Title: Trust Funds/State Technology Working Capital Trust Fund

Summary: Creates State Technology Working Capital Trust Fund within Agency for State Technology of EOG; provides for purpose of trust fund & sources of funds; provides for future review & termination or re-creation of trust fund; provides for contingent effect.

Full Text:
An act relating to trust funds; creating s. 282.221, F.S.; creating the State Technology Working Capital Trust Fund within the Agency for State Technology of the Executive Office of the Governor; providing for the purpose of the trust fund and sources of funds; providing for future review and termination or re creation of the trust fund; providing a contingent effective date. Be It Enacted by the Legislatu re of the State of Florida: Section 1. Section 282.221, Florida Statutes, is created to read: 282.221 State Technology Working Capital Trust Fund.-(1) The State Technology Working Capital Trust Fund is created within the Agency for State Technolo gy of the Executive Office of the Governor. (2) The trust fund is established for use as a depository for funds received by the state data center from the billing of customer entities for the cost of services provided to the customer entity, funds receiv ed by the Agency for State Technology, interest earnings, and cash advances from customer entities. Moneys deposited in the trust fund shall be used to fund operations of the Agency for State Technology and the state data center. (3) In accordance with s. 19(f)(2), Art. III of the State Constitution, the State Technology Working Capital Trust Fund HB 5011 2013 shall, unless terminated sooner, be terminated on July 1, 2017. Before its scheduled termination, the trust fund shall be reviewed as provided in s. 215.3206(1) and (2). Section 2. This act shall take effect July 1, 2013,if HB 5009 or similar legislation is adopted in the same legislative session or an extension thereof and becomes law.