Bill Text: FL S0650 | 2010 | Regular Session | Introduced

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Bill Title: State Board of Administration Membership [GPSC]

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2010-04-30 - Died in Committee on Governmental Oversight and Accountability [S0650 Detail]

Download: Florida-2010-S0650-Introduced.html

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Florida Senate - 2010                                    SJR 650 
 
By Senator Gelber 
35-00453-10                                            2010650__ 
1                       Senate Joint Resolution 
2         A joint resolution proposing an amendment to Section 4 
3         of Article IV of the State Constitution to revise the 
4         membership of the State Board of Administration to 
5         replace the Attorney General with the Commissioner of 
6         Agriculture as a member of the board. 
7 
8  Be It Resolved by the Legislature of the State of Florida: 
9 
10         That the following amendment to Section 4 of Article IV of 
11  the State Constitution is agreed to and shall be submitted to 
12  the electors of this state for approval or rejection at the next 
13  general election or at an earlier special election specifically 
14  authorized by law for that purpose: 
15                             ARTICLE IV 
16                              EXECUTIVE 
17         SECTION 4. Cabinet.— 
18         (a) There shall be a cabinet composed of an attorney 
19  general, a chief financial officer, and a commissioner of 
20  agriculture. In addition to the powers and duties specified 
21  herein, they shall exercise such powers and perform such duties 
22  as may be prescribed by law. In the event of a tie vote of the 
23  governor and cabinet, the side on which the governor voted shall 
24  be deemed to prevail. 
25         (b) The attorney general shall be the chief state legal 
26  officer. There is created in the office of the attorney general 
27  the position of statewide prosecutor. The statewide prosecutor 
28  shall have concurrent jurisdiction with the state attorneys to 
29  prosecute violations of criminal laws occurring or having 
30  occurred, in two or more judicial circuits as part of a related 
31  transaction, or when any such offense is affecting or has 
32  affected two or more judicial circuits as provided by general 
33  law. The statewide prosecutor shall be appointed by the attorney 
34  general from not less than three persons nominated by the 
35  judicial nominating commission for the supreme court, or as 
36  otherwise provided by general law. 
37         (c) The chief financial officer shall serve as the chief 
38  fiscal officer of the state, and shall settle and approve 
39  accounts against the state, and shall keep all state funds and 
40  securities. 
41         (d) The commissioner of agriculture shall have supervision 
42  of matters pertaining to agriculture except as otherwise 
43  provided by law. 
44         (e) The governor as chair, the chief financial officer, and 
45  the commissioner of agriculture attorney general shall 
46  constitute the state board of administration, which shall 
47  succeed to all the power, control, and authority of the state 
48  board of administration established pursuant to Article IX, 
49  Section 16 of the Constitution of 1885, and which shall continue 
50  as a body at least for the life of Article XII, Section 9(c). 
51         (f) The governor as chair, the chief financial officer, the 
52  attorney general, and the commissioner of agriculture shall 
53  constitute the trustees of the internal improvement trust fund 
54  and the land acquisition trust fund as provided by law. 
55         (g) The governor as chair, the chief financial officer, the 
56  attorney general, and the commissioner of agriculture shall 
57  constitute the agency head of the Department of Law Enforcement. 
58         BE IT FURTHER RESOLVED that the following statement be 
59  placed on the ballot: 
60                      CONSTITUTIONAL AMENDMENT 
61                        ARTICLE IV, SECTION 4 
62         REVISING THE MEMBERSHIP OF THE STATE BOARD OF 
63  ADMINISTRATION.—The State Constitution currently provides that 
64  the Governor as chair, the Chief Financial Officer, and the 
65  Attorney General constitute the State Board of Administration. 
66  This amendment will revise the membership of the State Board of 
67  Administration by replacing the Attorney General with the 
68  Commissioner of Agriculture. The State Board of Administration 
69  is a state agency that provides a variety of investment services 
70  to various governmental entities. The responsibilities of the 
71  State Board of Administration include, but are not limited to, 
72  managing the assets of the Florida Retirement System Pension 
73  Plan, the Lawton Chiles Endowment Fund, the Local Government 
74  Surplus Funds Trust Fund, and the Hurricane Catastrophe Fund.