This rulemaking modernizes the regulatory criteria and procedures for chapter 280, Florida Statutes, the Florida Security for Public Deposits Act (the Act). Modernization of the Act includes simplifying and clarifying the ....

Document Information

Comments Open:: 7/3/2024
Summary:: This rulemaking includes simplifying, clarifying, and improving the functionality of the regulatory criteria and processes relating to the Act, as well as implementing section 70 of chapter 2024-140, Laws of Florida.
Purpose:: This rulemaking modernizes the regulatory criteria and procedures for chapter 280, Florida Statutes, the Florida Security for Public Deposits Act (the Act). Modernization of the Act includes simplifying and clarifying the regulatory criteria and processes, including improving the functionality of the incorporated material. This rulemaking also, in part, implements section 70 of chapter 2024-140, Laws of Florida, which promulgates section 280.042, Florida Statutes, effective July 1, 2024. ...
Rulemaking Authority:: 280.04, 280.041, 280.052, 280.054, 280.07, 280.10, 280.13, 280.16, 280.17, 280.19, FS.
Law:: 17.57, 120.60, 280.01, 280.02, 280.025, 280.03, 280.04, 280.041, 280.042, 280.05, 280.051, 280.052, 280.053, 280.54, 280.055, 280.06, 280.07, 280.08, 280.085. 280.09. 280.10, 280.11, 280.13, 280.16, 280.17, 280.18, FS.
Related Rules: (15): 69C-2.001. Purpose; 69C-2.002. Scope; 69C-2.004. Definitions; 69C-2.005. Qualifications for Participation by Banks and Savings Associations; 69C-2.006. Administration of Collateral Requirements; More ...