Bill Text: FL S7038 | 2011 | Regular Session | Introduced

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Bill Title: Operations Trust Fund/Department of Revenue

Spectrum: Committee Bill

Status: (N/A - Dead) 2011-02-11 - Submit as committee bill by Budget Subcommittee on General Government Appropriations (SB 1036) [S7038 Detail]

Download: Florida-2011-S7038-Introduced.html

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       Florida Senate - 2011         (PROPOSED COMMITTEE BILL) SPB 7038
       
       
       
       FOR CONSIDERATION By the Committee on Budget Subcommittee on
       General Government Appropriations
       
       
       
       601-00480A-11                                         20117038__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; re-creating and
    3         renaming the Operations Trust Fund within the
    4         Department of Revenue; repealing s. 215.198(3), F.S.;
    5         abrogating provisions relating to the termination of
    6         the trust fund, to conform; providing an effective
    7         date.
    8  
    9         WHEREAS, the Legislature wishes to extend the life of the
   10  Operations Trust Fund within the Department of Revenue, which is
   11  otherwise scheduled to be terminated pursuant to constitutional
   12  mandate, and
   13         WHEREAS, the Legislature has reviewed the trust fund before
   14  its scheduled termination date and has found that it continues
   15  to meet an important public purpose, and
   16         WHEREAS, the Legislature has found that existing public
   17  policy concerning the trust fund sets adequate parameters for
   18  its use, NOW, THEREFORE,
   19  
   20  Be It Enacted by the Legislature of the State of Florida:
   21  
   22         Section 1. The Operations Trust Fund within the Department
   23  of Revenue, FLAIR number 73-2-510, which is to be terminated
   24  pursuant to Section 19(f), Article III of the State Constitution
   25  on July 1, 2012, is re-created and renamed the Operating Trust
   26  Fund.
   27         Section 2. Subsection (3) of section 215.198, Florida
   28  Statutes, is repealed.
   29         Section 3. This act shall take effect July 1, 2011.