reglab/statecodes huggingface dataset:
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-11 - PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-11.009 - Reemployment with an FRS-Participating Employer after Retirement

Current through Reg. 50, No. 138; July 16, 2024
(1) Reemployment.
(a) If reemployed prior to July 1, 2010, a
				member may return to work with an FRS employer after being retired for six (6)
				calendar months. Six calendar months means six full calendar months following
				the month the member retired. For example, if a member retires in January, the
				six calendar months are February, March, April, May, June and July. The retiree
				may return to employment in August. The retiree may return to employment in one
				of the excepted positions identified in Section
				 121.091(9)(b),
				F.S., and continue to take distributions from prior career benefits. If the
				retiree returns to work in a position that is not one of the exceptions allowed
				by law, the receipt of any remaining retirement benefits is suspended until
				either employment is terminated or the completion of 12 calendar months of
				retirement.
(b) If reemployed on or
				after July 1, 2010, a member may return to work in any position with an FRS
				employer after being retired for six (6) calendar months. Six calendar months
				means six full calendar months following the month the member retired. For
				example, if a member retires in January, the six full calendar months are
				February, March, April, May, June, and July. The retiree may return to
				employment in August. The member must suspend receipt of any remaining
				retirement benefits until either employment is terminated or the completion of
				12 calendar months of retirement. However, a retired law enforcement officer
				may be reemployed as a school resource officer by an FRS employer and receive
				both a salary and retirement benefits once six calendar months have elapsed
				immediately after the officer's date of retirement. Also, a member who
				volunteers in an FRS employer-provided volunteer program during the first 12
				calendar months can continue to receive retirement benefits.
(c) To prevent hiring an ineligible retiree,
				the employer should obtain a written statement from each prospective employee
				as to the employee's retirement status. The written statement can be set forth
				on the "Certification Form," Form CERT, rev. 07-23
http://www.flrules.org/Gateway/reference.asp?No=Ref-16168
,
				which is hereby adopted and incorporated by reference. The form can be found on
				the MyFRS.com website. This form should be retained in the employee's personnel
				file.
(d) A retiree who returns to
				work with an FRS employer prior to being retired for six (6) calendar months
				and an employer that employs or appoints such retiree are jointly and severally
				liable for repaying retirement benefits paid from the Investment Plan. In lieu
				of repayment, the member may terminate all employment from all FRS
				employers.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-11 - PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-11.010 - FRS Investment Plan: Privacy

Current through Reg. 50, No. 138; July 16, 2024
(1)
				Investment Plan members and beneficiaries are required to submit certain
				personal identifying information, including their federally-issued social
				security number. Each of the vendors under contract with the State Board of
				Administration (SBA) is contractually obligated to protect this information to
				the fullest extent permissible by law.
(2) A member of the Investment Plan may
				authorize a particular person such as the member's spouse or financial advisor,
				to receive personal identifying information by giving the person a power of
				attorney or by submitting by electronic means or in paper form a signed and
				notarized consent clearly identifying the person to whom the information may be
				given as well as specifying exactly what information may be
				disclosed.
(3) Upon the death of an
				Investment Plan member who had submitted a beneficiary designation form, the
				named beneficiary(ies) must provide certain personal identifying information to
				the SBA before any information regarding the member will be released. The types
				of information are letters of administration issued by the relevant probate
				court; certified copies of the death certificate; copies of marriage
				certificates; the member's social security number; and any other requested
				information that can be verified with a governmental
				agency.
Rulemaking Authority
					 121.4501(8) FS.
					 Law Implemented 119.071,
					 121.4501(19)
					 FS.
New 11-26-07, Amended 7-12-12,
					 4-12-17.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-11 - PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-11.011 - Employer and Employee Contributions and ABO or Present Value Transfer Procedures

Current through Reg. 50, No. 138; July 16, 2024
(1) Employer and
				Employee contributions.
(a) All state, school
				district, and local employers (employers) who participate in the Florida
				Retirement System (FRS) and each employee are responsible for making the
				contributions required by Chapter 121, F.S.
(b) Employers shall submit, to the Division
				of Retirement (Division), a monthly retirement report and accompanying employer
				and employee contributions by the fifth (5th) business day following the month
				in which the salary was paid. For example, if the salary is paid in March, the
				monthly retirement report and contributions are due to the Division by the 5th
				business day of April.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-11 - PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-11.012 - Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan

Current through Reg. 50, No. 138; July 16, 2024
(1) An Investment Plan member may rollover
				assets from other qualified plans into the Investment Plan. These qualified
				assets can come from:
(a) A qualified
				Traditional IRA at another custodian;
(b) An eligible retirement plan (Code s. 401
				defined contribution plan, Code s. 401 defined benefit plan, Code s. 457 plan,
				or Code s. 403(b) plan), or
(c) The
				Federal Employee's Thrift Savings Plan.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-11 - PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-11.013 - FRS Investment Plan Self-Directed Brokerage Account

Current through Reg. 50, No. 138; July 16, 2024
(1) An Investment Plan member meeting certain
				criteria may transfer assets from the member's Investment Plan primary
				investment account to a self-directed brokerage account ("SDBA") in order to be
				able to access additional investment opportunities beyond the primary
				investment funds offered under the Investment Plan.
(a) In order to participate in the SDBA the
				member must:
1. Maintain a minimum balance of
				$5, 000 in the Investment Plan's primary investment funds. This minimum amount
				may be changed at any time.
2. Make
				initial and subsequent transfers into the SDBA of at least $1, 000. Transfer
				requests must be in whole dollars. Percentages are not permitted. This minimum
				amount is subject to change.
3. Pay
				all trading fees, commissions, administrative fees, and any other expenses
				associated with participating in the SDBA.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.001 - Definitions (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(5)(c),
					 (13)(a) FS. Law Implemented
					 121.4501(1), (7)(a),
					 (13)
					 FS.
New 11-20-01, Amended 12-8-02, Repealed
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.002 - Purpose (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(13)(a)
					 FS. Law Implemented 121.4501(1), (7)(a),
					 (13)
					 FS.
New 11-20-01, Repealed
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.003 - Limitation on Contributions (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(13)(a)
					 FS. Law Implemented 121.4501(13)
					 FS.
New 11-20-01, Repealed
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.004 - Annual Additions in Excess of Limitation (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(13)(a)
					 FS. Law Implemented 121.4501(13)
					 FS.
New 11-20-01, Repealed
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.005 - The Exclusive Benefit Rule of the Code and Forfeitures (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(13)(a)
					 FS. Law Implemented 121.4501(13)
					 FS.
New 11-20-01, Amended 3-9-06, Repealed
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.006 - Distribution of Benefits (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(13)(a)
					 FS. Law Implemented 121.4501(1), (7)(a),
					 (13),
					 121.591
					 FS.
New 11-20-01, Amended 12-8-02, Repealed
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-12 - COMPLIANCE OF PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-12.007 - Acceptance of Rollovers (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 121.4501(5)(c)
					 FS. Law Implemented 121.4501(5)(c),
					 (21)
					 FS.
New 12-8-02, Amended 10-21-04, 3-9-06, 10-25-07, 5-19-09,
					 Repealed 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-13 - ROLES AND RESPONSIBILITIES FOR THE PUBLIC MPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-13.002 - Roles and Responsibilities of Division of Retirement within the Department of Management Services

Current through Reg. 50, No. 138; July 16, 2024
(1) The Division of
				Retirement (Division) within the Department of Management Services provides the
				following administrative services, in accordance with Section 121.4501(8)(a)1.,
				F.S.:
(a) Determine membership eligibility and
				employer participation eligibility;
(b) Collect and process employer and employee
				retirement contributions and retirement-related data, including monitoring
				salary limits imposed by the Internal Revenue Service;
(c) Forward employer and employee retirement
				contributions and retirement-related data to the Investment Plan Administrator,
				including date of termination and leave of absence indicators, if
				available;
(d) Calculate members'
				Pension Plan benefits, calculate the accumulated benefit obligation and
				calculate any buy-back amount for those members who elected the Investment Plan
				but subsequently elect to return to the Pension Plan;
(e) Maintain and provide access to the
				Florida Retirement System database;
(f) Provide telephone support regarding
				employee or employer questions on the Pension Plan and contribution processing,
				but transfer general retirement plan choice, enrollment and financial planning
				telephone calls to other education and administration providers;
(g) Administer the disability and in line of
				duty death benefits for the FRS;
(h) Administer the health insurance subsidy
				for the FRS;
(i) Determine employee
				vesting requirements in the FRS, as required by law; and,
(j) Notify the State Board of Administration
				(SBA) of any employees who may be subject to forfeiture of benefits, in
				accordance with Sections
				 112.3173 and
				 121.091(5),
				F.S.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-13 - ROLES AND RESPONSIBILITIES FOR THE PUBLIC MPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-13.003 - Role and Responsibilities of State, School District, and Local Employers Participating in the Florida Retirement System

Current through Reg. 50, No. 138; July 16, 2024
All state, school district, and local employers (employers)
				  who participate in the Florida Retirement System (FRS) have the following
				  duties and responsibilities:
Remitting all the employer and employee contributions
				  required by Parts II and III of Chapter 121, F.S. These include the
				  contributions for the benefit of members in the Investment Plan, in accordance
				  with Section 121.4501(5) and with Part III of Chapter 121, F.S., and also
				  include the contributions for administrative and educational expenses,
				  disability benefits, survivor benefits, the health insurance subsidy, and
				  social security. Under no circumstances shall employers be deemed to be agents
				  of the SBA, the FRS, or both.
Rulemaking Authority
					 121.4501(8) FS.
					 Law Implemented 121.4501(5),
					 (10)(h),
					 121.71,
					 121.72,
					 121.73,
					 121.74,
					 121.76,
					 121.77,
					 121.78
					 FS.
New 10-21-04, Amended 7-12-12, 12-16-12,
					 1-18-17.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-13 - ROLES AND RESPONSIBILITIES FOR THE PUBLIC MPLOYEE OPTIONAL RETIREMENT PROGRAM › Section 19-13.004 - Role and Responsibilities of Third Party Vendors

Current through Reg. 50, No. 138; July 16, 2024
(1) The Investment Plan Administrator
				(Administrator) provides administrative services in the operation of the
				Florida Retirement System (FRS) Investment Plan other than those provided by
				the Division of Retirement within the Department of Management Services
				(Division) as set forth in Rule
				 19-13.002, F.A.C. The
				Administrator also provides enrollment processing for the FRS. Other
				administrative services are provided by the Division. Those services are
				described in Rule  19-13.002, F.A.C. The
				Administrator's primary duties and responsibilities are to:
(a) Maintain the Investment Plan
				database;
(b) Process new
				enrollments into the Pension Plan or Investment Plan and to process existing
				enrollments of the employees' 2nd Election into either FRS plan, pursuant to
				Section  121.4501(4),
				F.S.;
(c) Transmit election
				information to the Division;
(d)
				Maintain a database of Investment Plan beneficiary designations;
(e) Transfer Investment Plan employer and
				employee contributions to the investment product providers, after contributions
				have been received from the Division;
(f) Provide aggregate accumulated benefit
				obligation data segregated by investment product provider to the State Board of
				Administration (SBA);
(g) Maintain
				Investment Plan member account data and such data as is sufficient to process
				2nd Elections by existing members;
(h) Implement account transfers at the
				request of members;
(i) Implement
				withdrawals from account by electronic means;
(j) Implement distribution of Investment Plan
				benefits to Investment Plan members or beneficiaries;
(k) Provide quarterly or annual statements to
				Investment Plan members;
(l)
				Distribute written material;
(m)
				Provide phone response service on a toll-free line to assist members and
				employers to accomplish any required responsibility;
(n) Provide recordkeeping for all Investment
				Plan data within its responsibilities, including monitoring of monetary limits
				imposed by the federal Internal Revenue Code; and,
(o) Administer Qualified Domestic Relations
				Orders (QDROs).
(p) Provide a
				Self-Directed Brokerage Account ("SDBA") to eligible Investment Plan
				members.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-14 - NON-FLORIDA RETIREMENT SYSTEM DEFINED CONTRIBUTION PROGRAMS › Section 19-14.001 - Policy Statement

Current through Reg. 50, No. 138; July 16, 2024
The "Policy Statement on Support of Certain Non-FRS Defined
				  Contribution Programs, " as approved by the Trustees of the State Board of
				  Administration on May 11, 2004,
http://www.flrules.org/Gateway/reference.asp?No=Ref-01219
,
				  is hereby adopted and incorporated by reference. The Policy Statement on
				  Support of Certain Non-FRS Defined Contribution Programs may be obtained by
				  contacting: State Board of Administration, 1801 Hermitage Blvd., Suite 100,
				  Tallahassee, Florida 32308; Attn.: Office of Defined Contribution
				  Programs.
Rulemaking Authority
					 121.4501(8),
					 215.52 FS. Law Implemented
					 112.215(4), 121.055(6)(f)2.,
					  121.35(6)(c),
					  215.515 FS.
New 10-21-04, Amended
					 7-12-12.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19 - Departmental › Chapter 19-15 - INSURANCE CAPITAL BUILD-UP INCENTIVE PROGRAM PURSUANT TO SECTION 215.5595 FS › Section 19-15.001 - Insurance Capital Build-Up Incentive Program (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 215.5595 FS. Law Implemented
					 215.5595(2), (2)(c), (d), (e),
					 (g)
					 FS.
New 2-22-07, Amended 6-3-07, 8-13-07, 11-25-07, Repealed
					 10-2-11.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.001 - Purpose

Current through Reg. 50, No. 138; July 16, 2024
To implement Sections
				   218.37 and
				   218.38, F.S., as amended in
				  1982.
Rulemaking Authority
					 218.37(2) FS.
					 Law Implemented 218.37,
					 218.38
					 FS.
New 8-10-80, Amended 3-3-83, Formerly 13K-1.01,
					 13K-1.001.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.002 - Definitions

Current through Reg. 50, No. 138; July 16, 2024
As used in this chapter:
(1) "Division" shall mean the Division of
				Bond Finance of the State Board of Administration.
(2) "Fee, Bonus, or Gratuity" shall mean any
				Finder's Fee, as defined herein, and any fees paid by the underwriter in
				connection with the issuance of General Obligation or Revenue Bonds, which
				include, but are not limited to, fees paid to underwriter's counsel,
				accountants, and engineers, but not routine expenses incurred in connection
				with underwriting a new issue of General Obligation or Revenue Bonds.
(3) "Finder's Fee" shall mean any
				compensation or valuable consideration paid to a "finder, " as defined in
				Section  218.386(1)(a),
				F.S., by an underwriter, commercial bank, investment banker, or financial
				consultant or advisor in connection with the sale of General Obligation or
				Revenue Bonds.
(4) "General
				Obligation or Revenue Bonds" shall mean debt obligations issued by Units of
				Local Government which mature in more than one (1) year, including general
				obligation bonds, revenue bonds, special assessment bonds, limited revenue
				bonds, special obligation bonds, debentures, and other similar instruments, but
				not bond anticipation notes.
(5)
				"Managing Underwriter" shall mean:
(a) That
				underwriter responsible for directing the affairs of the syndicate in
				connection with the original purchase of General Obligation or Revenue Bonds
				for resale; or
(b) The sole
				purchaser of General Obligation or Revenue Bonds for
				resale.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.003 - Reporting Requirements - Outstanding General Obligation or Revenue Bonds

Current through Reg. 50, No. 138; July 16, 2024
(1) Each Unit of Local Government shall
				furnish the Division with a report containing a complete description of each
				outstanding issue of General Obligation or Revenue Bonds. The report shall
				follow the format and provide the following information as prescribed in Form
				BF 2003, "Bond Information Form, " effective 3-3-83, available from the
				Division, 312 Knight Building, 2737 Centerview Drive, Tallahassee, Florida
				32399-0950:
(a) The name, type, mailing
				address and county of the Unit of Local Government;
(b) The name of the bond issue;
(c) The amount of bonds authorized;
(d) The amount of bonds issued;
(e) The dated date, sale date and delivery
				date of the bond issue;
(f) The
				legal authority for issuance;
(g)
				The type and purpose of the issue;
(h) The name, dated date and original par
				value of prior bond issues refunded by the bonds about which information is
				being provided;
(i) The specific
				revenues pledged for payment of debt service on the bonds;
(j) The type of sale;
(k) The basis of interest rate calculation
				and rate;
(l) Insurance;
(m) Bond ratings;
(n) The financial advisor to the Unit of
				Local Government in connection with the bond issue;
(o) Bond counsel;
(p) The Managing Underwriter for the bond
				issue;
(q) Paying agent;
(r) Registrar;
(s) Maturity schedule;
(t) Optional redemption provisions;
(u) The name, title and telephone number of
				the person completing the Bond Information Form; and
(v) The date the Bond Information Form is
				completed.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.0041 - Notice of Sale

Current through Reg. 50, No. 138; July 16, 2024
Each Unit of Local Government shall provide the Division with
				  advance written notice of the impending sale of any new issue of General
				  Obligation or Revenue Bonds prior to the date of sale. Said notice shall
				  identify the issue, including the name of the issuer, name of issue, the
				  estimated amount of the issue and the expected date of sale. If the Unit of
				  Local Government publishes a Notice of Sale with respect to such new issue,
				  said Notice shall be forwarded to the Division prior to the date of sale, and
				  shall be deemed to be sufficient compliance with the advance written notice
				  required hereby.
Rulemaking Authority
					 218.37(2) FS.
					 Law Implemented 218.38(1)(a)
					 FS.
New 3-3-83, Formerly 13K-1.041,
					 13K-1.0041.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.0051 - Disclosure - Competitive Sale

Current through Reg. 50, No. 138; July 16, 2024
(1) Within
				one hundred twenty (120) days after the delivery of any General Obligation or
				Revenue Bonds which were sold at public sale by competitive bids, each Unit of
				Local Government, except those issuing bonds enumerated in subsection (4)
				below, shall file the following information with the Division on Form BF
				2004-A, "Bond Disclosure Form - Competitive Sale, " effective 3-3-83, available
				from the Division, 312 Knight Building, 2737 Centerview Drive, Tallahassee,
				Florida 32399-0950:
(a) The title and mailing
				address of the Unit of Local Government;
(b) The name of the bond issue;
(c) The amount of General Obligation or
				Revenue Bonds issued;
(d) The dated
				date and delivery date of the bond issue;
(e) The name and address of the Managing
				Underwriter connected with the bond issue;
(f) The name and address of any attorney or
				financial consultant who advised the Unit of Local Government with respect to
				the bond issue;
(g) Any Fee, Bonus,
				or Gratuity paid in connection with the bond issue by any underwriter or
				financial consultant to any person not regularly employed or engaged by such
				underwriter or consultant;
(h) Any
				other fee paid by the Unit of Local Government with respect to the bond issue,
				including any fee paid to attorneys or financial consultants;
(i) The name and telephone number of the
				person who the Division should contact for further information regarding the
				matters disclosed on the Bond Disclosure Form.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.006 - Disclosure - Negotiated Sale

Current through Reg. 50, No. 138; July 16, 2024
(1) Within one
				hundred twenty (120) days after the delivery of any General Obligation or
				Revenue Bonds which were sold by negotiated bond sale authorized by Section
				 218.385, F.S., each Unit of
				Local Government, except those issuing bonds enumerated in subsection (4)
				below, shall file the following information with the Division on Form BF
				2004-B, "Bond Disclosure Form - Negotiated Sale, " effective 3-3-83, available
				from the Division, 312 Knight Building, 2737 Centerview Drive, Tallahassee,
				Florida 32399-0950:
(a) The title and mailing
				address of the Unit of Local Government;
(b) The name of the bond issue;
(c) The amount of General Obligation or
				Revenue Bonds issued;
(d) The dated
				date and delivery date of the bond issue;
(e) The name and address of the Managing
				Underwriter connected with the bond issue;
(f) The name and address of any attorney or
				financial consultant who advised the Unit of Local Government with respect to
				the bond issue;
(g) Any management
				fee charged by the Managing Underwriter;
(h) The underwriting spread which the
				Managing Underwriter expects to realize;
(i) Any Fee, Bonus, or Gratuity paid in
				connection with the bond issue, by any underwriter or financial consultant to
				any person not regularly employed or engaged by such underwriter or
				consultant;
(j) Any other fee paid
				by the Unit of Local Government with respect to the bond issue, including any
				fee paid to attorneys or financial consultants;
(k) The name and telephone number of the
				person whom the Division should contact for further information regarding the
				matters disclosed on the Bond Disclosure Form.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.007 - Verification Procedures

Current through Reg. 50, No. 138; July 16, 2024
(1) Periodically
				the Division shall request each Unit of Local Government to verify the
				information held by the Division. The verification shall follow the format and
				provide the following information as prescribed in Form BF 2005, "Bond
				Information Verification Form, " effective 3-3-83, available from the Division,
				312 Knight Building, 2737 Centerview Drive, Tallahassee, Florida 32399-0950:
(a) The name, mailing address and county of
				the Unit of Local Government;
(b)
				Verification of and/or changes in information held by the Division relating to
				the General Obligation or Revenue Bonds of the Unit of Local
				Government;
(c) Comments;
(d) The name, title and phone number of the
				person completing the Bond Information Verification Form; and
(e) The date the Bond Information
				Verification Form is submitted.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-1 - LOCAL MUNICIPAL BOND REPORTING PROCEDURES › Section 19A-1.008 - Failure to Comply

Current through Reg. 50, No. 138; July 16, 2024
If a Unit of Local Government fails to provide the
				  information required pursuant to Rules
				   19A-1.003 through
				   19A-1.006, F.A.C., or to verify
				  such information pursuant to Rule
				   19A-1.007, F.A.C., the Division
				  shall take such necessary and appropriate actions, as provided in Section
				   218.38(3)(a) and
				  (b), F.S.
Rulemaking Authority
					 218.37(2) FS.
					 Law Implemented 218.38(3)
					 FS.
New 8-10-80, Formerly 13K-1.05, Amended 3-3-83, Formerly
					 13K-1.08, 13K-1.008.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-3 - SALE AND AWARD OF BONDS AND HOUSING BONDS › Section 19A-3.001 - Purpose

Current through Reg. 50, No. 138; July 16, 2024
To establish general operating policies and procedures for
				  the selling and the awarding of Bonds and Housing Bonds. For the purpose of the
				  negotiated sale of Bonds, operating policies and procedures are established to
				  determine when to sell by negotiated sale, and to establish certain methods of
				  performance to be followed when negotiating the sale of
				  Bonds.
Rulemaking Authority
					 215.62(5) FS.
					 Law Implemented 215.68(5),
					 420.509
					 FS.
New 3-27-84, Formerly 13K-3.01, Amended 10-8-90, Formerly
					 13K-3.001.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-3 - SALE AND AWARD OF BONDS AND HOUSING BONDS › Section 19A-3.004 - Sale and Award of Housing Bonds (Repealed)

Current through Reg. 50, No. 138; July 16, 2024
Rulemaking Authority
					 215.62(5) FS.
					 Law Implemented 215.68(5)(b),
					 (c),
					 420.509(5), (7)
					 FS., Chapter 83-238, Laws of Florida.
New 3-27-84, Formerly 13K-13.04, 13K-3.004, Repealed
					 12-7-15.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.001 - Purpose

Current through Reg. 50, No. 138; July 16, 2024
To establish general operating policies and procedures for
				  the confirmation of Private Activity Bond Limit allocations.
Rulemaking Authority
					 159.815 FS. Law Implemented Part
					 VI, Chapter 159 FS.
New 1-1-86, Formerly
					 13K-4.001.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.002 - Definitions

Current through Reg. 50, No. 138; July 16, 2024
As used in this Chapter:
(1) "Agency" means any entity in this state
				authorized by state law to issue Private Activity Bonds.
(2) "Approving Authority" means the Unit of
				Government which approves the issuance of proposed bonds pursuant to section
				147(f) of the Code.
(3)
				"Carryforward Project" means any project described in section 146(f)(5) of
				Code.
(4) "Code" means the Internal
				Revenue Code of 1986, as amended, and the regulations and rulings issued
				thereunder.
(5) "Confirmation"
				means the tentative allocation of a portion of the state's Private Activity
				Bond Limit by the Division in Part II of the Notice.
(6) "Director" means the Director of the
				Division of Bond Finance of the State Board of Administration.
(7) "Division" means the Division of Bond
				Finance of the State Board of Administration.
(8) "Division Serial No." means the number
				assigned to each Notice, when and as received, by the Division.
(9) "Final Confirmation of Allocation" means
				that notification sent to the applicant by the Division on Form BF 2007 after
				receipt by the Division of timely notification of issuance of bonds, the
				issuance of which form is necessary for a Confirmation to be considered
				final.
(10) "Notice" means Form BF
				2006, entitled "Notice of Intent to Issue Bonds and Request for Written
				Confirmation", by which an applicant requests an allocation of the state's
				Private Activity Bond Limit from the Division.
(11) "Priority Project" means a solid waste
				disposal facility or a sewage facility, as such terms are defined in section
				142 of the Code, or any project which is to be located in an area which is an
				enterprise zone approved pursuant to Section
				 290.0065, F.S.
(12) "Private Activity Bond" means any bond
				which requires an allocation pursuant to section 146 of the Code.
(13) "Private Activity Bond Limit" means the
				maximum amount of Private Activity Bonds allowed to be issued during each
				calendar year which limitation is imposed by section 146(d) of the
				Code.
(14) "State Allocation Pool"
				means that portion of the state's Private Activity Bond Limit determined
				pursuant to Section  159.804(4),
				F.S.
(15) "Supplementary Notice"
				means a Notice submitted subsequent to an original Notice pursuant to Section
				 159.805(7),
				F.S.
(16) "Unit of Government"
				means a "general purpose governmental unit" as that term is defined in
				regulations promulgated under the Code.
Rulemaking Authority
					 159.815 FS. Law Implemented Part
					 VI, Chapter 159 FS.
New 1-1-86, Amended 1-7-88, Formerly
					 13K-4.002.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.005 - Notice of Intent to Issue Bonds and Request for Written Confirmation

Current through Reg. 50, No. 138; July 16, 2024
(1) Two originally executed copies of Form BF
				2006 shall be filed with the Division to obtain Confirmation of an allocation
				of the Private Activity Bond Limit imposed on the state. This form shall be
				entitled "Notice of Intent to Issue Bonds and Request for Written
				Confirmation." In addition to a certification that elected official or voter
				approval required by section 147(f) of the Code has been obtained and a
				statement of the amount of Private Activity Bonds proposed to be issued (as
				required by Section  159.805(1),
				F.S.), the following information shall be submitted to the Division in part I
				of Form BF 2006:
(a) The current
				date;
(b) Whether the bonds will
				finance a Priority Project;
(c)
				Whether the Notice is a Supplementary Notice;
(d) The Division Serial No. of the prior
				Notice, if any;
(e) The name,
				address and telephone number of the person who prepared the Notice (and to whom
				the Confirmation or rejection will be sent);
(f) The name of the issuing Agency;
(g) The name of the company, if any, which
				will benefit from or use the proceeds of the bonds;
(h) The date the approval required by section
				147(f) of the Code was given;
(i)
				The purpose of the bonds, including the name of the project (if
				known);
(j) The contemplated
				date(s) of issuance of the bonds;
(k) The name of the Approving
				Authority;
(l) The name and title
				of the official of the Agency executing the Notice; and
(m) The signature of such official,
				certifying that the elected official or voter approval required pursuant to
				section 147(f) of the Code has been obtained on the date indicated and that the
				amount reasonably expected to be required for the financing equals at least 90%
				of the amount of allocation requested.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.006 - Incomplete or Incorrect Applications

Current through Reg. 50, No. 138; July 16, 2024
If any Notice or other document submitted to the Division
				  contains a material omission or error, such Notice or document will not be
				  considered to have been received by the Division until such omission or error
				  is corrected.
Rulemaking Authority
					 159.815 FS. Law Implemented
					 159.805(1)
					 FS.
New 1-1-86, Formerly
					 13K-4.006.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.007 - Tolling of Time Limitation

Current through Reg. 50, No. 138; July 16, 2024
(1) The
				pendency of a validation proceeding during which the time limit for the
				issuance of bonds is tolled shall include that period from and including the
				date on which the original complaint is filed with regard to such validation,
				to and including the date of the last day on which an appeal may be taken from
				the final judgment regarding the validation, or, if an appeal is taken, to and
				including the date on which a final decision is rendered with respect to such
				appeal.
(2) Written notification of
				pending validation proceedings will not be accepted by the Division prior to
				the date the complaint is filed, and must be received on or prior to the date
				which is 90 days after the confirmation is issued, December 29 of the year in
				which the Confirmation is received, or the date of the last day on which an
				appeal may be taken from the final judgment regarding the validation, or, if an
				appeal is taken, the date on which a final decision is rendered with respect to
				such appeal, whichever is earlier.
(3) Written notification of the termination
				of a validation proceeding shall be sent to the Division no later than five
				days after the date of the last day on which an appeal may be taken from the
				final judgment regarding the validation, or, if an appeal is taken, the date on
				which a final decision is rendered with respect to such appeal.
(4) Except with respect to Carryforward
				Projects, the pendency of a validation proceeding shall not have the effect of
				extending beyond December 29 of the calendar year in which the Notice is filed
				the period within which notification of the issuance of bonds required by
				Section  159.805(2),
				F.S., must be made.
Rulemaking Authority
					 159.815 FS. Law Implemented
					 159.805(2), (4)
					 FS.
New 1-1-86, Amended 1-7-88, Formerly
					 13K-4.007.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.008 - Final Confirmation of Allocation

Current through Reg. 50, No. 138; July 16, 2024
(1) Final Confirmation of Allocation shall be
				made by the Division on Form BF 2007. The form shall contain the following
				information:
(a) The Division Serial No. of
				the Notice which requested the allocation;
(b) The dollar amount of the final
				confirmation; and
(c) The name of
				the Issuer.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.009 - Reduction of Amount Requested

Current through Reg. 50, No. 138; July 16, 2024
In the event, and only in the event, that an Agency is
				  notified by the Division that the amount of private activity bonds proposed to
				  be issued by the Agency as indicated in its Notice exceeds the amount of
				  allocation then available for confirmation, the Agency may, by written request,
				  reduce the amount of allocation requested. Such request shall be signed by the
				  Agency official who signed the Notice, or by the person who prepared the
				  Notice. Upon receipt of the original of such written request, the Notice will
				  be processed by the Division as if it had been received concurrently with such
				  written request.
Rulemaking Authority
					 159.815 FS. Law Implemented
					 159.805(6)
					 FS.
New 1-1-86, Amended 1-7-88, Formerly
					 13K-4.009.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.010 - Fees

Current through Reg. 50, No. 138; July 16, 2024
(1) The fee imposed by Section
				 159.811(1),
				F.S., shall accompany every Notice, including a Supplementary Notice.
(2) Once the fee imposed by Section
				 159.811(1),
				F.S., has been deposited in the Revenue Bond Fee Revolving Trust Fund, it shall
				be nonrefundable.
Rulemaking Authority
					 159.815 FS. Law Implemented
					 159.811(1)
					 FS.
New 12-15-85, Formerly
					 13K-4.010.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-4 - PRIVATE ACTIVITY BOND LIMIT ALLOCATION › Section 19A-4.011 - Carryforwards

Current through Reg. 50, No. 138; July 16, 2024
(1) Unless made concurrently with the Notice,
				an Application For Carryforward pursuant to Section
				 159.81, F.S., shall be submitted
				to the Division on Form BF 2009, which shall contain the following information:
(a) The current date;
(b) Whether the bonds will finance a Priority
				Project;
(c) The Division Serial
				No. of the original Notice (not required if application is made concurrently
				with Form BF 2006, or if the original Confirmation has not been
				received);
(d) The name, address
				and telephone number of the person who prepared the Application (and to whom
				the approval or rejection of carryforward will be sent);
(e) The name of the issuing Agency;
(f) The name of the company, if any, which
				will benefit from or use the proceeds of the bonds;
(g) The amount of Private Activity Bonds
				proposed to be issued;
(h) The
				purpose of the bonds, including the name of the project;
(i) The contemplated date(s) of issuance of
				the bonds; and
(j) The name of the
				Approving Authority; and shall be signed by the Agency official who executed
				the original Notice, or by the person who prepared the
				Notice.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-5 - MASTER EQUIPMENT FINANCING AGREEMENTS › Section 19A-5.001 - Purpose

Current through Reg. 50, No. 138; July 16, 2024
To establish a procedure for the Division of Bond Finance to
				  negotiate Master Equipment Financing Agreements.
Rulemaking Authority
					 287.064(8) FS.
					 Law Implemented 287.064
					 FS.
New 7-17-89, Formerly 13K-5.001, Amended
					 5-25-95.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-5 - MASTER EQUIPMENT FINANCING AGREEMENTS › Section 19A-5.003 - Procedure

Current through Reg. 50, No. 138; July 16, 2024
Upon the receipt of a written request by the Comptroller, the
				  Division shall negotiate a Master Equipment Financing Agreement. In the
				  negotiation of a Master Equipment Financing Agreement the Division may:
(1) Determine the method of entering into a
				Master Equipment Financing Agreement pursuant to Rule
				 19A-5.0035, F.A.C.
(2) Determine fees, interest rates,
				compensation, expenses or other terms of a Master Equipment Financing Agreement
				or any agreement relating to the establishment of a Master Equipment Financing
				Agreement.
(3) Select and retain
				Financing Professionals or any other professional firms or individuals relating
				to the establishment of a Master Equipment Financing
				Agreement.
Rulemaking Authority
					 287.064(8) FS.
					 Law Implemented 287.064
					 FS.
New 7-17-89, Formerly 13K-5.003, Amended
					 5-25-95.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-5 - MASTER EQUIPMENT FINANCING AGREEMENTS › Section 19A-5.004 - Fees

Current through Reg. 50, No. 138; July 16, 2024
The Division may charge the Comptroller fees which shall not
				  exceed the limits established in the fee schedule adopted by the Governing
				  Board for bonds issued by the Division and may include charges for all expenses
				  provided for in the schedule.
Rulemaking Authority
					 287.064(8) FS.
					 Law Implemented 287.064(10),
					 215.65(3)
					 FS.
New 7-17-89, Formerly 13K-5.004, Amended
					 5-25-95.
Florida Administrative Code › 19 - STATE BOARD OF ADMINISTRATION › 19A - Division of Bond Finance › Chapter 19A-6 - SELECTION OF SERVICE PROVIDERS AND UNDERWRITERS › Section 19A-6.001 - Division Intent and Declaration of Policy; Purpose

Current through Reg. 50, No. 138; July 16, 2024
(1) The public trust and associated powers
				granted to the Division in Sections
				 215.57 -
				 215.83, F.S., make it imperative
				that the highest standards of conduct apply to Governing Board members and
				employees when engaged in decisions relative to the issuance of bonds, the
				award of a Master Equipment Financing Agreement or the review or selection of
				the service providers and underwriters who may receive financial benefits
				relating to the issuance of bonds, the award of a Master Equipment Financing
				Agreement, and other programs of the Division.
(2) The public has a right to know that
				decisions relative to the issuance of bonds, the award of a Master Equipment
				Financing Agreement or the review or selection of service providers and
				underwriters by the Governing Board are not based upon considerations other
				than the merits of the proposal submitted in response to the applicable
				solicitation document.
(3) Service
				providers and underwriters wishing to provide services, underwrite bonds or be
				considered for the award of a Master Equipment Financing Agreement must have
				notice of the procedures and conditions applied by the Division to ensure fair
				and open competition and to avoid even the appearance or perception of
				impropriety in the selection process.
(4) It is, therefore, the intent and policy
				of the Division under this chapter to protect the public trust by avoiding even
				the appearance or perception that favoritism, special dealing or political
				considerations are involved in decisions to issue bonds, award a Master
				Equipment Financing Agreement or select service providers and underwriters by
				the Governing Board.
(5) The
				purpose of this chapter is to describe the practices and procedures of the
				Division with respect to the selection of service providers and underwriters.
				This chapter applies to the operations of the Division and the conduct of its
				Governing Board members and employees with respect to service providers and
				underwriters retained or selected by the Governing Board.
Rulemaking Authority
					 215.62(5),
					 287.064(8) FS.
					 Law Implemented 215.64(5),
					 215.68(5),
					 287.064
					 FS.
New 12-3-91, Formerly 13K-6.001, Amended
					 5-25-95.