THE BILL ITSELF
HB 5401
Trust Funds of the State Court System
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An act relating to trust funds of the State Courts
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System; terminating the Mediation and Arbitration
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Trust Fund; providing for the disposition of balances
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in and revenues of the trust fund; prescribing
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procedures for the termination of the trust fund;
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providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. (1) The Mediation and Arbitration Trust Fund
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within the State Courts System, FLAIR number 22-2-213, is
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terminated.
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(2) All current balances remaining in, and all revenues
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of, the trust fund shall be transferred to the State Courts
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Revenue Trust Fund.
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(3) The State Courts Revenue Trust Fund shall be used to
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pay any outstanding debts or obligations of the terminated fund
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as soon as practicable, and the Chief Financial Officer shall
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close out and remove the trust fund from the various state
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accounting and financial systems, using generally accepted
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accounting principles concerning assets, liabilities, and
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warrants outstanding.
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Section 2. This act shall take effect July 1, 2026.