. These recommendations shall be based on a review of the purpose and use of the trust fund and a determination of whether the trust fund will continue to be necessary. A recommendation to re-create the trust fund may include suggested modifications to the purpose, sources of receipts, and allowable expenditures for the trust fund. The state board's recommendation shall be made as a part of its legislative budget request to the Legislature pursuant to s. 216.023, Florida Statutes. The Governor's recommendation shall be made as a part of the recommended budget presented to the Legislature pursuant to s. 216.162, Florida Statutes.

"(3)  If the trust fund is terminated, the Division of Community Colleges of the Department of Education on behalf of the State Board of Community Colleges shall pay any outstanding debts or obligations of the trust fund as soon as practicable and the Comptroller shall close out and remove the trust fund from the various state accounting systems, using generally accepted accounting practices concerning warrants outstanding, assets, and liabilities."

C.  Repealed January 7, 2003, by s. 3(7), ch. 2000-321, and shall be reviewed by the Legislature prior to that date.