Bill Text: FL S0426 | 2015 | Regular Session | Enrolled

Florida Senate Bill 426 (Prior Session Legislation)

Bill Title: Trust Funds of the Department of Education and the Board of Governors of the State University System

Spectrum: Bipartisan Bill

Status: (Passed) 2015-04-16 - Chapter No. 2015-7 [S0426 Detail]

Download: Florida-2015-S0426-Enrolled.html

       ENROLLED
       2015 Legislature                                   CS for SB 426
       
       
       
       
       
       
                                                              2015426er
    1  
    2         An act relating to trust funds of the Department of
    3         Education and the Board of Governors of the State
    4         University System; terminating the Building Fee Trust
    5         Fund, the Replacement Trust Fund, the State University
    6         System Concurrency Trust Fund, the State University
    7         System Law Enforcement Trust Fund, and the Uniform
    8         Payroll Trust Fund within the Department of Education
    9         and the Board of Governors of the State University
   10         System; providing for the disposition of balances in
   11         and revenues of such trust funds; amending s.
   12         932.7055, F.S.; requiring certain proceeds to be
   13         deposited into a state university’s appropriate local
   14         account instead of the special law enforcement trust
   15         fund; amending s. 1010.86, F.S.; conforming provisions
   16         to changes made by this act; providing an effective
   17         date.
   18          
   19  Be It Enacted by the Legislature of the State of Florida:
   20  
   21         Section 1. (1) The following trust funds within the
   22  Department of Education or Board of Governors of the State
   23  University System are terminated:
   24         (a) The Building Fee Trust Fund, FLAIR numbers 48-2-064 and
   25  4890-2-064. All current balances remaining in, and all revenues
   26  of, the Building Fee Trust Fund terminated by this act shall be
   27  transferred to the Capital Improvement Fee Trust Fund.
   28         (b) The Replacement Trust Fund, FLAIR numbers 48-2-580 and
   29  4890-2-580. All current balances remaining in, and all revenues
   30  of, the Replacement Trust fund terminated by this act shall be
   31  transferred to each university’s local account.
   32         (c) The State University System Concurrency Trust Fund,
   33  FLAIR numbers 48-2-682 and 4890-2-682.
   34         (d) The State University Law Enforcement Trust Fund, FLAIR
   35  numbers 48-2-434 and 4890-2-434.
   36         (e) The Uniform Payroll Trust Fund, FLAIR numbers 48-2-766
   37  and 4890-2-766.
   38         (2) Unless otherwise provided, all current balances
   39  remaining in, and all revenues of, the trust funds terminated by
   40  this act shall be transferred to the General Revenue Fund.
   41         (3) For each trust fund terminated by this section, the
   42  Department of Education or Board of Governors of the State
   43  University System shall pay any outstanding debts and
   44  obligations of the terminated funds as soon as practicable, and
   45  the Chief Financial Officer shall close out and remove the
   46  terminated funds from various state accounting systems using
   47  generally accepted accounting principles concerning warrants
   48  outstanding, assets, and liabilities.
   49         Section 2. Paragraph (g) of subsection (6) of section
   50  932.7055, Florida Statutes, is amended to read:
   51         932.7055 Disposition of liens and forfeited property.—
   52         (6) If the seizing agency is a state agency, all remaining
   53  proceeds shall be deposited into the General Revenue Fund.
   54  However, if the seizing agency is:
   55         (g) One of the State University System police departments
   56  acting within the jurisdiction of its employing state
   57  university, the proceeds accrued pursuant to the provisions of
   58  the Florida Contraband Forfeiture Act shall be deposited into
   59  that state university’s appropriate local account special law
   60  enforcement trust fund.
   61         Section 3. Section 1010.86, Florida Statutes, is amended to
   62  read:
   63         1010.86 Administration of the capital improvement fee and
   64  building fees trust fund funds.—The Board of Governors of the
   65  State University System State Board of Education shall
   66  administer the Capital Improvement Fee Trust Fund, and the
   67  Building Fee Trust Fund which includes include receipts from
   68  capital improvement and building student fee assessments,
   69  interest earnings, and subsidy grants. All funds, except those
   70  to be used for debt service payments, reserve requirements, and
   71  educational research centers for child development, pursuant to
   72  s. 1011.48, shall be used to fund projects appropriated by the
   73  Legislature. Projects funded pursuant to this section may be
   74  expanded by the use of supplemental funds such as grants,
   75  auxiliary enterprises, private donations, and other nonstate
   76  sources.
   77         Section 4. This act shall take effect July 1, 2015.