Florida Statutes
Chapter 215 - Financial Matters: General Provisions
215.69 - State Board of Administration to Administer Funds.


(1) The State Board of Administration is hereby designated and appointed as the agent of the board and the division to administer all debt service funds for bonds issued pursuant to this act, except as otherwise provided herein.
(2) Upon sale and delivery of any bonds by the division pursuant to this act and disbursement of the proceeds thereof in the manner provided by the proceedings authorizing the issuance of such bonds, the State Board of Administration shall take over the management, control, bond trusteeship, administration, custody, and payment of all debt service or other funds or assets available for such bonds and shall cause to be entered in its records a description of all bonds issued pursuant to this act, giving their amount, date, the times fixed for payment of principal and interest, the rate or rates of interest, the place or places at which the principal and interest will be payable, the denomination or denominations and purpose of issuance, together with the name of the state agency or state officials vested with the authority and power to levy, fix, and establish the taxes, revenues, or other funds for the payment of the principal and interest on such bonds, and reserves therefor, and a reference to the statute under which such bonds are issued. Upon assuming such trusteeship, the State Board of Administration shall succeed to all the statutory powers of the division and other state agencies with regard to such bonds.
(3) The State Board of Administration shall have authority to require the state officials and the state agencies on behalf of which the division shall have issued bonds to promptly forward the necessary taxes, revenues, or other funds for the payment of the principal of or interest on such bonds, and reserves therefor, and any other funds required by the proceedings which authorized such bonds to the State Board of Administration.
(4) The State Board of Administration shall also be the agent of the division for the investment of all funds of the division, including all reserve funds, and the State Board of Administration shall invest all such funds in the securities provided in the proceedings which authorized the issuance of such bonds, or, if no provisions for such investments are provided in such proceedings, then such funds shall be invested in the manner provided in s. 215.47.
(5) The State Board of Administration shall also act as the trustee of any sinking funds or other funds if the proceedings which authorized the issuance of such bonds provide for a trustee of such funds and no bank or trust company is designated as trustee of such funds in such proceedings.
(6) The provisions of this section shall not prevent, however, the designation by the board of a bank or trust company to serve as a trustee for the purposes of this act.
(7) The State Board of Administration shall maintain all records required to be maintained as to outstanding bond issues pursuant to s. 215.63 and this section, and it shall not be necessary for the Division of Bond Finance to duplicate such records or to maintain separate accounts for any of such issues.
History.—s. 14, ch. 69-230; s. 2, ch. 73-135.

Structure Florida Statutes

Florida Statutes

Title XIV - Taxation and Finance

Chapter 215 - Financial Matters: General Provisions

215.01 - Fiscal Year.

215.02 - Manner of Paying Money Into the Treasury.

215.03 - Party to Be Reimbursed on Reversal of Judgment for State.

215.04 - Department of Financial Services to Report Delinquents.

215.05 - Department of Financial Services to Certify Accounts of Delinquents.

215.06 - Certified Accounts of Delinquents as Evidence.

215.07 - Preference of State in Case of Insolvency.

215.08 - Delinquent Collectors to Be Reported to State Attorney.

215.09 - Delinquent Collectors; Forfeiture of Commissions.

215.10 - Delinquent Collectors; Suspension.

215.11 - Defaulting Officers; Department of Financial Services to Report to Clerk.

215.12 - Defaulting Officers; Duty of Clerk.

215.15 - School Appropriations to Have Priority.

215.16 - Appropriations From General Revenue Fund for Public Schools, State Institutions of Higher Learning, and Community Colleges; Reduction.

215.179 - Solicitation of Payment.

215.18 - Transfers Between Funds; Limitation.

215.195 - Agency Deposits Relating to the Statewide Cost Allocation Plan.

215.196 - Architects Incidental Trust Fund; Creation; Assessment.

215.197 - Federal Grants Trust Fund.

215.198 - Operating Trust Fund.

215.199 - Audit and Warrant Clearing Trust Fund.

215.20 - Certain Income and Certain Trust Funds to Contribute to the General Revenue Fund.

215.211 - Service Charge; Elimination or Reduction for Specified Proceeds.

215.22 - Certain Income and Certain Trust Funds Exempt.

215.23 - When Contributions to Be Made.

215.24 - Exemptions Where Federal Contributions or Private Grants.

215.245 - Contracts With Federal Government; Indemnification Authorized in Certain Circumstances.

215.25 - Manner of Contributions; Rules and Regulations.

215.26 - Repayment of Funds Paid Into State Treasury Through Error.

215.28 - United States Securities, Purchase by State and County Officers and Employees; Deductions From Salary.

215.31 - State Funds; Deposit in State Treasury.

215.311 - State Funds; Exceptions.

215.32 - State Funds; Segregation.

215.3206 - Trust Funds; Termination or Re-Creation.

215.3207 - Trust Funds; Establishment; Criteria.

215.3208 - Trust Funds; Legislative Review.

215.321 - Regulatory Trust Fund.

215.322 - Acceptance of Credit Cards, Charge Cards, Debit Cards, or Electronic Funds Transfers by State Agencies, Units of Local Government, and the Judicial Branch.

215.34 - State Funds; Noncollectible Items; Procedure.

215.35 - State Funds; Warrants and Their Issuance.

215.36 - State Funds; Laws Not Repealed.

215.37 - Department of Business and Professional Regulation and the Boards to Be Financed From Fees Collected; Deposit of Funds; Service Charge; Appropriation.

215.405 - State Agencies and the Judicial Branch Authorized to Collect Costs of Fingerprinting.

215.42 - Purchases From Appropriations, Proof of Delivery.

215.422 - Payments, Warrants, and Invoices; Processing Time Limits; Dispute Resolution; Agency or Judicial Branch Compliance.

215.425 - Extra Compensation Claims Prohibited; Bonuses; Severance Pay.

215.43 - Public Bonds, Notes, and Other Securities.

215.431 - Issuance of Bond Anticipation Notes.

215.44 - Board of Administration; Powers and Duties in Relation to Investment of Trust Funds.

215.4401 - Board of Administration; Public Record Exemptions.

215.441 - Board of Administration; Appointment of Executive Director.

215.442 - Executive Director; Reporting Requirements; Public Meeting.

215.444 - Investment Advisory Council.

215.45 - Sale and Exchange of Securities.

215.47 - Investments; Authorized Securities; Loan of Securities.

215.4701 - Trademarks, Copyrights, or Patents.

215.4702 - Investments in Publicly Traded Companies Operating in Northern Ireland.

215.471 - Divestiture by the State Board of Administration; Reporting Requirements.

215.472 - Prohibited Investments.

215.4725 - Prohibited Investments by the State Board of Administration; Companies That Boycott Israel.

215.473 - Divestiture by the State Board of Administration; Sudan; Iran.

215.474 - Analyses of Technology and Growth Investments.

215.475 - Investment Policy Statement.

215.4754 - Ethics Requirements for Investment Advisers and Managers and Members of the Investment Advisory Council.

215.4755 - Certification and Disclosure Requirements for Investment Advisers and Managers.

215.48 - Consent and Ratification of Appropriate Board, Agency, or of the Judicial Branch.

215.49 - Making Funds Available for Investment.

215.50 - Custody of Securities Purchased; Income.

215.51 - Investment Accounts; Changes, Notice, Etc.

215.515 - Investment Accounts; Charges for Services.

215.52 - Rules and Regulations.

215.53 - Powers of Existing Officers and Boards, the Judicial Branch, and Agencies Not Affected.

215.55 - Federal Use of State Lands Trust Fund; County Distribution.

215.551 - Federal Use of State Lands Trust Fund; County Distribution; Requests by Counties.

215.552 - Federal Use of State Lands Trust Fund; Land Within Military Installations; County Distribution.

215.555 - Florida Hurricane Catastrophe Fund.

215.5551 - Reinsurance to Assist Policyholders Program.

215.556 - Exemption.

215.557 - Reports of Insured Values.

215.5586 - My Safe Florida Home Program.

215.5588 - Florida Disaster Recovery Program.

215.559 - Hurricane Loss Mitigation Program.

215.5595 - Insurance Capital Build-Up Incentive Program.

215.55952 - Annual Report on Economic Impact of a 1-in-100-Year Hurricane.

215.56005 - Tobacco Settlement Financing Corporation.

215.5601 - Lawton Chiles Endowment Fund.

215.5602 - James and Esther King Biomedical Research Program.

215.56021 - Exemptions From Public Records and Public Meetings Requirements; Peer Review Panels.

215.57 - Short Title.

215.58 - Definitions Relating to State Bond Act.

215.59 - State Bonds, Revenue Bonds; Issuance.

215.60 - State Bonds for Financing Road Acquisition and Construction.

215.605 - State Bonds for Right-of-Way Acquisition or Bridge Construction.

215.61 - State System of Public Education Capital Outlay Bonds.

215.615 - Fixed-Guideway Transportation Systems Funding.

215.616 - State Bonds for Federal Aid Highway Construction.

215.617 - Bonds for State-Funded Infrastructure Bank.

215.618 - Bonds for Acquisition and Improvement of Land, Water Areas, and Related Property Interests and Resources.

215.619 - Bonds for Everglades Restoration.

215.62 - Division of Bond Finance.

215.63 - Transfer to Division of Assets and Liabilities of the Revenue Bond Department of Development Commission.

215.64 - Powers of the Division.

215.65 - Bond Fee Trust Fund, Expenditures; Schedule of Fees.

215.655 - Arbitrage Compliance Program, Expenditures; Schedule of Fees.

215.66 - Request for Issuance of Bonds; Procedure Requirements.

215.67 - Issuance of State Bonds.

215.68 - Issuance of Bonds; Form; Maturity Date, Execution, Sale.

215.684 - Limitation on Engaging Services of Securities Broker or Bond Underwriter Convicted of Fraud.

215.69 - State Board of Administration to Administer Funds.

215.70 - State Board of Administration to Act in Case of Defaults.

215.71 - Application of Bond Proceeds.

215.72 - Covenants With Bondholders.

215.73 - Approval of Bond Issue by State Board of Administration.

215.74 - Pledge of Constitutional Fuel Tax; Consent by Counties and State Agency Supervising State Road System.

215.75 - Bonds Securities for Public Bodies.

215.76 - Exemption of Bonds From Taxation.

215.77 - Trust Funds.

215.78 - Remedies.

215.79 - Refunding Bonds.

215.80 - Annual Report.

215.81 - Pledge of State.

215.82 - Validation; When Required.

215.821 - Issuance of Bonds by State Agencies.

215.83 - Construction of State Bond Act.

215.835 - Rulemaking Authority.

215.84 - Government Bonds; Maximum Rate of Interest.

215.845 - Certain Special Laws Establishing Interest Rates on Bonds Prohibited.

215.85 - Direct Deposit of Public Funds.

215.86 - Management Systems and Controls.

215.89 - Charts of Account.

215.90 - Short Title.

215.91 - Florida Financial Management Information System; Board; Council.

215.92 - Definitions Relating to Florida Financial Management Information System Act.

215.93 - Florida Financial Management Information System.

215.94 - Designation, Duties, and Responsibilities of Functional Owners.

215.95 - Financial Management Information Board.

215.96 - Coordinating Council and Design and Coordination Staff.

215.962 - Standards for State Agency Use of Card-Based Technology.

215.964 - Process for Acquisition of Commodities or Services That Include the Use of Card-Based Technology.

215.965 - Disbursement of State Moneys.

215.966 - Refinancing of Bonds.

215.97 - Florida Single Audit Act.

215.971 - Agreements Funded With Federal or State Assistance.

215.98 - State Debt Fiscal Responsibility.

215.981 - Audits of State Agency Direct-Support Organizations and Citizen Support Organizations.

215.985 - Transparency in Government Spending.