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FL S1162
Bill
Status
Failed
4/30/2021
Primary Sponsor
Douglas Broxson
Click for details
AI Summary
- Re-creates the Triumph Gulf Coast Trust Fund (FLAIR number 40-2-043) within the Department of Economic Opportunity, which was scheduled for constitutional termination on July 1, 2021
- Removes the statutory provision in s. 288.80125(3), F.S., that set the July 1, 2021 termination date for the trust fund
- The Legislature reviewed the trust fund prior to its scheduled termination and determined it continues to serve an important public purpose with adequate parameters for its use
- The trust fund is re-created without modification to its existing structure or allowable uses
- Effective date of July 1, 2021, coinciding with the previously scheduled termination date to ensure continuity of the fund
Legislative Description
Trust Funds/Triumph Gulf Coast Trust Fund
Last Action
Died in Commerce and Tourism, companion bill(s) passed, see SB 7054 (Ch. 2021-4)
4/30/2021
Committee Referrals
Commerce And Tourism2/18/2021
Full Bill Text
No bill text available