Title: Trust Funds/Clearing Funds Trust Fund/DOS

Summary: Re-creates Clearing Funds Trust Fund within DOS without modification; repeals provisions relating to termination of trust fund, to conform.

Full Text:
WHEREAS, the Legislature wishes to extend the life of the Clearing Funds Trust Fund within the Department of State, which is otherwise sched uled to be terminated pursuant to constitutional mandate, and WHEREAS, the Legislature has reviewed the trust fund before its scheduled termination date and has found that it continues to meet an important public purpose, and WHEREAS, the Legislature has found that existing public policy concerning the trust fund sets adequate parameters for its use, NOW, THEREFORE, Be It Enacted by the Legislature of the State of Florida: Section 1. The Clearing Funds Trust Fund within the Department of State, FL AIR number-2-537, which is to be terminated pursuant to Section 19(f), Article III of the State Constitution on July 1, 2014, is re-created. Section 2. Subsection (3) of section 20.104, Florida Statutes, is repealed. Section 3. This act shall ta ke effect July 1, 2013.