No. SB 1360
Filed under Taxes & Budget.
Historic Cemeteries Trust Fund/Department of State; Creating the Historic Cemeteries Trust Fund within the Division of Historical Resources of the Department of State; requiring that moneys be deposited into the trust fund and disbursed by the division as provided in a specified provision, etc.
Plain English Summary
AI-GENERATEDThe bill creates the Historic Cemeteries Trust Fund within the Department of State's Division of Historical Resources. Its specific purpose is to act as a depository for the long-term maintenance and upkeep of cemeteries under the Historic Cemeteries Program.
Moneys must be deposited into the trust fund and disbursed by the division as provided in s. 267.21. This ensures that funds collected for cemetery preservation are strictly managed and spent according to existing statutory guidelines.
Any balance in the trust fund at the end of a fiscal year must remain in the fund. This prevents the state from redirecting leftover preservation money to other general government purposes, ensuring long-term financial stability for the program.
The trust fund is scheduled to terminate on July 1, 2030, unless terminated sooner. Before its scheduled termination, the fund must be reviewed as provided in s. 215.3206(1) and (2) to determine its future status.
AIEstablishes a new state trust fund within the Division of Historical Resources to hold money for long-term cemetery maintenance.
AIRequires that money be deposited into the fund and spent only as directed by the existing Historic Cemeteries Program statute.
AIAllows unspent money to remain in the fund at the end of a fiscal year for future use, overriding the general rule that requires balances to be returned to the general revenue account.
AIRequires the fund to be reviewed and then automatically terminated on July 1, 2030, unless the legislature acts sooner.