(1) Every tax collector or other person having moneys which by law go to any district school fund shall at least once each month pay the same over to the depository or depositories designated by the district school board for such purpose, and shall provide said board with confirmation of the deposit. Every officer having moneys which by law go to any state school fund shall pay the same to the Chief Financial Officer of the state, and the Chief Financial Officer shall see that these moneys are deposited to the credit of the proper state school fund.
(2) The district school board shall have the authority to designate that funds due it be placed for investment for its account with the State Board of Administration rather than be deposited, and said board may direct those persons having moneys due it or due any state school fund to pay out such funds to the State Board of Administration to make authorized investments for its account.
History.—s. 620, ch. 2002-387; s. 1970, ch. 2003-261.
Structure Florida Statutes
Title XLVIII - Early Learning-20 Education Code
Chapter 1011 - Planning and Budgeting
Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.57)
Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets
1011.02 - District school boards to adopt tentative budget.
1011.03 - Public hearings; budget to be submitted to Department of Education.
1011.035 - School district fiscal transparency.
1011.05 - Implementation of the official budget.
1011.051 - Guidelines for general funds.
1011.08 - Expenditures between July 1 and date budget becomes official.
1011.09 - Expenditure of funds by district school board.
1011.11 - Certain provisions to be directory.
1011.12 - Purposes of and procedures in incurring school indebtedness.
1011.13 - Current loans authorized under certain conditions.
1011.14 - Obligations for a period of 1 year.
1011.15 - Obligations to eliminate major emergency conditions.
1011.16 - Provisions for retirement of existing indebtedness which is unfunded or in default.
1011.17 - School funds to be paid to Chief Financial Officer or into depository.
1011.18 - School depositories; payments into and withdrawals from depositories.
1011.19 - Sources of district school fund.
1011.20 - Apportionment and use of district school fund.
1011.21 - Source and use of district interest and sinking fund.
1011.22 - Interest and sinking funds may be invested in certain bonds, warrants, and notes.
1011.23 - Disposition of balance in interest and sinking fund.