FL H1369

Removes the State Board of Administration's requirement to invest and reinvest endowment fund moneys and the provisions establishing a $1 million principal with annual 5 percent increases.

Requires 2 percent of all civil penalties received by county courts under chapter 318 to be remitted monthly to the Department of Revenue for deposit in the endowment fund.

Requires 60 percent of additional fines assessed under section 318.18(3)(f) for violations of section 316.1303 (mobility-impaired traffic violations) to be remitted monthly to the Department of Revenue for endowment fund deposit, with 40 percent distributed per existing law.

Amends section 318.18 to conform penalty distribution provisions to the endowment fund allocation requirements established in this act.

Effective July 1, 2010.