An endowment fund for health programs and education in Florida started being dismantled after HB 5011 was signed by DeSantis in June, and taken into effect on July 1st.Â
HB 5011 issued the termination of the Lawton Chiles Endowment Fund (LCEF) and directed the State Board of Administration to liquidate and transfer the funds into the Budget Stabilization Fund by June 30th, 2022.Â
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