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FL S2518

FL S2518
Triumph Gulf Coast Trust Fund/Department of Economic Opportunity


summary

Introduced
04/06/2017
In Committee
Crossed Over
Passed
Dead
05/08/2017

Introduced Session

2017 Regular Session

Bill Summary

Creating the Triumph Gulf Coast Trust Fund within the Department of Economic Opportunity; exempting the trust fund from the general revenue service charge, etc.

AI Summary

This bill creates the Triumph Gulf Coast Trust Fund within the Department of Economic Opportunity. The trust fund will serve as a depository for funds transferred from the General Revenue Fund pursuant to a settlement agreement related to the Deepwater Horizon oil spill incident. The funds in the trust fund are to be used for the purposes described in existing state statutes. The trust fund is exempt from the general revenue service charge and is scheduled to terminate on July 1, 2021, unless terminated sooner. The bill will take effect on the same date that related legislation (SB 364) takes effect, if that legislation is enacted and this bill is passed by a three-fifths vote of each legislative chamber.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Appropriations (Senate)

Last Action

Laid on Table, companion bill(s) passed, see HB 7079 (Ch. 2017-64), HB 7077 (Ch. 2017-63), SB 2500 (Ch. 2017-70) (on 05/01/2017)

bill text


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