Summary


The proposed rule amends the SREF as described above. The amendment specifies that district school boards and Florida College System institution boards of trustees must deposit the proceeds from the sale of land or other real property into the account used to fund the original acquisition, or if the original fund source was by donation or is not known, into the account for proceeds from the sale of real property. The amendment updates the publication’s finance chapter to define the roles of the OEF and the FCO with respect to public educational facilities finance, to remove an obsolete provision requiring universities to purchase an insurance policy guarantying the payment of all principal and interest payable under a lease-purchase agreement and to make other clarifying and technical revisions. The amendment adopts the most recent compilation of 29 C.F.R. Parts 1910 and 1926 by the Occupational Safety and Health Administration, Department of Labor. The amendment revises certain forms adopted by reference in the rule to update form numbers, to add instructions and to update office contact information. The amendment adopts new form OEF SFCA-10A Special Facilities Construction Account (SFCA) District School Board Resolution. The amendment eliminates the incorporation of the Charter School Capital Outlay Plan, which is a subject addressed in a separate rule. The amendment makes other revisions necessary to update or clarify the text of the rule or incorporated documents.