Florida Senate - 2010 CS for SB 1644
By the Committee on Transportation and Economic Development
Appropriations; and Senator Fasano
1 A bill to be entitled
2 An act relating to trust funds; terminating specified
3 trust funds within the Department of State; providing
4 for the disposition of balances in and revenues of
5 such trust funds; prescribing procedures for the
6 termination of such trust funds; amending s. 265.284,
7 F.S.; redesignating the Florida Fine Arts Trust Fund
8 within the Division of Cultural Affairs as the Grants
9 and Donations Trust Fund; providing an effective date.
11 Be It Enacted by the Legislature of the State of Florida:
13 Section 1. (1) The following trust funds within the
14 Department of State are terminated:
15 (a) The Library Services Trust Fund, FLAIR number 45-2-450;
17 (b) The Fine Arts Trust Fund, FLAIR number 45-2-279.
18 (2) All current balances remaining in the trust funds on
19 the date of termination shall be transferred to the Grants and
20 Donations Trust Fund within the Department of State.
21 (3) The Department of State shall pay any outstanding debts
22 and obligations of the terminated funds as soon as practicable,
23 and the Chief Financial Officer shall close out and remove the
24 terminated funds from various state accounting systems using
25 generally accepted accounting principles concerning warrants
26 outstanding, assets, and liabilities.
27 Section 2. Paragraph (e) of subsection (3) and subsection
28 (4) of section 265.284, Florida Statutes, are amended to read:
29 265.284 Chief cultural officer; director of division;
30 powers and duties.—
31 (3) The division shall directly administer and oversee all
32 of the programs authorized by this act. In furtherance thereof,
33 the division shall:
34 (e) Accept on behalf of the state donations of money,
35 property, art objects, and antiquities. Such donations of money
36 and any cash income may be received from the disposal of any
37 donations of property, art objects, or antiquities, which shall
38 be deposited into the Grants and Donations
Florida Fine Arts
39 Trust Fund and are hereby appropriated for use by the division
40 for the purposes authorized in this act.
41 (4) There is created the Florida Fine Arts Trust Fund to be
42 administered by the department and which shall consist of moneys
43 appropriated by the Legislature or contributed from any other
45 Section 3. This act shall take effect July 1, 2011.