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Florida Administrative Code (Last Updated: April 18, 2024) |
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12. Department of Revenue |
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D12. Departmental |
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12-10. State Revenue Sharing |
1After the calculation of the apportionment factor as specified in Section 12218.245, F.S., 14all receipts available are to be distributed according to the following procedures:
26(1) The apportionment factor for each eligible unit of local government is applied to the department’s estimate of all receipts available to determine each unit’s entitlement from the respective trust fund.
57(2) Revenue shared with eligible units or ineligible units of local government shall be adjusted so that no eligible unit or ineligible unit shall receive less funds than its guaranteed entitlement or minimum entitlement, respectively.
92(3) After making the adjustment as required by subsection (2) above, the sum of the guaranteed and minimum entitlements is subtracted from the estimate of all receipts available. The remaining funds shall be distributed according to a pro rata basis determined by the ratio of total dollars of all eligible units whose entitlements exceed their guaranteed entitlements, to the total receipts remaining after subtracting the sum of the guaranteed and minimum entitlements.
164(4) The portion of revenue sharing funds which would otherwise be distributed to a unit of local government which has not properly certified compliance with, or has otherwise failed to meet the requirements of Section 199200.065, F.S., 201shall be deposited in the General Revenue Fund for that fiscal year.
213Rulemaking Authority 215218.26(1) FS. 217Law Implemented 219218.21, 220218.215, 221218.23, 222218.245, 223218.25, 224218.26 FS. 226History–New 3-8-82, Amended 7-8-82, Formerly 12-10.06, Amended 11-1-98.
