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FL S7040

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

  • Creates the Federal Grants Trust Fund within the Department of Financial Services effective July 1, 2011
  • Establishes the trust fund as a depository for federal grant funds, interest earnings, and cash advances from other trust funds to be used for allowable grant activities
  • Requires funds to be expended only through legislative appropriation or approved budget amendments under chapter 216, Florida Statutes
  • Schedules the trust fund for automatic termination on July 1, 2015, unless terminated sooner, with a required review before termination date per section 215.3206, Florida Statutes
  • Requires passage by three-fifths vote of both legislative houses

Legislative Description

Federal Grants Trust Fund/DFS

Last Action

Submit as committee bill by Budget Subcommittee on General Government Appropriations (SB 1038)

2/11/2011

Committee Referrals

General Government Appropriations Subcommittee1/31/2011

Full Bill Text

No bill text available