Posted -
06/03/2009 01:30 PM
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And this transfer of funds is the second time this year that money has been moved from the trust fund. In January, lawmakers moved $26 million from this same fund to shore up budget shortfalls, according to the Miami Herald. This year, lawmakers moved monies from more than 24 trust funds within the state’s various state agencies to cover the $6 billion shortfall. Mobile home, condominium and timeshare owners are required to pay annual fees each year to the trust fund. Timeshare owners contribute $2 per seven-day period and are the largest contributors to the fund. Mobile home park owners pay $5 per lot annually while condominium owners pay $4 per condo each year. According to the Division, 90 percent of the 16,000 phone calls received last year into its office come from Miami-Dade, Broward and Palm Beach counties with the most coming from condominium owners. The balance of the trust fund as of May was $9 million; at the end of December 2008 it was $29 million. |
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