13299299, 19-5.001 - Florida Administrative Rules, Law, Code, Register

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Notice: 13299299

Notice of Meeting/Workshop Hearing

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

RULES AND REGULATIONS GOVERNING THE PROCEDURES FOR ISSUANCE OF BONDS AT AN INTEREST RATE IN EXCESS OF LEGAL LIMITATION

Overview

RULE:

19-5.001	Interest Rate Limitation on Sale of Bonds of Governmental Units
19-5.0011	Limitations Not Applicable to Certain Bonds (Repealed)
19-5.002	Application (Repealed)
19-5.003	Limitations on Authorization of Interest Rate (Repealed)
19-5.004	Term of Authorization (Repealed)
19-5.005	Purpose of Authorization (Repealed)

The State Board of Administration announces a public meeting to which all persons are invited.

DATE AND TIME:

PLACE:

Subject:

The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend or repeal the following rules, as applicable: Rule 19-5.001 is being amended incorporate all of the relevant provisions in Rule Chapter 19-5 into Rule 19-5.001. Rule 19-5.001 is also being amended to describe the informal review process conducted by the SBA’s Executive Director after receipt of an application from a governmental unit requesting authority to sell bonds at an interest rate in excess of an otherwise statutory maximum interest rate.  Rule 19-5.003 presently describes a slightly different review process for applications to sell bonds in excess of 50 basis points above the otherwise statutory maximum interest rate.  That portion of Chapter 19-5 is being deleted.  The same process will apply to all applications under this rule.  Provisions also are being updated to clarify the types of information that the Executive Director & CIO may consider in conducting the informal review.  The rule further clarifies that the authorization to issue bonds at an interest rate in excess of the legal limitation expires 180 days after the authorization has been given. The Trustees also will be asked to authorize the filing of these rules for amendment or repeal, as applicable, if no member of the public timely requests a rule hearing.

A copy of the agenda may be obtained by contacting: Diane Bruce, State Board of Administration, 1801 Hermitage Blvd., Suite 100, Tallahassee, Florida 32308, (850)413-1253.

PRINT PUBLISH DATE:

7/26/2013 Vol. 39/145

REFERENCE MATERIALS:

No reference(s).

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