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FL S7060

Bill

Official Source

Status

Passed

4/29/2019

Primary Sponsor

Appropriations

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Terminates the Working Capital Trust Fund (FLAIR number 76-2-792) within the Department of Highway Safety and Motor Vehicles
  • Transfers all current balances and revenues from the terminated trust fund to the Highway Safety Operating Trust Fund
  • Requires the Department to pay any outstanding debts and obligations of the terminated fund as soon as practicable
  • Requires the Chief Financial Officer to close out and remove the terminated fund from state accounting systems using generally accepted accounting principles
  • Repeals chapter 2002-151, Laws of Florida, which previously saved the trust fund from termination; effective July 1, 2019

Legislative Description

Termination of the Working Capital Trust Fund within the Department of Highway Safety and Motor Vehicles

Last Action

Chapter No. 2019-18

4/29/2019

Committee Referrals

Appropriations2/12/2019

Full Bill Text

No bill text available