Senate Bill 1968er

    ENROLLED



    1999 Legislature                 CS for SB 1968, 1st Engrossed







  1



  2         An act relating to trust funds; creating s.



  3         430.42, F.S.; creating the Department of



  4         Elderly Affairs Tobacco Settlement Trust Fund;



  5         providing for sources of moneys and purposes;



  6         providing for reversion of funds to the



  7         Department of Banking and Finance Tobacco



  8         Settlement Clearing Trust Fund; providing for



  9         future review and termination or re-creation of



10         the trust fund; providing an effective date.



11



12  Be It Enacted by the Legislature of the State of Florida:



13



14         Section 1.  Section 430.42, Florida Statutes, is



15  created to read:



16         430.42  Department of Elderly Affairs Tobacco



17  Settlement Trust Fund.--



18         (1)  The Department of Elderly Affairs Tobacco



19  Settlement Trust Fund is created within that department. Funds



20  to be credited to the trust fund shall consist of funds



21  disbursed, by nonoperating transfer, from the Department of



22  Banking and Finance Tobacco Settlement Clearing Trust Fund in



23  amounts equal to the annual appropriations made from this



24  trust fund.



25         (2)  Notwithstanding the provisions of s. 216.301 and



26  pursuant to s. 216.351, any unencumbered balance in the trust



27  fund at the end of any fiscal year and any encumbered balance



28  remaining undisbursed on December 31 of the same calendar year



29  shall revert to the Department of Banking and Finance Tobacco



30  Settlement Clearing Trust Fund.



31





                                  1



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









    ENROLLED



    1999 Legislature                 CS for SB 1968, 1st Engrossed







  1         (3)  The trust fund shall, unless terminated sooner, be



  2  terminated on July 1, 2003; however, prior to the trust fund's



  3  scheduled termination pursuant to the provisions of s.



  4  19(f)(2), Art. III of the State Constitution, the trust fund



  5  shall be reviewed as provided in s. 215.3206(1) and (2).



  6         Section 2.  This act shall take effect July 1, 1999.



  7



  8



  9



10



11



12



13



14



15



16



17



18



19



20



21



22



23



24



25



26



27



28



29



30



31





                                  2