13858213, 19-7.014 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 13858213

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

RULES AND REGULATIONS GOVERNING THE ADMINISTRATION OF THE LOCAL GOVERNMENT SURPLUS FUNDS TRUST FUND

Overview

RULE:

19-7.014

Number of Accounts (Repealed)

PURPOSE:

Section 218.409(5), Florida Statutes allows, but does not require, the SBA to establish a maximum number of accounts for participants in Florida PRIME.  The current rule establishes a maximum of ten (10) accounts.  However, the cap is somewhat arbitrary, and the removal of the cap would provide the SBA with greater flexibility to make decisions concerning participant accounts based on specific participant activity and needs.

SUMMARY:

To repeal a rule that is not required.  There are no other rules incorporating this repealed rule. The proposed repeal does not have an impact on any other rules. Legislative ratification of this rule repeal is not required.

RULEMAKING AUTHORITY:

218.405, 218.412 FS

LAW:

218.409(5) FS.

PRINT PUBLISH DATE:

11/26/2013 Vol. 39/230

COMMENTS:

From 11/26/2013 To 12/17/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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