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Bill > H7079


FL H7079

FL H7079
Trust Funds/Creation/Triumph Gulf Coast Trust Fund/DEO


summary

Introduced
03/16/2017
In Committee
04/05/2017
Crossed Over
03/29/2017
Passed
05/01/2017
Dead
Signed/Enacted/Adopted
06/02/2017

Introduced Session

2017 Regular Session

Bill Summary

Creates Triumph Gulf Coast Trust Fund within DEO; exempts trust fund from general revenue service charge; provides for purpose of trust fund & source of funds; provides for future review & termination or re-creation of trust fund.

AI Summary

This bill creates the Triumph Gulf Coast Trust Fund within the Department of Economic Opportunity (DEO). The trust fund is established as a depository for funds transferred from the General Revenue Fund pursuant to a settlement agreement related to the 2010 Deepwater Horizon oil spill incident. The bill exempts the trust fund from the general revenue service charge and specifies that the funds shall be used for the purposes described in existing statutes. The trust fund is scheduled to be terminated on July 1, 2021, unless terminated sooner, and will be subject to review before its scheduled termination.

Committee Categories

Business and Industry

Sponsors (3)

Other Sponsors (1)

Select Committee on Triumph Gulf Coast (Other)

Last Action

Chapter No. 2017-64, companion bill(s) passed, see HB 7077 (Ch. 2017-63) (on 06/02/2017)

bill text


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