FL H7249

Creates the Federal Grants Trust Fund within the Executive Office of the Governor as a depository for federal grant funds and restricted program revenues from federal sources.

Trust fund sources include federal government grants and funding, interest earnings, and cash advances from other trust funds, with expenditures requiring legislative appropriation or approved budget amendments under chapter 216.

Annual balances remaining in the trust fund at the end of each fiscal year carry forward and remain available for trust fund purposes, notwithstanding standard lapsing provisions.

Trust fund is scheduled for termination on July 1, 2015, unless terminated sooner, and must be reviewed according to section 215.3206 prior to scheduled termination.

Effective date is July 1, 2011, contingent upon passage and enactment of House Bill 7247 or similar legislation in the same legislative session.