7824231, 69I-3.004 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 7824231

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

CONSOLIDATED EQUIPMENT FINANCING PROGRAM

Overview

RULE:

69I-3.004

Deferred Payment Commodity Contracting

PURPOSE:

To implement Department responsibilities under Section 287.063, F.S. In 2008, Section 24, Chapter 2008-227, amending Section 287.063, F.S., added requirements to the criteria stated in Section 287.063, F.S., for allowing an agency to seek financing without using the Consolidated Equipment Finance Program (CEFP). A new rule is being promulgated to reflect these statutory changes, and to separate the rules related to Section 287.063, F.S., exceptions to the CEFP Program from Rule 69I-3.001, F.A.C., which addresses rules for the CEFP Program.

SUBJECT:

Establish criteria for approving purchases made under deferred-payment contracts which require the payment of interest, related to requesting equipment leases, under Section 287.063, F.S.

RULEMAKING AUTHORITY:

17.29, 287.063(2)(b) FS.

LAW:

287.063, 287.064 FS.

PRINT PUBLISH DATE:

10/23/2009 Vol. 35/42

RELATED STATUTES
AND LAWS:

17.29, 287.063(2)(b) FS., 287.063, 287.064 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69I-3.004&PDate=10/23/2009&Section=1

REFERENCE MATERIALS:

No reference(s).

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