The proposed amendment is intended to promote clarity and efficiency in the handling of revolving funds. The rules are being amended to do the following: • Update the definitions contained in the rule. • Update requirements for the establishment, ...

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Accounting and Auditing

RULE NOS.:RULE TITLES:

69I-23.002Definitions

69I-23.003Establishment, Changes, and Continuation of Revolving Fund

69I-23.004Use of Revolving Fund

PURPOSE AND EFFECT: The proposed amendment is intended to promote clarity and efficiency in the handling of revolving funds. The rules are being amended to do the following:

• Update the definitions contained in the rule.

• Update requirements for the establishment, change or continuation of the Revolving Fund.

• Update the internal controls for the use of the Revolving Fund.

• Correct clerical and formatting errors on Forms DFS-A1-1823 and DFS-A2-2185.

SUBJECT AREA TO BE ADDRESSED: Revolving Funds.

RULEMAKING AUTHORITY: 17.14, 17.29 FS.

LAW IMPLEMENTED: 17.14, 17.29, 17.58, 17.65, 216.271 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: April 20, 2017, 10:00 a.m.

PLACE: Room B103, Fletcher Building, 101 E. Gaines Street, Tallahassee, FL

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Jennifer Reeves-Foster, telephone: [phone], email: [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Jennifer Reeves-Foster, Chief, Bureau of Financial Reporting, Division of Accounting and Auditing, Department of Financial Services, address: 200 East Gaines Street, Tallahassee, Florida 32399-0364, telephone: [phone], email: [e-mail]. A copy of the proposed changes can be found at http://www.myfloridacfo.com/Division/GeneralCounsel/RuleWorkshopMeeting/default.asp.

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.