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FL S7032

Bill

Official Source

Status

Prefiled

N/A

Primary Sponsor

Budget Subcommittee on General Government Appropriations

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Terminates the State Treasury Escrow Trust Fund (FLAIR number 43-2-622) and the Employee Refund Clearing Trust Fund (FLAIR number 43-2-194) within the Department of Financial Services
  • Transfers all remaining balances and future revenues from the terminated trust funds to the Treasury Cash Deposit Trust Fund upon termination
  • Requires the Department of Financial Services to pay outstanding debts and obligations of the terminated funds as soon as practicable
  • Directs the Chief Financial Officer to close out and remove the terminated funds from state accounting systems using generally accepted accounting principles
  • Takes effect July 1, 2011

Legislative Description

Trust Funds/Department of Financial Services

Last Action

Submit as committee bill by Budget Subcommittee on General Government Appropriations (SB 1030)

2/11/2011

Committee Referrals

General Government Appropriations Subcommittee1/31/2011

Full Bill Text

No bill text available