Bill Text: FL H7133 | 2010 | Regular Session | Introduced

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Bill Title: Trust Funds/Ringling Investment Trust Fund/DMS

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-03-24 - Placed on Special Order Calendar; Substituted SB 1626; Laid on Table, companion bill(s) passed, see SB 1626 (Ch. 2010-11) -HJ 00389 [H7133 Detail]

Download: Florida-2010-H7133-Introduced.html

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HB 7133

1	A bill to be entitled
2	An act relating to trust funds; terminating the Ringling
3	Investment Trust Fund within the Department of Management
4	Services; providing for the disposition of balances in and
5	revenues of the trust fund; prescribing procedures for
6	terminating the trust fund; providing an effective date.
7
8	Be It Enacted by the Legislature of the State of Florida:
9
10	Section 1. (1) The Ringling Investment Trust Fund within
11	the Department of Management Services, FLAIR number 72-2-412, is
12	terminated.
13	(2) All current balances remaining in, and all revenues
14	of, the trust fund shall be transferred to the General Revenue
15	Fund.
16	(3) The Department of Management Services shall pay any
17	outstanding debts and obligations of the terminated fund as soon
18	as practicable, and the Chief Financial Officer shall close out
19	and remove the terminated fund from the various state accounting
20	systems using generally accepted accounting principles
21	concerning warrants outstanding, assets, and liabilities.
22	Section 2. This act shall take effect July 1, 2010.

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