Title: Florida Drug, Device, & Cosmetic Trust Fund/DBPR

Summary: Creates the Florida Drug, Device, and Cosmetic Trust Fund within the Department of Business and Professional Regulation. Provides for the purpose of the trust fund and sources of funds. Provides for future review and termination or re-creation of the trust fund.

Full Text:
An act relating to trust funds; creating s. 499.0031, F.S.; creating the Florida Drug, Device, and Cosmetic Trust Fund within the Department of Business and Professional Regulation; 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 an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 499.0031, Florida Statutes, is created to read: 499.0031  Florida Drug, Device, and Cosmetic Trust Fund.  (1) The Florida Drug, Device, and Cosmetic Trust Fund is created within the Department of Business and Professional Regulation. (2) Funds to be credited to and uses of the trust fund shall be administered in accordance with the provisions of chapter 499. Funds shall be expended only pursuant to legislative appropriation or an approved amendment to the department s operating budget pursuant to the provisions of chapter 216, Florida Statutes. (3) In accordance with s. 19(f)(2), Article III of the State Constitution, the Florida Drug, Device, and Cosmetic Trust Fund shall, unless terminated sooner, be terminated on July 1, 2015. Before its scheduled termination, the trust fund shall be reviewed as provided in s. 215.3206 (1) and (2), Florida Statutes. Section 2. This act shall take effect July 1, 2011, except that this act shall not take effect unless it is enacted by a three-fifths vote of the membership of each house of the Legislature.