This rulemaking implements section 280.042, Florida Statutes. Ch. 2024-140, § 70, at 66, Laws of Fla. Section 280.042 sets forth policies whereby a credit union may participate as a qualified public depository in the public ....

Document Information

Comments Open:: 7/3/2024
Summary:: This rulemaking implements section 280.042, Florida Statutes, which is part of chapter 280, Florida Statutes, the Florida Security for Public Deposits Act.
Purpose:: This rulemaking implements section 280.042, Florida Statutes. Ch. 2024-140, § 70, at 66, Laws of Fla. Section 280.042 sets forth policies whereby a credit union may participate as a qualified public depository in the public deposits program with certain limitations. These rules set forth compliance procedures and criteria to ensure the statutory limitations are not exceeded. This rulemaking requires quarterly reporting from a public depositor that is a state university or state college.
Rulemaking Authority:: 280.19, FS.
Law:: 17.57, 17.61, 280.042, 280.055, FS.
Related Rules: (2): 69C-2.023. Additional Requirements for a State University and State College Public Depositor; 69C-2.025. Policy and Procedures for a Credit Union Designated as a Qualified Public Depository