FL S0480

Removes the requirement that the State Board of Administration invest and reinvest endowment fund moneys according to specified statutes (ss. 215.44-215.53)

Eliminates provisions regarding annual transmission of endowment fund earnings to the foundation and the $1 million principal with 5 percent annual increases

Requires 2 percent of remaining civil penalties received by county courts (after distribution under s. 318.21(1)) be remitted monthly to the Department of Revenue for deposit in the endowment fund

Requires 60 percent of additional fines assessed for violations of traffic regulations protecting mobility-impaired persons (s. 316.1303) be remitted monthly to the Department of Revenue for the endowment fund, with 40 percent distributed according to existing law

Effective upon becoming law