Bill Text: FL S1628 | 2010 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Federal Grants Trust Fund/DMS [WPSC]

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2010-04-15 - Approved by Governor -SJ 00617; Chapter No. 2010-12 [S1628 Detail]

Download: Florida-2010-S1628-Introduced.html

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       Florida Senate - 2010                                    SB 1628 
        
       By Senator Baker 
       20-01349-10                                           20101628__ 
    1                        A bill to be entitled                       
    2         An act relating to trust funds; creating the Federal 
    3         Grants Trust Fund within the Department of Management 
    4         Services; providing for the purpose of the trust fund 
    5         and sources of funds; providing for future review and 
    6         termination or re-creation of the trust fund; 
    7         providing an effective date. 
    8   
    9  Be It Enacted by the Legislature of the State of Florida: 
   10   
   11         Section 1. Federal Grants Trust Fund.— 
   12         (1) The Federal Grants Trust Fund is created within the 
   13  Department of Management Services. 
   14         (2) The trust fund is established for use as a depository 
   15  for funds to be used for allowable grant activities funded by 
   16  restricted program revenues from federal sources. Moneys to be 
   17  credited to the trust fund shall consist of grants and funding 
   18  from the Federal Government, interest earnings, and cash 
   19  advances from other trust funds. Funds shall be expended only 
   20  pursuant to legislative appropriation or an approved amendment 
   21  to the department’s operating budget pursuant to the provisions 
   22  of chapter 216, Florida Statutes. 
   23         (3) In accordance with s. 19(f)(2), Article III of the 
   24  State Constitution, the Federal Grants Trust Fund shall, unless 
   25  terminated sooner, be terminated on July 1, 2014. Before its 
   26  scheduled termination, the trust fund shall be reviewed as 
   27  provided in s. 215.3206(1) and (2), Florida Statutes. 
   28         Section 2. This act shall take effect July 1, 2010.