Bill Text: FL S1626 | 2022 | Regular Session | Introduced

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Bill Title: Trust Funds/Division of Cannabis Trust Fund/Department of Agriculture and Consumer Services

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2022-03-14 - Died in Health Policy [S1626 Detail]

Download: Florida-2022-S1626-Introduced.html

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       Florida Senate - 2022                                    SB 1626
       
       
        
       By Senator Farmer
       
       
       
       
       
       34-00463-22                                           20221626__
    1                        A bill to be entitled                      
    2         An act relating to trust funds; creating s. 566.015,
    3         F.S.; creating the Division of Cannabis Trust Fund
    4         within the Department of Agriculture and Consumer
    5         Services; providing the purpose and for the funding
    6         source of the trust fund; requiring a distribution of
    7         specified funds to the Department of Health until a
    8         specified date; providing for future review and
    9         termination or re-creation of the trust fund;
   10         providing a contingent effective date.
   11          
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Section 566.015, Florida Statutes, is created to
   15  read:
   16         566.015 Division of Cannabis Trust Fund.—
   17         (1) The Division of Cannabis Trust Fund is created within
   18  the department.
   19         (2) Funds must be used for the purpose of operating the
   20  division and administering this chapter. All funds collected by
   21  the division under this chapter must be deposited into the trust
   22  fund, except that funds collected from the excise tax under s.
   23  566.012 must be distributed as provided in s. 566.013.
   24         (3) Until January 1, 2031, an amount equal to 5 percent of
   25  the revenues received by the division during the previous month
   26  pursuant to the tax imposed by s. 566.012 must be transferred
   27  from the fund to the Department of Health to be used to provide
   28  grants for the purpose of producing peer-reviewed research on
   29  marijuana’s beneficial uses and safety.
   30         (4) In accordance with s. 19(f)(2), Art. III of the State
   31  Constitution, the Division of Cannabis Trust Fund, unless
   32  terminated sooner, shall be terminated on July 1, 2027. Before
   33  its scheduled termination, the trust fund shall be reviewed as
   34  provided in s. 215.3206(1) and (2).
   35         Section 2. This act shall take effect on the same date that
   36  SB ___ or similar legislation takes effect, if such legislation
   37  is enacted in the same legislative session or an extension
   38  thereof and becomes a law.