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FL S7014

FL S7014
Trust Funds of the State Courts System


summary

Introduced
03/06/2025
In Committee
03/07/2025
Crossed Over
04/09/2025
Passed
Dead
06/16/2025

Introduced Session

2025 Regular Session

Bill Summary

An act relating to trust funds of the State Courts System; terminating the Mediation and Arbitration Trust Fund; providing that the current balances in and revenues of the trust fund be transferred to the State Courts Revenue Trust Fund; requiring that the State Courts Revenue Trust Fund be used to pay any outstanding debts or obligations of the Mediation and Arbitration Trust Fund as soon as practicable; requiring the Chief Financial Officer to close out and remove the Mediation and Arbitration Trust Fund from the various state accounting and financial systems, using generally accepted accounting principles concerning assets, liabilities, and warrants outstanding; providing an effective date.

AI Summary

This bill terminates the Mediation and Arbitration Trust Fund within the State Courts System, transferring all of its current balances and future revenues to the State Courts Revenue Trust Fund. The State Courts Revenue Trust Fund will be responsible for paying any outstanding debts or obligations from the terminated fund as quickly as possible. The Chief Financial Officer is required to close out the Mediation and Arbitration Trust Fund by removing it from state accounting and financial systems, following generally accepted accounting principles for handling assets, liabilities, and outstanding warrants. The bill will take effect on July 1, 2025, and appears to be a procedural measure to consolidate and streamline the state courts' financial management by eliminating a separate trust fund and merging its resources into a more comprehensive revenue trust fund.

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Appropriations Committee on Criminal and Civil Justice (S)

Last Action

Died in Messages, companion bill(s) passed, see SB 2500 (Ch.2025-198) (on 06/16/2025)

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