Bill Text: FL H7059 | 2011 | Regular Session | Introduced

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Bill Title: International Registration Clearing TF/DHSMV

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-04-06 - Substituted SB 1044 [H7059 Detail]

Download: Florida-2011-H7059-Introduced.html

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HB 7059

1	A bill to be entitled
2	An act relating to trust funds; terminating the
3	International Registration Clearing Trust Fund within the
4	Department of Highway Safety and Motor Vehicles; providing
5	for the disposition of balances in and revenues of the
6	trust fund; prescribing procedures for terminating the
7	trust fund; repealing s. 2(4)(a), ch. 2004-235, Laws of
8	Florida, relating to an exemption from termination
9	provided for the trust fund; providing an effective date.
10
11	Be It Enacted by the Legislature of the State of Florida:
12
13	Section 1.  (1)  The International Registration Clearing
14	Trust Fund within the Department of Highway Safety and Motor
15	Vehicles, FLAIR number 76-2-410, is terminated.
16	(2)  All current balances remaining in, and all revenues
17	of, the trust fund shall be transferred to the General Revenue
18	Fund.
19	(3)  The Department of Highway Safety and Motor Vehicles
20	shall pay any outstanding debts and obligations of the
21	terminated fund as soon as practicable, and the Chief Financial
22	Officer shall close out and remove the terminated fund from the
23	various state accounting systems using generally accepted
24	accounting principles concerning warrants outstanding, assets,
25	and liabilities.
26	Section 2.  Paragraph (a) of subsection (4) of section 2 of
27	chapter 2004-235, Laws of Florida, is repealed.
28	Section 3.  This act shall take effect July 1, 2011.

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