The Division proposes the repeal of the rule which is now obsolete.

 

STATE BOARD OF ADMINISTRATION

Division of Bond Finance

RULE NO.:RULE TITLE:

19A-3.004Sale and Award of Housing Bonds

PURPOSE AND EFFECT: The Division proposes the repeal of the rule which is now obsolete.

SUMMARY: As a result of the comprehensive rule review required by Executive Order 11-211, the Division has identified Rule 19A-3.004 as obsolete and unnecessary.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The Division conducted an economic analysis of the potential impact of the proposed rule repeal and determined there will be no adverse economic impact or regulatory increases that would require legislative ratification.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 215.62(5) FS.

LAW IMPLEMENTED: 215.68, 420.509 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Donna Biggins, Division of Bond Finance, 1801 Hermitage Blvd, Suite 200, Tallahassee, Florida 32308, [e-mail], [phone]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

19A-3.004 Sale and Award of Housing Bonds.

Rulemaking Authority 215.62(5) FS. Law Implemented 215.68(5)(b), (c), 420.509(5), (7) FS, Chapter 83-238, Laws of Florida. History–New 3-27-84, Formerly 13K-13.04, 13K-3.004, Repealed___________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Donna Biggins, Senior Attorney

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Governing Board of the Division of Bond Finance

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: September 29, 2015