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Florida Administrative Code (Last Updated: November 11, 2024) |
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6. Department of Education |
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6A. State Board of Education |
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6A-1. Finance And Administration |
1(1) When any unfunded or delinquent indebtedness exists against the district general school fund or when any other type of unfunded, legally-incurred school indebtedness exists, it shall be the duty of the superintendent to prepare and the school board to approve a plan for retiring this indebtedness in accordance with the provisions of Section 551011.16, F.S., 57and to submit such a plan to the Commissioner for consideration.
68(2) It shall be the duty of the Commissioner to assist and cooperate with the superintendent and school board in any district in which any unfunded or delinquent indebtedness exists, making recommedations regarding the plan, including determining funds necessary to operate and determining what remaining funds are available to retire debt and proposing any necessary modifications to the plan.
127(3) The district school board shall not attempt to retire any such debt until the Commissioner has proposed recommendations.
146Rulemaking Authority 1481001.02(1), 1491011.16 FS. 151Law Implemented 1531011.16 FS. 155History–New 2-18-74, Repromulgated 12-5-74, Amended 9-6-78, Formerly 6A-1.38, Amended 12-20-11.
