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| 27 | Statutes, is repealed.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