Florida Statute 24.120 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title IV
EXECUTIVE BRANCH

Chapter 24
STATE LOTTERIES

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F.S. 24.120

24.120 Financial matters; Operating Trust Fund; interagency cooperation.—

(1) There is hereby created in the State Treasury an Operating Trust Fund to be administered in accordance with chapters 215 and 216 by the department. All money received by the department which remains after payment of prizes and initial compensation paid to retailers shall be deposited into the Operating Trust Fund. All moneys in the trust fund are appropriated to the department for the purposes specified in this act.

(2) Moneys available for the payment of prizes on a deferred basis shall be invested by the State Board of Administration in accordance with a trust agreement approved by the secretary and entered into between the department and the State Board of Administration in accordance with ss. 215.44-215.53. The investments authorized by this subsection shall be done in a manner designed to preserve capital and to ensure the integrity of the lottery disbursement system by eliminating the risk of payment of funds when due and to produce equal annual sums of money over the required term of the investments.

(3) Any action required by law to be taken by the Chief Financial Officer shall be taken within 2 business days after the department’s request therefor. If the request for action is not approved or rejected within that time period, the request shall be deemed to be approved. The department shall reimburse the Chief Financial Officer for any additional costs involved in providing the level of service required by this subsection.

(4) The department shall cooperate with the Chief Financial Officer, the Auditor General, and the Office of Program Policy Analysis and Government Accountability by giving employees designated by any of them access to facilities of the department for the purpose of efficient compliance with their respective responsibilities.

(5) With respect to any reimbursement that the department is required to pay to any state agency, the department may enter into an agreement with a state agency under which the department shall pay to the state agency an amount reasonably anticipated to cover the reimbursable expenses in advance of the expenses being incurred.

(6) The Department of Management Services may authorize a sales incentive program for employees of the department for the purpose of increasing the sales volume and distribution of lottery tickets. Payments pursuant to the program shall not be construed to be lump-sum salary bonuses.

History.—s. 20, ch. 87-65; s. 7, ch. 88-374; s. 5, ch. 89-208; s. 1, ch. 91-278; s. 9, ch. 92-279; s. 55, ch. 92-326; s. 15, ch. 93-260; s. 24, ch. 2001-266; s. 76, ch. 2003-261; s. 11, ch. 2006-79.

F.S. 24.120 on Google Scholar

F.S. 24.120 on Casetext

Amendments to 24.120

Arrestable Offenses / Crimes under Fla. Stat. 24.120

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 24.120.

Annotations, Discussions, Cases:

Cases Citing Statute 24.120

Total Results: 7

Sanchez v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2016-08-31T00:00:00-07:00

Citation: 199 So. 3d 472, 2016 Fla. App. LEXIS 13215, 2016 WL 4540081

Snippet: or “hunch”’ of criminal activity.” Id. at 123-24, 120 S.Ct. 673 (quoting Terry, 392 U.S. at 27, 88 S.

Gentles v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2010-12-22T00:00:00-08:00

Citation: 50 So. 3d 1192, 2010 Fla. App. LEXIS 19445, 2010 WL 5173879

Snippet: quoting Illinois v. Wardlow, 528 U.S. 119, 123-24, 120 S.Ct. 673, *1197145 L.Ed.2d 570 (2000)) (alteration

Hunter v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2010-03-31T00:00:00-07:00

Citation: 32 So. 3d 170, 2010 Fla. App. LEXIS 4210, 2010 WL 1222625

Snippet: afoot. In Illinois v. Wardlow, 528 U.S. 119, 123-24, 120 S.Ct. 673, 145 L.Ed.2d 570 (2000), the Supreme

City of Tampa v. Addison

Court: Fla. Dist. Ct. App. | Date Filed: 2007-08-08T00:53:00-07:00

Citation: 979 So. 2d 246

Snippet: assessed annually against each attorney is $289.40. § 24-120(0222)(d). The City enacted and enforces its ordinance

Mitchell v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2007-05-02T00:53:00-07:00

Citation: 955 So. 2d 640

Snippet: quot;' of criminal activity." Id. at 123-24, 120 S.Ct. 673. The Supreme Court instructed that while

Battle v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2004-02-24T23:53:00-08:00

Citation: 868 So. 2d 587

Snippet: hunch'" of criminal activity. Id. at 123-24, 120 S.Ct. 673 (citations and footnote omitted). Here

Powell v. BOARD OF PUBLIC INSTRUCTION OF LEVY CTY.

Court: Fla. Dist. Ct. App. | Date Filed: 1969-12-17T23:53:00-08:00

Citation: 229 So. 2d 308

Snippet: moral turpitude. * * *" [2] F.S. §§ 120.24, 120.26, F.S.A. [3] Woodham v. Williams, (Fla.App.