These rules are being repealed and the pertient text is being moved and incorporated into Rule 19-5.001. Consolidating the rules in Chapter 19-5 will eliminate extraneous provisions and should facilitate readability by listing all process steps and ...

 

STATE BOARD OF ADMINISTRATION

RULE NOS.:RULE TITLES:

19-5.0011Limitations Not Applicable to Certain Bonds

19-5.002Application

19-5.003Limitations on Authorization of Interest Rate

19-5.004Term of Authorization

19-5.005Purpose of Authorization

PURPOSE AND EFFECT: These rules are being repealed and the pertient text is being moved and incorporated into Rule 19-5.001, F.A.C., Consolidating the rules in Chapter 19-5 will eliminate extraneous provisions and should facilitate readability by listing all process steps and documents required to comply with the rule in one place rather than in six separate rules that cross reference each other.

SUMMARY: Repeals to consolidate and clarify rule provisions.

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: Upon review of the proposed changes to the rules, the State Board of Administration has determined that the rules do not meet the statutory threshold for ratification by the legislature. There will be no impact on economic growth, job creation or employment, private-sector investment, or business competitiveness, and no increase in regulatory costs.

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: 159.825(3), 215.52, 215.84(5) FS.

LAW IMPLEMENTED: 159.825, 215.84 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW (IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):

DATE AND TIME: Wednesday, September 11, 2013, 9:00 a.m. – 11:00 a.m.

PLACE: Hermitage Room, the Hermitage Centre, 1801 Hermitage Blvd., Tallahassee, Florida 32308

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: Tina Joanos, Agency Clerk, Office of the General Counsel, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, Florida 32308, [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: Ruth A. Smith, Assistant General Counsel, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, Florida 32308, [phone] [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

19-5.0011 Limitations Not Applicable to Certain Bonds.

Rulemaking Specific Authority 159.825(3) 120.53(1), 215.84(5) FS. Law Implemented 159.825, 215.84 FS. History–New 10-23-75, Repealed and Readopted 10-14-80, Amended 12-25-85, Formerly 19-5.011, Amended 12-10-87, 11-19-92, Repealed________.

 

19-5.002 Application.

Rulemaking Specific Authority 159.825(3) 120.53(1), 215.84(5) FS. Law Implemented 215.84 FS. History–New 10-23-75, Amended 9-29-76, Repealed and Readopted 10-14-80, Formerly 19-5.02, Repealed________.

 

19-5.003 Limitations on Authorization of Interest Rate.

Rulemaking Specific Authority 159.825(3) 120.53(1), 215.84(5) FS. Law Implemented 215.84 FS. History–New 10-23-75, Repealed and Readopted 10-14-80, Amended 2-10-82, Formerly 19-5.03, Repealed________.

 

19-5.004 Term of Authorization.

Rulemaking Specific Authority 159.825(3) 120.53(1), 215.84(5) FS. Law Implemented 215.84 FS. History–New 10-23-75, Repealed and Readopted 10-14-80, Formerly 19-5.04, Repealed________.

 

19-5.005 Purpose of Authorization.

Rulemaking Specific Authority 159.825(3) 120.53(1), 215.84(5) FS. Law Implemented 159.825, 215.84 FS. History–New 10-23-75, Repealed and Readopted 10-14-80, Formerly 19-5.05, Amended 12-10-87, Repealed________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Lamar Taylor, Deputy Executive Director

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Trustees of the State Board of Administration

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: August 6, 2013