Plain English Breakdown
The official source material does not provide details on how individuals using the old fund will be affected or what happens to remaining funds post-debt payment.
Terminating the Mediation and Arbitration Trust Fund
This law ends the Mediation and Arbitration Trust Fund within Florida's State Courts System and moves its remaining funds to another trust fund.
What This Bill Does
- Ends the Mediation and Arbitration Trust Fund within the State Courts System.
- Transfers all current balances and revenues from this trust fund to the State Courts Revenue Trust Fund.
- Uses the new fund to pay off any outstanding debts or obligations of the old fund as soon as possible.
- Closes out the old fund in state accounting systems.
Who It Names or Affects
- The State Courts System
Terms To Know
- Trust Fund
- A special account where money is kept for a specific purpose.
- State Courts Revenue Trust Fund
- An account in the State Courts System that holds money to pay for court operations and services.
Limits and Unknowns
- The bill does not specify how people who used the old fund will be affected.
- It is unclear what happens to any remaining funds after all debts are paid.