The purpose and effect of this rule development is to update and consolidate rules to reflect modifications to the Stanley G. Tate Florida Prepaid College Program.

 

STATE BOARD OF ADMINISTRATION

Florida Prepaid College Board

RULE NOS.:RULE TITLES:

19B-11.001General

19B-11.002Conversion of a Plan to Another Plan of Lesser Value

19B-11.003Conversion/Refund Requests

19B-11.004Dormitory Refund

19B-11.005Other Refunds

19B-11.006Hold Harmless

PURPOSE AND EFFECT: The purpose and effect of this rule development is to update and consolidate rules to reflect modifications to the Stanley G. Tate Florida Prepaid College Program.

SUMMARY: The primary purpose of updating the rules is to reduce redundancy by consolidating relevant rules into the Master Contract, which is incorporated by reference in subsection 19B-4.001(2), F.A.C.

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: During a discussion of the economic impact of these rules at its Board meeting, the Board, based upon the expertise and experience of its members, determined that a SERC was not necessary and that the rules will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact.

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: 1009.971(1), (4), (6) FS.

LAW IMPLEMENTED: 1009.97, 1009.98 FS.

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

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 48 hours before the workshop/meeting by contacting: William Thompson, Deputy Executive Director, 1801 Hermitage Blvd., Suite 210, Tallahassee, FL, [phone], [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 IS: William Thompson, Deputy Executive Director, 1801 Hermitage Blvd., Suite 210, Tallahassee, FL, [phone], [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

19B-11.001 General.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.971, 1009.98(5), (10) FS. History–New 3-29-89, Amended 2-6-90, 3-19-92, Formerly 4G-11.001, Amended 8-18-97, 11-6-01, 12-17-07, 1-28-09, 11-30-09, 10-18-10, Repealed_________.

 

19B-11.002 Conversion of a Plan to Another Plan of Lesser Value.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.98(5) FS. History–New 3-29-89, Amended 2-6-90, 3-19-92, Formerly 4G-11.002, Amended 8-18-97, Repealed_________.

 

19B-11.003 Conversion/Refund Requests.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.98(5) FS. History–New 3-29-89, Amended 3-19-92, Formerly 4G-11.003, Repealed_________.

 

19B-11.004 Dormitory Refund.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.971, 1009.98(5) FS. History–New 3-29-89, Amended 2-6-90, Formerly 4G-11.004, Amended 5-31-95, 2-18-99, 10-18-10, Repealed_________.

 

19B-11.005 Other Refunds.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.971, 1009.98(5) FS. History–New 3-29-89, Amended 2-6-90, 3-19-92, Formerly 4G-11.005, Amended 1-28-09, 10-18-10, Repealed_________.

 

19B-11.006 Hold Harmless.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.98 FS. History–New 6-20-96, Repealed_________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Florida Prepaid College Board

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Florida Prepaid College Board

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: June 12, 2014