(1)(a) The Lottery Capital Outlay and Debt Service Trust Fund is hereby created, to be administered by the Department of Education. Funds shall be credited to the trust fund from legislative appropriations and interest earnings. The purpose of the trust fund is to maintain and account for lottery funds appropriated for fixed capital outlay and debt service separately from lottery funds appropriated for current operations.
(b) Notwithstanding the provisions of s. 216.301 and pursuant to s. 216.351, any balance in the trust fund at the end of any fiscal year shall remain in the trust fund and shall be available for carrying out the purposes of the trust fund.
(2) Lottery funds appropriated for fixed capital outlay and debt service, along with any interest earned thereon, shall be transferred from the Educational Enhancement Trust Fund to the Lottery Capital Outlay and Debt Service Trust Fund.
(3) Pursuant to the provisions of s. 19(f)(3), Art. III of the State Constitution, the trust fund is not subject to termination under s. 19(f)(2), Art. III of the State Constitution.
History.—s. 868, ch. 2002-387.
Structure Florida Statutes
Title XLVIII - Early Learning-20 Education Code
Chapter 1013 - Educational Facilities
Part IV - Funding for Educational Facilities (Ss. 1013.60-1013.841)
1013.60 - Legislative capital outlay budget request.
1013.61 - Annual capital outlay budget.
1013.62 - Charter schools capital outlay funding.
1013.66 - Financing of approved capital projects.
1013.67 - Commissioner to provide for encumbrances of funds.
1013.68 - Classrooms First Program; uses.
1013.69 - Full bonding required to participate in programs.
1013.70 - The 1997 School Capital Outlay Bond Program.
1013.71 - Lottery Capital Outlay and Debt Service Trust Fund.
1013.735 - Classrooms for Kids Program.
1013.736 - District Effort Recognition Program.
1013.737 - The Class Size Reduction and Educational Facilities Lottery Revenue Bond Program.
1013.738 - High Growth District Capital Outlay Assistance Grant Program.
1013.74 - University authorization for fixed capital outlay projects.
1013.75 - Cooperative funding of career center facilities.
1013.76 - Multiyear capital improvement contracts.
1013.78 - Approval required for certain university-related facility acquisitions.
1013.79 - University Facility Enhancement Challenge Grant Program.
1013.841 - End of year balance of Florida College System institution funds.