Florida Statutes 17.71 – Indian Gaming Revenue Clearing Trust Fund
Current as of: 2024 | Check for updates
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(1) The Indian Gaming Revenue Clearing Trust Fund is created within the Department of Financial Services. The purpose of the trust fund is to act as a depository for a portion of the revenue-sharing payments received by the state under the gaming compact, as the term “compact” is defined in s. 285.710(1).
(2) Funds shall be credited to the Indian Gaming Revenue Clearing Trust Fund as provided in s. 380.095. Funds received from such revenue-sharing payments and deposited into the trust fund are exempt from the service charges imposed pursuant to s. 215.20.
(3) The department shall disburse funds, by nonoperating transfer, from the Indian Gaming Revenue Clearing Trust Fund as provided in s. 380.095.
(4) Pursuant to s. 19(f)(3), Fla. Const. Art. III, the Indian Gaming Revenue Clearing Trust Fund is exempt from the termination provisions of s. 19(f)(2), Fla. Const. Art. III.