Published on: 13397172. These rules are being repealed and the pertient text is being moved and incorporated into Rule 19-5.001. Consolidating the rules in Chapter 19-5 will eliminate extraneous provisions and should facilitate readability by listing all process steps and documents required to comply with the rule in one place rather than in six separate rules that cross reference each other.
Published on: 13299299. The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend or repeal the following rules, as applicable: Rule 19-5.001 is being amended incorporate all of the relevant provisions in Rule Chapter 19-5 into Rule 19-5.001. Rule 19-5.001 is also being amended to describe the informal review process conducted by the SBA’s Executive Director after receipt of an application from a governmental unit requesting authority to sell bonds at an interest rate in excess of an otherwise statutory maximum interest rate. Rule 19-5.003 presently describes a slightly different review process for applications to sell bonds in excess of 50 basis points above the otherwise statutory maximum interest rate. That portion of Chapter 19-5 is being deleted. The same process will apply to all applications under this rule. Provisions also are being updated to clarify the types of information that the Executive Director & CIO may consider in conducting the informal review. The rule further clarifies that the authorization to issue bonds at an interest rate in excess of the legal limitation expires 180 days after the authorization has been given. The Trustees also will be asked to authorize the filing of these rules for amendment or repeal, as applicable, if no member of the public timely requests a rule hearing.; August 6, 2013, 9:00 a.m. (ET) – conclusion of the meeting; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 12874536. The Trustees of the State Board of Administration of Florida will consider proposed amendments to the rules contained in Rule Chapter 19-5, and will be asked for permission to file a Notice of Proposed Rulemaking for these rules, and to file these rules for adoption and repeal, as applicable, if no member of the public timely requests a rule hearing. It was determined that all rule provisions in Chapter 19-5 can be consolidated and incorporated into Rule 19-5.001. Having all of the information regarding the procedures for applying for the authority to sell bonds at an interest rate in excess of the legal limitation in one rule makes the rule more user-friendly, makes it less likely the governmental unit will miss any required steps in the application process, and serves to eliminate any extraneous provisions. As such, the amendments are being proposed to consolidate, through amendment and repeal, all of the relevant provisions in Rule Chapter 19-5 into Rule 19-5.001. Rule 19-5.001 further is being amended to memorialize the informal review process conducted by the SBA’s Executive Director after receipt of an application from a governmental unit requesting authority to sell bonds at an interest rate in excess of the maximum set by law. Provisions are being updated to ensure that it is clear that the review process does not differ depending on the amount of interest being requested. Provisions also are being updated to set forth the types of information that the Executive Director & CIO should consider in conducting the informal. Provisions also are being clarified to make it clear that the authorization to issue bonds at an interest rate in excess of the legal limitation expires 180 days after the authorization has been given. Statutory citations are being updated.; April 23, 2013, 9:00 a.m. (ET) – conclusion of the meeting.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida.