Bill Text: FL H1469 | 2011 | Regular Session | Introduced

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Bill Title: Educational Enhancement Funding

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-05-07 - Indefinitely postponed and withdrawn from consideration [H1469 Detail]

Download: Florida-2011-H1469-Introduced.html

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HB 1469

1	A bill to be entitled
2	An act relating to educational enhancement funding;
3	amending ss. 1010.70 and 1013.71, F.S.; revising
4	provisions relating to the Educational Enhancement Trust
5	Fund and the Lottery Capital Outlay and Debt Service Trust
6	Fund to provide for the redirection for classroom use and
7	operations of a portion of the lottery funds appropriated
8	each fiscal year for capital outlay and debt service;
9	providing an effective date.
10
11	Be It Enacted by the Legislature of the State of Florida:
12
13	Section 1.  Section 1010.70, Florida Statutes, is amended
14	to read:
15	1010.70  Educational Enhancement Trust Fund.-Each fiscal
16	year, variable percentages of the gross revenue from the sale of
17	online and instant lottery tickets as determined by the
18	department, and other earned revenue, excluding application
19	processing fees, shall be deposited in the Educational
20	Enhancement Trust Fund as provided in s. 24.121. Notwithstanding
21	any other provision of law to the contrary and beginning with
22	the 2011-2012 fiscal year, 25 percent of the lottery funds
23	deposited under this section each fiscal year and appropriated
24	for fixed capital outlay and debt service shall be redirected to
25	classroom use and operations. Funds redirected to classroom use
26	and operations shall not substitute general funds previously
27	allocated for classroom purposes.
28	Section 2.  Section 1013.71, Florida Statutes, is amended
29	to read:
30	1013.71  Lottery Capital Outlay and Debt Service Trust
31	Fund.-
32	(1)(a)  The Lottery Capital Outlay and Debt Service Trust
33	Fund is hereby created, to be administered by the Department of
34	Education. Funds shall be credited to the trust fund from
35	legislative appropriations and interest earnings. The purpose of
36	the trust fund is to maintain and account for lottery funds
37	appropriated for fixed capital outlay and debt service
38	separately from lottery funds appropriated for current
39	operations.
40	(b)  Notwithstanding the provisions of s. 216.301 and
41	pursuant to s. 216.351, any balance in the trust fund at the end
42	of any fiscal year shall remain in the trust fund and shall be
43	available for carrying out the purposes of the trust fund.
44	(2)  Lottery funds appropriated for fixed capital outlay
45	and debt service, along with any interest earned thereon, shall
46	be transferred from the Educational Enhancement Trust Fund to
47	the Lottery Capital Outlay and Debt Service Trust Fund.
48	(3)  Pursuant to the provisions of s. 19(f)(3), Art. III of
49	the State Constitution, the trust fund is not subject to
50	termination under s. 19(f)(2), Art. III of the State
51	Constitution.
52	(4)  Notwithstanding any other provision of law to the
53	contrary and beginning with the 2011-2012 fiscal year, 25
54	percent of the lottery funds designated for capital outlay
55	purposes under this section each fiscal year shall be redirected
56	to classroom use and operations. Funds redirected to classroom
57	use and operations shall not substitute general funds previously
58	allocated for classroom purposes.
59	Section 3.  This act shall take effect July 1, 2011.

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