January 18, 2021
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_h7133__
HB 7133

1
A bill to be entitled
2An act relating to trust funds; terminating the Ringling
3Investment Trust Fund within the Department of Management
4Services; providing for the disposition of balances in and
5revenues of the trust fund; prescribing procedures for
6terminating the trust fund; providing an effective date.
7
8Be It Enacted by the Legislature of the State of Florida:
9
10     Section 1.  (1)  The Ringling Investment Trust Fund within
11the Department of Management Services, FLAIR number 72-2-412, is
12terminated.
13     (2)  All current balances remaining in, and all revenues
14of, the trust fund shall be transferred to the General Revenue
15Fund.
16     (3)  The Department of Management Services shall pay any
17outstanding debts and obligations of the terminated fund as soon
18as practicable, and the Chief Financial Officer shall close out
19and remove the terminated fund from the various state accounting
20systems using generally accepted accounting principles
21concerning warrants outstanding, assets, and liabilities.
22     Section 2.  This act shall take effect July 1, 2010.


CODING: Words stricken are deletions; words underlined are additions.
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