Florida Statutes
Fla. Stat. § 215.3207 (2025)
Trust funds; establishment; criteria.
✓ 2025 Florida Statutes — current through the 2025 Regular Session Cite as: Fla. Stat. § 215.3207 (2025)
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215.3207 Trust funds; establishment; criteria.—A trust fund may be created by law only by the Legislature and only if passed by a three-fifths vote of the membership of each house in a separate bill for that purpose only. Except for trust funds being re-created by the Legislature, each trust fund must be created by statutory language that specifies at least the following:
(1) The name of the trust fund.
(2) The agency or branch of state government responsible for administering the trust fund.
(3) The requirements or purposes that the trust fund is established to meet.
(4) The sources of moneys to be credited to the trust fund or specific sources of receipts to be deposited in the trust fund.
History.—s. 17, ch. 92-142; s. 3, ch. 93-159; s. 1, ch. 94-67.
Notes of Decisions
Cited in 2
cases, 1995–1996 · leading case: Service Ins. Co. v. Chiles
Service Ins. Co. v. Chiles (1995)
“In fact, the legislature has spoken on this matter in section 3 of chapter 93-159, Laws of Florida (amending section 215.3207, Florida Statutes, which had been created by chapter 92-142, section 17, Laws of Florida): Trust funds; establishment; criteria.”
American Bankers Insurance Co. v. Chiles (1996)
“Section 215.3207, Florida Statutes (1993), provides that: All trust funds shall be established by the Legislature by a three-fifths vote of the membership of each house in a separate bill for that purpose only and shall be created by statutory language that specifies at least…”
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