(1) The State Student Financial Assistance Trust Fund is hereby created, to be administered by the Department of Education. Funds shall be credited to the trust fund as provided in the General Appropriations Act or similar legislation, to be used for the purposes set forth therein.
(2) The department may transfer into this trust fund general revenue, private donations for the purpose of matching state funds, and federal receipts for scholarships and grant programs. An individual account code shall be established for each funded scholarship and grant program for accountability purposes.
(3) Notwithstanding the provisions of s. 216.301, and pursuant to s. 216.351, any balance in the trust fund at the end of any fiscal year shall remain in the trust fund and shall be available for carrying out the purposes of the trust fund.
History.—s. 584, ch. 2002-387.
Structure Florida Statutes
Title XLVIII - Early Learning-20 Education Code
Chapter 1010 - Financial Matters
Part V - Trust Funds (Ss. 1010.70-1010.86)
1010.70 - Educational Enhancement Trust Fund.
1010.71 - State School Trust Fund.
1010.73 - State Student Financial Assistance Trust Fund.
1010.731 - Student Loan Guaranty Reserve Trust Fund.
1010.74 - Educational Certification and Services Trust Fund.
1010.75 - Teacher Certification Examination Trust Fund.
1010.80 - Educational Media and Technology Trust Fund.
1010.81 - Education Working Capital Trust Fund.
1010.82 - Textbook Bid Trust Fund.
1010.83 - Institutional Assessment Trust Fund.
1010.85 - Phosphate Research Trust Fund.
1010.86 - Administration of the Capital Improvement Fee Trust Fund.