28513070, 69C-2.023 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28513070

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Treasury

Chapter:

PROCEDURES FOR ADMINISTERING THE FLORIDA SECURITY FOR PUBLIC DEPOSITS ACT

Overview

RULE:

69C-2.023	Additional Requirements for a State University and State College Public Depositor
69C-2.025	Policy and Procedures for a Credit Union Designated as a Qualified Public Depository

PURPOSE:

This rulemaking implements section 280.042, Florida Statutes. Ch. 2024-140, § 70, at 66, Laws of Fla. Section 280.042 sets forth policies whereby a credit union may participate as a qualified public depository in the public deposits program with certain limitations. These rules set forth compliance procedures and criteria to ensure the statutory limitations are not exceeded. This rulemaking requires quarterly reporting from a public depositor that is a state university or state college.

SUMMARY:

This rulemaking implements section 280.042, Florida Statutes, which is part of chapter 280, Florida Statutes, the Florida Security for Public Deposits Act.

RULEMAKING AUTHORITY:

280.19, FS.

LAW:

17.57, 17.61, 280.042, 280.055, FS.

PRINT PUBLISH DATE:

7/3/2024 Vol. 50/130

COMMENTS:

From 7/3/2024 To 7/24/2024 (21 Days)

REFERENCE MATERIALS:

No reference(s).

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