(1) When public deposits are made in accordance with this chapter, there shall be protection from loss to public depositors, as defined in s. 280.02, in the absence of negligence, malfeasance, misfeasance, or nonfeasance on the part of the public depositor or on the part of his or her agents or employees.
(2) The liability of the state, the Chief Financial Officer, or any state agency, or any employee or agent of the state, the Chief Financial Officer, or a state agency, for any action taken in the performance of their powers and duties under this chapter shall be limited to that as a public depositor.
History.—s. 3, ch. 81-285; s. 22, ch. 87-409; s. 194, ch. 95-148; s. 19, ch. 98-409; s. 306, ch. 2003-261.
Structure Florida Statutes
Chapter 280 - Security for Public Deposits
280.03 - Public Deposits to Be Secured; Prohibitions; Exemptions.
280.04 - Collateral for Public Deposits; General Provisions.
280.041 - Collateral Arrangements; Agreements, Provisions, and Triggering Events.
280.05 - Powers and Duties of the Chief Financial Officer.
280.051 - Grounds for Suspension or Disqualification of a Qualified Public Depository.
280.052 - Order of Suspension or Disqualification; Procedure.
280.053 - Period of Suspension or Disqualification; Obligations During Period; Reinstatement.
280.054 - Administrative Penalty in Lieu of Suspension or Disqualification.
280.055 - Cease and Desist Order; Corrective Order; Administrative Penalty.
280.06 - Penalty for Violation of Law, Rule, or Order to Cease and Desist or Other Lawful Order.
280.07 - Mutual Responsibility and Contingent Liability.
280.08 - Procedure for Payment of Losses.
280.085 - Notice to Claimants.
280.09 - Public Deposits Trust Fund.
280.10 - Effect of Merger, Acquisition, or Consolidation; Change of Name or Address.
280.11 - Withdrawal From Public Deposits Program; Return of Pledged Collateral.
280.16 - Requirements of Qualified Public Depositories; Confidentiality.
280.18 - Protection of Public Depositors; Liability of the State.