F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
HB 7083 2024
1 A bill to be entitled
2 An act relating to trust funds; creating s. 17.71,
3 F.S.; creating the Indian Gaming Revenue Clearing
4 Trust Fund within the Department of Financial
5 Services; providing the purpose of the trust fund;
6 providing for sources of funds; providing that the
7 trust fund is exempt from a certain service charge;
8 providing that funds shall be disbursed in a specified
9 manner; exempting the trust fund from termination
10 provisions; providing a contingent effective date.
11
12 Be It Enacted by the Legislature of the State of Florida:
13
14 Section 1. Section 17.71, Florida Statutes, is created to
15 read:
16 17.71 Indian Gaming Revenue Clearing Trust Fund.—
17 (1) The Indian Gaming Revenue Clearing Trust Fund is
18 created within the Department of Financial Services. The purpose
19 of the trust fund is to act as a depository for a portion of the
20 revenue-sharing payments received by the state under the gaming
21 compact, as the term "compact" is defined in s. 285.710(1).
22 (2) Funds shall be credited to the Indian Gaming Revenue
23 Clearing Trust Fund as provided in s. 380.095. Funds received
24 from such revenue-sharing payments and deposited into the trust
25 fund are exempt from the service charges imposed pursuant to s.
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
HB 7083 2024
26 215.20.
27 (3) The department shall disburse funds, by nonoperating
28 transfer, from the Indian Gaming Revenue Clearing Trust Fund as
29 provided in s. 380.095.
30 (4) Pursuant to s. 19(f)(3), Art. III of the State
31 Constitution, the Indian Gaming Revenue Clearing Trust Fund is
32 exempt from the termination provisions of s. 19(f)(2), Art. III
33 of the State Constitution.
34 Section 2. This act shall take effect on the same date
35 that CS/HB 1417 or similar legislation takes effect , if such
36 legislation is adopted in the same legislative session or an
37 extension thereof and becomes a law.
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