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Florida Administrative Code (Last Updated: April 18, 2024) |
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19. State Board of Administration |
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D19. Departmental |
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19-7. Rules And Regulations Governing The Administration Of The Local Government Surplus Funds Trust Fund |
Effective on Tuesday, March 26, 2002
1Any requests for funds to be returned or notification of funds to be wired for investment after 1:00 p.m. (EST) may be included in the following day’s business. In the event that the Board is informed by 1:00 p.m. (EST) of a deposit for investment that day, and the funds are not transmitted to the Board’s bank account by the close of business that day, which results in a shortfall, a fee shall be charged to the participant for each day until the shortfall is corrected. The fee will be based on the current overdraft fee charged by the bank on the amount of the shortfall.
107Rulemaking Authority 109218.405, 110218.412 FS. 112Law Implemented 114215.515 FS. 116History–New 8-24-82, Formerly 19-7.16, Amended 6-26-95, 3-26-02, 9-5-10.
