reglab/statecodes huggingface dataset:
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1009 - Educational Scholarships, Fees, and Financial Assistance › Part IV - Prepaid College Board Programs (Ss. 1009.97-1009.988) › 1009.987 - Public records exemption.

1009.987 Public records exemption.—
(1) As used in this section, the term:
(a) “Consumer” means a party to a participation agreement.
(b) “Personal financial and health information” means:
1. A consumer’s personal health condition, disease, injury, or medical diagnosis or treatment;
2. The existence, nature, source, or amount of a consumer’s personal income or expenses;
3. Records of or relating to a consumer’s personal financial transactions of any kind; or
4. The existence, identification, nature, or value of a consumer’s assets, liabilities, or net worth.
(2) The personal financial and health information of a consumer held by the Florida Prepaid College Board, Florida ABLE, Inc., or the Florida ABLE program, or an agent or service provider thereof, relating to an ABLE account or a participation agreement or any information that would identify a consumer is confidential and exempt from s. 119.07(1) and s. 24(a), Art. I of the State Constitution.
(3) The Florida Prepaid College Board or Florida ABLE, Inc., may authorize the disclosure of information made confidential and exempt under subsection (2) to another state or federal government entity if disclosure is necessary for the receiving entity to perform its duties or responsibilities or to verify the eligibility of an eligible individual or authorize the use of an ABLE account.
History.—s. 1, ch. 2015-58; s. 1, ch. 2020-165.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1009 - Educational Scholarships, Fees, and Financial Assistance › Part IV - Prepaid College Board Programs (Ss. 1009.97-1009.988) › 1009.988 - Florida ABLE Program Trust Fund.

1009.988 Florida ABLE Program Trust Fund.—
(1) The Florida ABLE Program Trust Fund is created within the State Board of Administration.
(2) The Florida ABLE Program Trust Fund shall consist of appropriations, moneys acquired from other governmental or private sources for the Florida ABLE program, and moneys remitted in accordance with participation agreements. Assets held in the trust fund may be expended only to carry out the purposes of the Florida ABLE program.
(a) Any balance in the trust fund at the end of a fiscal year shall remain in the trust fund and shall be available for carrying out the purpose of the Florida ABLE program. Assets held in the trust fund are exempt from the investment requirements of s. 17.57 and may be invested pursuant to s. 215.47.
(b) Assets held in the trust fund shall be maintained, invested, and expended solely for the purposes of the Florida ABLE program and may not be loaned, transferred, or otherwise used by the state for any purpose other than the Florida ABLE program. This paragraph does not prohibit Florida ABLE, Inc., from investing in, by purchase or otherwise, bonds, notes, or other obligations of the state or an agency or instrumentality of the state. Unless otherwise specified by Florida ABLE, Inc., assets held in the trust fund shall be expended in the priority of making payments to, or on behalf of, designated beneficiaries, and then paying for the costs of administration and operations for the Florida ABLE program.
History.—ss. 1, 2, ch. 2015-57; s. 2, ch. 2018-79.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.01 - Uniform records and accounts.

1010.01 Uniform records and accounts.—
(1)(a) The financial records and accounts of each school district, Florida College System institution, and other institution or agency under the supervision of the State Board of Education shall be prepared and maintained as prescribed by law and rules of the State Board of Education.
(b) The financial records and accounts of each state university under the supervision of the Board of Governors shall be prepared and maintained as prescribed by law and rules of the Board of Governors.
(2) Rules of the State Board of Education and rules of the Board of Governors shall incorporate the requirements of law and accounting principles generally accepted in the United States. Such rules shall include a uniform classification of accounts.
(3) Each state university shall annually file with the Board of Governors financial statements prepared in conformity with accounting principles generally accepted by the United States and the uniform classification of accounts prescribed by the Board of Governors. The Board of Governors’ rules shall prescribe the filing deadline for the financial statements.
(4) Required financial accounts and reports shall include provisions that are unique to each of the following: K-12 school districts, Florida College System institutions, and state universities, and shall provide for the data to be reported to the National Center of Educational Statistics and other governmental and professional educational data information services as appropriate.
(5) Each school district, Florida College System institution, and state university shall establish and maintain internal controls designed to:
(a) Prevent and detect fraud, waste, and abuse as defined in s. 11.45(1).
(b) Promote and encourage compliance with applicable laws, rules, contracts, grant agreements, and best practices.
(c) Support economical and efficient operations.
(d) Ensure reliability of financial records and reports.
(e) Safeguard assets.
History.—s. 526, ch. 2002-387; s. 142, ch. 2007-217; s. 149, ch. 2011-5; s. 20, ch. 2019-15.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.011 - Definition.

1010.011 Definition.—For purposes of this chapter and chapter 1011, the terms “university,” “universities,” and “university board of trustees” include all state universities under the supervision of the Board of Governors.
History.—s. 527, ch. 2002-387; s. 143, ch. 2007-217.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.02 - Financial accounting and expenditures.

1010.02 Financial accounting and expenditures.—
(1) All funds accruing to a school district or a Florida College System institution must be received, accounted for, and expended in accordance with law and rules of the State Board of Education.
(2) All funds accruing to a state university must be received, accounted for, and expended in accordance with law and rules of the Board of Governors.
History.—s. 528, ch. 2002-387; s. 144, ch. 2007-217; s. 150, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.03 - Delinquent accounts.

1010.03 Delinquent accounts.—District school boards, Florida College System institution boards of trustees, and university boards of trustees:
(1) Shall exert every effort to collect all delinquent accounts.
(2) May charge off or settle such accounts as may prove uncollectible.
(3) May employ the services of a collection agency when deemed advisable in collecting delinquent accounts.
(4) May adopt rules, except that university boards of trustees may adopt regulations, as necessary, to implement the provisions of this section, including setoff procedures, payroll deductions, and restrictions on release of transcripts, awarding of diplomas, and access to other resources and services of the school district, Florida College System institution, or university.
History.—s. 529, ch. 2002-387; s. 151, ch. 2011-5; s. 20, ch. 2011-177.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.05 - Federal grants; maximization of indirect cost allowance.

1010.05 Federal grants; maximization of indirect cost allowance.—The Department of Education shall maximize the available federal indirect cost allowed on all federal grants. Beginning with the 2003-2004 fiscal year, none of the funds received from indirect cost allowance shall be expended by the department without specific appropriation by the Legislature. Funds received pursuant to s. 1004.22 are specifically exempt from this provision.
History.—s. 531, ch. 2002-387; ss. 4, 79, ch. 2002-402.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.06 - Indirect cost limitation.

1010.06 Indirect cost limitation.—State funds appropriated by the Legislature to the Division of Public Schools within the Department of Education may not be used to pay indirect costs to a university, Florida College System institution, school district, or any other entity.
History.—s. 23, ch. 2009-59; s. 153, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.07 - Bonds or insurance required.

1010.07 Bonds or insurance required.—
(1) Each district school board, Florida College System institution board of trustees, and university board of trustees shall ensure that each official and employee responsible for handling, expending, or authorizing the expenditure of funds shall be appropriately bonded or insured to protect the board and the funds involved.
(2)(a) Contractors paid from school district or Florida College System institution funds shall give bond for the faithful performance of their contracts in such amount and for such purposes as prescribed by s. 255.05 or by rules of the State Board of Education relating to the type of contract involved. It shall be the duty of the district school board or Florida College System institution board of trustees to require from construction contractors a bond adequate to protect the board and the board’s funds involved.
(b) Contractors paid from university funds shall give bond for the faithful performance of their contracts in such amount and for such purposes as prescribed by s. 255.05 or by regulations of the Board of Governors relating to the type of contract involved. It shall be the duty of the university board of trustees to require from construction contractors a bond adequate to protect the board and the board’s funds involved.
History.—s. 532, ch. 2002-387; s. 123, ch. 2003-1; s. 146, ch. 2007-217; s. 154, ch. 2011-5; s. 22, ch. 2011-177.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.08 - Promotion and public relations; funding.

1010.08 Promotion and public relations; funding.—Each district school board and Florida College System institution board of trustees may budget and use a portion of the funds accruing to it from auxiliary enterprises and undesignated gifts for promotion and public relations as prescribed by rules of the State Board of Education. Such funds may be used to provide hospitality to business guests in the district or elsewhere. However, such hospitality expenses may not exceed the amount authorized for such contingency funds as prescribed by rules of the State Board of Education.
History.—s. 533, ch. 2002-387; s. 155, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.09 - Direct-support organizations.

1010.09 Direct-support organizations.—
(1) School district and Florida College System institution direct-support organizations shall be organized and conducted under the provisions of ss. 1001.453 and 1004.70 and rules of the State Board of Education, as applicable.
(2) State university direct-support organizations shall be organized and conducted under the provisions of s. 1004.28 and rules of the Board of Governors, as applicable.
History.—s. 534, ch. 2002-387; s. 147, ch. 2007-217; s. 156, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part I - General Accounting Requirements (Ss. 1010.01-1010.11) › 1010.11 - Electronic transfer of funds.

1010.11 Electronic transfer of funds.—Pursuant to the provisions of s. 215.85, each district school board, Florida College System institution board of trustees, and university board of trustees shall adopt written policies prescribing the accounting and control procedures under which any funds under their control are allowed to be moved by electronic transaction for any purpose including direct deposit, wire transfer, withdrawal, investment, or payment. Electronic transactions shall comply with the provisions of chapter 668.
History.—s. 535, ch. 2002-387; s. 24, ch. 2009-59; s. 157, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part II - Financial Reporting (Ss. 1010.20-1010.25) › 1010.21 - Indirect costs.

1010.21 Indirect costs.—District school boards shall assess district indirect costs only for services received by the program or institution against which such cost is assessed. When assigning each specific indirect cost to multiple programs or institutions, district school boards shall identify one basis for the assessment of such cost and shall maintain the same basis for assigning such cost to each program or institution.
History.—s. 538, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part II - Financial Reporting (Ss. 1010.20-1010.25) › 1010.22 - Cost accounting and reporting for workforce education.

1010.22 Cost accounting and reporting for workforce education.—
(1) Each school district and each Florida College System institution shall account for expenditures of all state, local, federal, and other funds in the manner prescribed by the State Board of Education.
(2) Each school district and each Florida College System institution shall report expenditures for workforce education in accordance with requirements prescribed by the State Board of Education.
(3) The Department of Education, in cooperation with school districts and Florida College System institutions, shall develop and maintain a database of valid comparable information on workforce education which will meet both state and local needs.
History.—s. 540, ch. 2002-387; s. 158, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part II - Financial Reporting (Ss. 1010.20-1010.25) › 1010.23 - Cost accounting and reporting for Florida College System institutions.

1010.23 Cost accounting and reporting for Florida College System institutions.—Florida College System institutions shall provide an annual report on the cost of operations as provided in s. 1011.84.
History.—s. 541, ch. 2002-387; s. 159, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part II - Financial Reporting (Ss. 1010.20-1010.25) › 1010.24 - Cost accounting and reporting for universities.

1010.24 Cost accounting and reporting for universities.—Universities shall provide an annual expenditure analysis report as provided in s. 1011.90.
History.—s. 542, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part III - Audit Requirements and Procedures (Ss. 1010.30-1010.36) › 1010.30 - Audits required.

1010.30 Audits required.—
(1) School districts, Florida College System institutions, and other institutions and agencies under the supervision of the State Board of Education and state universities under the supervision of the Board of Governors are subject to the audit provisions of ss. 11.45 and 218.39.
(2) If an audit contains a significant deficiency or material weakness, the district school board, the Florida College System institution board of trustees, or the university board of trustees shall conduct an audit overview during a public meeting. The audit overview shall describe the corrective action to be taken and a timeline for completion of such action.
History.—s. 544, ch. 2002-387; s. 148, ch. 2007-217; s. 160, ch. 2011-5; s. 35, ch. 2012-134; s. 9, ch. 2018-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part III - Audit Requirements and Procedures (Ss. 1010.30-1010.36) › 1010.305 - Audit of student enrollment.

1010.305 Audit of student enrollment.—
(1) The Auditor General shall periodically examine the records of school districts, and other agencies as appropriate, to determine compliance with law and State Board of Education rules relating to the classification, assignment, and verification of full-time equivalent student enrollment and student transportation reported under the Florida Education Finance Program.
(2) If it is determined that the approved criteria and procedures for the placement of students and the conduct of programs have not been followed by the district, appropriate adjustments in the full-time equivalent student count for that district must be made, and any excess funds must be deducted from subsequent allocations of state funds to that district. As provided for by rule, if errors in a specific program of a district recur in consecutive years due to lack of corrective action by the district, adjustments may be made based upon statistical estimates of error projected to the overall district program.
History.—s. 545, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part III - Audit Requirements and Procedures (Ss. 1010.30-1010.36) › 1010.33 - Financial and performance audits.

1010.33 Financial and performance audits.—Each district school board and Florida College System institution board of trustees, and university board of trustees is authorized to have an audit of their accounts and records by an independent certified public accountant retained by them and paid from their public funds. These audits are in addition to those required by ss. 11.45 and 218.39.
History.—s. 546, ch. 2002-387; s. 161, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part III - Audit Requirements and Procedures (Ss. 1010.30-1010.36) › 1010.34 - Audits of direct-support organizations.

1010.34 Audits of direct-support organizations.—Audits of school district, Florida College System institution, and state university direct-support organizations are subject to the audit provisions of ss. 1001.453(4), 1004.28(5), and 1004.70(6), as applicable.
History.—s. 547, ch. 2002-387; s. 162, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part III - Audit Requirements and Procedures (Ss. 1010.30-1010.36) › 1010.36 - Foreign travel; research institutions.

1010.36 Foreign travel; research institutions.—
(1) By January 1, 2022, each state university or entity listed in subpart A. or subpart B. of part II of chapter 1004 that receives state appropriations or state tax revenue and has a research budget of $10 million or more must establish an international travel approval and monitoring program. The program must require preapproval and screening by a research integrity office designated by the president or chief administrative officer of the state university or entity for any employment-related foreign travel and employment-related foreign activities engaged in by all faculty, researchers, and research department staff. Such requirement is in addition to any other travel approval process applicable to the state university or entity.
(2)(a) Preapproval by the research integrity office must be based on the applicant’s review and acknowledgment of guidance published by the employing state university or entity which relates to countries under sanctions or other restrictions of the state or the United States government, including any federal license requirement; customs rules; export controls; restrictions on taking state university or entity property, including intellectual property, abroad; restrictions on presentations, teaching, and interactions with foreign colleagues; and other subjects important to the research and academic integrity of the state university or entity.
(b) Preapproval must be based on the binding commitment of the individual traveler not to violate the state university’s or entity’s limitations on travel and activities abroad and to obey all applicable federal laws.
(3) The state university or entity must maintain records of all foreign travel requests and approvals; expenses reimbursed by the university or entity during such travel, including for travel, food, and lodging; and payments and honoraria received during such travel and activities, including for travel, food, and lodging. The state university or entity must also keep records of the purpose of the travel and any records related to the foreign activity review. Such records must be retained for at least 3 years or any longer period of time required by any other applicable state or federal law.
(4) The state university or entity must provide an annual report of foreign travel to countries of concern listing individual travelers, foreign locations visited, and foreign institutions visited to the Board of Governors or the governing board of the applicable entity.
(5) By July 1, 2025, the Inspector General of the Board of Governors, the inspector general of an entity described in subsection (1), or the Auditor General must perform an operational audit regarding the implementation of this section.
History.—s. 5, ch. 2021-76.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.40 - Proposals for issuing bonds.

1010.40 Proposals for issuing bonds.—Whenever the residents of a school district in this state shall desire the issuance of bonds by such school district for the purpose of acquiring, building, enlarging, furnishing, or otherwise improving buildings or school grounds, or for any other exclusive use of the public schools within such school district, they shall present to the district school board a petition signed by not less than 25 percent of the duly qualified electors residing within the school district, setting forth in general terms the amount of the bonds desired to be issued, the purpose thereof, and that the proceeds derived from the sale of such bonds shall be used for the purposes set forth in the petition. The requirement for such petition may be dispensed with and the proposition of issuing bonds for the purposes as herein outlined may be initiated by the district school board of the said district; however, nothing contained in this section shall repeal any of the provisions of ss. 100.201-100.221, 100.241, 100.261-100.341, and 100.351.
History.—s. 549, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.42 - Publication of resolution.

1010.42 Publication of resolution.—It shall be the duty of the district school board, when the resolution proposing a bond issue has been approved by the Department of Education or when such a proposal has been rejected by the Department of Education and a new petition signed by 35 percent of the qualified electors of the district has been presented, and when the resolution authorizing an election has been adopted as set forth above, to cause such resolution to be published at least once each week for 2 consecutive weeks in some newspaper published in the district. This resolution may also include a notice of election as prescribed in s. 1010.43.
History.—s. 551, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.43 - Notice of election; qualifications of electors.

1010.43 Notice of election; qualifications of electors.—The district school board shall also, at the meeting at which is passed the resolution provided for in s. 1010.41, order that an election shall be held in the school district to determine whether or not there shall be issued by the district the bonds provided for in such resolution, in which election only the duly qualified electors thereof shall vote; and prior to the time of holding such election, the district school board shall cause to be published at least once each week for 2 consecutive weeks in a newspaper published in the district a notice of the holding of such election, which shall specify the time and place or places of the holding thereof. The resolution prescribed in s. 1010.41 may be incorporated in and published as a part of the notice prescribed in this section.
History.—s. 552, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.44 - Conduct of election; form of ballot; appointment of inspectors; canvassing returns.

1010.44 Conduct of election; form of ballot; appointment of inspectors; canvassing returns.—The election, provided for in s. 1010.43, shall be held at the place or several places in the district where the last general election was held throughout the district, unless the district school board orders otherwise; and the district school board shall appoint inspectors for the election and cause to be prepared and furnished to the inspectors the ballots to be used at the election; the form of ballots for such election shall be: “For bonds” or “Against bonds.” The inspectors shall make returns to the district school board immediately after the election, and the school board shall hold a special meeting as soon thereafter as practicable for the purpose of canvassing the election returns and shall determine and certify its result.
History.—s. 553, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.45 - Result of election held.

1010.45 Result of election held.—If it appears by the result of the election that a majority of the votes cast shall be “For bonds,” the district school board shall issue the bonds authorized by the election for the purposes specified in the resolution as published, not to exceed the amount named therein. If the majority of the votes cast shall have been “Against bonds,” no bonds shall be issued.
History.—s. 554, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.46 - If election adverse, no second election within 6 months.

1010.46 If election adverse, no second election within 6 months.—If the result of the election is adverse to the issuance of the bonds, no election shall be held for such purpose within 6 months thereafter. In the event such election shall result or shall have resulted in an equal number of votes being cast for the issuance of the bonds as shall be cast adverse to issuance of bonds, the district school board may call and order another or second election within the district to have determined the question of whether the bonds specified in the original petition and resolution shall be issued by the district, after giving notice as provided for by s. 1010.43, and it shall not be necessary to have presented to the district school board further petitions to order the second election.
History.—s. 555, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.47 - Receiving bids and sale of bonds.

1010.47 Receiving bids and sale of bonds.—
(1) If the issuance of bonds is authorized at the election, or if any bonds outstanding against the district are being refunded, the district school board shall sell the bonds in the manner provided in s. 218.385.
(2) In the marketing of the bonds, the district school board shall be entitled to have such assistance as can be rendered by the Division of Bond Finance, the Commissioner of Education, or any other public state officer or agency. In determining the highest and best bidder for bonds offered for sale, the net interest cost to the school board as shown in standard bond tables shall govern, provided that the determination of the district school board as to the highest and best bidder shall be final.
History.—s. 556, ch. 2002-387; s. 45, ch. 2004-305.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.48 - Bidders to give security.

1010.48 Bidders to give security.—The district school board may require of all bidders for the bonds that they give security by bond or by a deposit to the district school board that the bidder shall comply with the terms of the bid, and any bidder whose bid is accepted shall be liable to the district school board for all damages on account of the nonperformance of the terms of such bid or to a forfeiture of the deposit required by the district school board.
History.—s. 557, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.49 - Form and denomination of bonds.

1010.49 Form and denomination of bonds.—The district school board may prescribe the denomination of the bonds to be issued, and such bonds may be issued with or without interest coupons in the discretion of the board. The form of the bonds to be issued may be prescribed by the State Board of Education on the recommendation of the Department of Legal Affairs. The schedule of maturities of the proposed bonds shall be so arranged that the total payments required each year shall be as nearly equal as practicable. The schedule shall provide that all bonds are to be retired within a period of 30 years from the date of issuance unless a longer period is required and has been specifically approved by the Department of Education. All bonds issued under this section shall be callable at the times and upon the terms prescribed by the district school board.
History.—s. 558, ch. 2002-387; s. 1, ch. 2012-52.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.50 - Investment of fiduciary funds in bonds; security for deposit of public funds.

1010.50 Investment of fiduciary funds in bonds; security for deposit of public funds.—School district bonds authorized and issued under the provisions of this chapter shall be lawful investments for fiduciary and trust funds, including all funds in the control of trustees, assignees, administrators, and executors, and may be accepted as security for all deposits of public funds.
History.—s. 559, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.51 - Records to be kept and reports to be made.

1010.51 Records to be kept and reports to be made.—The district school board shall maintain a complete record of all bonds issued under the provisions of this chapter, which record shall show upon what authority the bonds are issued, the amount for which issued, the persons to whom issued, the date of issuance, the purpose or purposes for which issued, the rate of interest to be paid, and the time and place of payment of each installment of principal and interest. This record shall be so arranged as to show the amount of principal and interest to be paid each year and shall also show the annual or semiannual payments which are made and the bonds which are canceled. In addition, the district school superintendent shall file with the Department of Education in accordance with rules of the State Board of Education reports giving such information as may be required regarding any bonds which may be issued as provided herein.
History.—s. 560, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.52 - Bonds may be validated; validity of bonds.

1010.52 Bonds may be validated; validity of bonds.—When an issue of bonds for any school district shall be authorized in the manner provided under the terms of this chapter, such bonds shall, in the discretion of the district school board, be subject to validation in the manner provided for in chapter 75. In lieu of validation as set forth in that chapter, the district school board may, in its discretion, submit to the Department of Legal Affairs all information relating to the issuance of bonds as provided in said chapter 75, and an approving opinion of the Department of Legal Affairs shall be sufficient evidence that the bonds are valid. Bonds reciting that they are issued pursuant to the terms of this chapter shall, in any action or proceeding involving their validity, be conclusively deemed to be fully authorized thereby, to have been issued, sold, executed, and delivered in conformity therewith, and with all other provisions of law applicable thereto, and shall be incontestable, anything herein or in other statutes to the contrary notwithstanding, unless such action or proceeding is begun before or within 30 days after the date upon which the bonds are sold, paid for, and delivered.
History.—s. 561, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.53 - Proceeds; how expended.

1010.53 Proceeds; how expended.—The proceeds derived from the sale of the bonds shall be held by the district school board and shall be expended by the board for the purpose for which the bonds were authorized for the school district, and shall be held and expended in the manner following:
(1) The district school board shall deposit, or cause to be deposited, the proceeds arising from the sale of each issue of bonds in a separate bond construction fund account in the school depository.
(2) All or any part of the fund derived from the proceeds of any such bond issue that in the judgment of the district school board is not immediately needed may be placed in the following securities maturing not later than the time when the funds are reasonably expected to be needed:
(a) In investments listed in s. 218.415(16).
(b) In any bonds issued by the district; provided, such bonds are not in default and can be obtained at a price which will result in a net saving to the taxpayers of the district.
(c) In any obligations of the district school board approved in accordance with the provisions of ss. 1011.13, 1011.14, and 1011.15.
(d) In any bonds issued by the State Board of Education or another school district.
History.—s. 562, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.54 - Disposition of surplus of bond issue.

1010.54 Disposition of surplus of bond issue.—Should there remain any of the proceeds of the sale of school district bonds after the purpose and object for which the bonds were issued shall have been carried out and performed by the district school board, the surplus then shall be held by the district school board and expended for the exclusive use of the public schools within the school district as the district school board may deem reasonable and proper.
History.—s. 563, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.55 - Additional bond issues.

1010.55 Additional bond issues.—After the issuance by any school district of bonds in the manner authorized in this chapter, the qualified electors of the school district may thereafter, from time to time, in the manner herein provided for, authorize one or more additional bond issues as they may determine upon.
History.—s. 564, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.58 - Procedure for determining number of instruction units for Florida College System institutions.

1010.58 Procedure for determining number of instruction units for Florida College System institutions.—The number of instruction units for Florida College System institutions shall be determined from the full-time equivalent students in the Florida College System institution, provided that full-time equivalent students may not be counted more than once in determining instruction units. Instruction units for Florida College System institutions shall be computed as follows:
(1) One unit for each 12 full-time equivalent students at a Florida College System institution for the first 420 students and one unit for each 15 full-time equivalent students for all over 420 students, in other than career education programs as defined by rules of the State Board of Education, and one unit for each 10 full-time equivalent students in career education programs and compensatory education programs as defined by rules of the State Board of Education. Full-time equivalent students enrolled in a Florida College System institution shall be defined by rules of the State Board of Education.
(2) For each 8 instruction units in a Florida College System institution, 1 instruction unit or proportionate fraction of a unit shall be allowed for administrative and special instructional services, and for each 20 instruction units, 1 instruction unit or proportionate fraction of a unit shall be allowed for student personnel services.
History.—s. 567, ch. 2002-387; s. 128, ch. 2004-357; s. 163, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62) › 1010.59 - Interest rates.

1010.59 Interest rates.—All bonds issued by the State Board of Education pursuant to the provisions of s. 9(a), Art. XII of the State Constitution, as amended, may bear interest at such rate or rates as may be determined by the State Board of Education. However, the maximum rate of interest shall not exceed the rates authorized under the provisions of s. 215.84.
History.—s. 568, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.70 - Educational Enhancement Trust Fund.

1010.70 Educational Enhancement Trust Fund.—Each fiscal year, variable percentages of the gross revenue from the sale of online and instant lottery tickets as determined by the department, and other earned revenue, excluding application processing fees, shall be deposited in the Educational Enhancement Trust Fund as provided in s. 24.121.
History.—s. 581, ch. 2002-387; s. 2, ch. 2003-406; s. 3, ch. 2005-84.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.71 - State School Trust Fund.

1010.71 State School Trust Fund.—
(1) The State School Trust Fund shall be derived from the following sources:
(a) The proceeds of all lands that have been or may hereafter be granted to the state by the United States for public school purposes;
(b) Donations to the state when the purpose is not specified;
(c) Appropriations by the state;
(d) The proceeds of escheated property or forfeitures; and
(e) Twenty-five percent of the sales of public lands which are now or may hereafter be owned by the state.
(2) The land comprising part of the State School Trust Fund shall not be subject to taxes of any kind whatsoever, but shall enjoy constitutional immunity therefrom, nor shall taxes of any kind be imposed thereon; nor, since not subject to tax, shall the state or any state agency be liable for taxes or the equivalent thereof sought to be imposed upon said land. All outstanding tax sale certificates against land of the State School Trust Fund are hereby canceled.
History.—s. 582, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.73 - State Student Financial Assistance Trust Fund.

1010.73 State Student Financial Assistance Trust Fund.—
(1) The State Student Financial Assistance Trust Fund is hereby created, to be administered by the Department of Education. Funds shall be credited to the trust fund as provided in the General Appropriations Act or similar legislation, to be used for the purposes set forth therein.
(2) The department may transfer into this trust fund general revenue, private donations for the purpose of matching state funds, and federal receipts for scholarships and grant programs. An individual account code shall be established for each funded scholarship and grant program for accountability purposes.
(3) Notwithstanding the provisions of s. 216.301, and pursuant to s. 216.351, any balance in the trust fund at the end of any fiscal year shall remain in the trust fund and shall be available for carrying out the purposes of the trust fund.
History.—s. 584, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.731 - Student Loan Guaranty Reserve Trust Fund.

1010.731 Student Loan Guaranty Reserve Trust Fund.—Chapter 99-35, Laws of Florida, re-created the Student Loan Guaranty Reserve Trust Fund to be used by the Department of Education for the administration of the guaranteed student loan program as provided in s. 1009.92.
History.—s. 585, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.74 - Educational Certification and Services Trust Fund.

1010.74 Educational Certification and Services Trust Fund.—The proceeds from the collection of certification fees, fines, penalties, and costs levied pursuant to s. 1012.59 shall be remitted by the Department of Education to the Chief Financial Officer for deposit into and disbursed from the “Educational Certification and Services Trust Fund” as re-created by chapter 99-31, Laws of Florida.
History.—s. 586, ch. 2002-387; s. 1967, ch. 2003-261.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.75 - Teacher Certification Examination Trust Fund.

1010.75 Teacher Certification Examination Trust Fund.—The proceeds for the certification examination fee levied pursuant to s. 1012.59 shall be remitted by the Department of Education to the Chief Financial Officer for deposit into and disbursed from the “Teacher Certification Examination Trust Fund” as re-created by chapter 99-28, Laws of Florida.
History.—s. 587, ch. 2002-387; s. 1968, ch. 2003-261; s. 64, ch. 2004-41.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.80 - Educational Media and Technology Trust Fund.

1010.80 Educational Media and Technology Trust Fund.—Chapter 99-25, Laws of Florida, re-created the Educational Media and Technology Trust Fund to record revenue and disbursements by the Department of Education for the cost of producing and disseminating educational materials and products as authorized in s. 1006.39.
History.—s. 592, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.81 - Education Working Capital Trust Fund.

1010.81 Education Working Capital Trust Fund.—The Education Working Capital Trust Fund shall be administered by the Department of Education as a depository for funds received by the department’s technology office, interest earnings, and cash advances from customer entities. Moneys deposited in the trust fund shall be used to fund the services provided by the department’s technology office.
History.—s. 593, ch. 2002-387; s. 17, ch. 2013-45.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.82 - Textbook Bid Trust Fund.

1010.82 Textbook Bid Trust Fund.—Chapter 99-36, Laws of Florida, re-created the Textbook Bid Trust Fund to record the revenue and disbursements of textbook bid performance deposits submitted to the Department of Education as required in s. 1006.33.
History.—s. 594, ch. 2002-387; s. 97, ch. 2012-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.83 - Institutional Assessment Trust Fund.

1010.83 Institutional Assessment Trust Fund.—
(1) Chapter 99-32, Laws of Florida, re-created the Institutional Assessment Trust Fund to be administered by the Department of Education pursuant to this section and rules of the State Board of Education. The trust fund shall consist of:
(a) All fees and fines imposed upon nonpublic colleges and schools pursuant to chapter 1005 and this chapter, including all fees collected from nonpublic colleges and schools for participation in the Student Protection Fund pursuant to s. 1005.37.
(b) All fees imposed upon nonpublic colleges and schools for participation in the statewide course numbering system pursuant to s. 1007.24.
(c) All fees collected from institutions for participation in a reciprocity agreement pursuant to s. 1000.35.
The department shall maintain separate accounts for the operation of the Commission for Independent Education, the Student Protection Fund, a reciprocity agreement pursuant to s. 1000.35, and the Department of Education.
(2) Funds from the trust fund shall be used for purposes including, but not limited to, the following:
(a) Authorized expenses of the Commission for Independent Education in carrying out its required duties.
(b) Authorized expenses from the Department of Education account incurred as a result of the inclusion of nonpublic colleges in the statewide course numbering system.
(c) Expenses authorized by the Commission for Independent Education from the Student Protection Fund account to complete the training of students enrolled in an institution that terminates a program or ceases operation while the student is enrolled or to facilitate the retrieval or safekeeping of records from a closed institution.
(d) Expenses authorized by the Department of Education related to a reciprocity agreement.
(3) The Commission for Independent Education may utilize other individuals or entities to administer the programs authorized in subsection (2).
History.—s. 595, ch. 2002-387; s. 5, ch. 2005-202; s. 4, ch. 2017-87.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.85 - Phosphate Research Trust Fund.

1010.85 Phosphate Research Trust Fund.—Chapter 99-45, Laws of Florida, re-created the Phosphate Research Trust Fund to record the revenue and disbursements from tax on severance of phosphate rock as provided in s. 211.3103.
History.—s. 597, ch. 2002-387.