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Florida Statute 215.444 - Full Text and Legal Analysis Florida Statute 215.444 | Lawyer Caselaw & Research
Fla. Stat. § 215.444 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
215.444 Investment Advisory Council.
(1) There is created a nine-member Investment Advisory Council to review the investments made by the staff of the Board of Administration and to make recommendations to the board regarding investment policy, strategy, and procedures. The council shall meet with staff of the board at least once each quarter and shall provide a quarterly report directly to the Board of Trustees of the State Board of Administration at a meeting of the board.
(2) The members of the council shall be appointed by the board as a resource to the Board of Trustees of the State Board of Administration and shall be subject to confirmation by the Senate. These individuals shall possess special knowledge, experience, and familiarity with portfolio management, institutional investments, and fiduciary responsibilities. Members shall be appointed for 4-year terms. A vacancy shall be filled for the remainder of the unexpired term. The council shall annually elect a chair and a vice chair from its membership. A member may not be elected to consecutive terms as chair or vice chair.
(3) The council members must undergo regular fiduciary training as required by the board and must complete an annual conflict disclosure statement. In carrying out their duties, council members must make recommendations consistent with the fiduciary standards applicable to the board.
(4) The council may create subcommittees as necessary to carry out its duties and responsibilities.
History.s. 1, ch. 83-270; s. 2, ch. 84-94; s. 53, ch. 86-152; s. 2, ch. 86-236; ss. 1, 3, ch. 93-23; s. 1151, ch. 95-147; s. 8, ch. 2010-180; s. 17, ch. 2018-110.

Cases Citing F.S. 215.444

Copy

Ago (Fla. Att'y Gen. 2002).

Published | Florida Attorney General Reports

Mr. Tom Herndon Executive Director State Board of Administration Post Office Box 13300 Tallahassee, Florida 32317-3300 Dear Mr. Herndon: You ask the following question: Is a member of the Investment Advisory Council created pursuant to section 215.444 , Florida Statutes, an officer, employee, or agent of the state for purposes of the state's waiver of sovereign immunity contained in section 768.28 (9)(a), Florida Statutes? In sum: A member of the Investment Advisory Council created pursuant to section 215.444 , Florida Statutes, is an officer, employee, or agent of the state for purposes of the state's waiver of sovereign immunity contained in section 768.28 (9)(a), Florida Statutes....
...lic defenders), and the independent establishments of the state; counties and municipalities; and corporations primarily acting as instrumentalities or agencies of the state, counties, or municipalities, including the Spaceport Florida Authority." 2 Section 215.444 , Florida Statutes, creates the six-member Investment Advisory Council to review the investments made by the staff of the State Board of Administration and to make recommendations to the board regarding investment policy, strategy, and procedures....
...ime and space limits authorized or required by the work to be performed, and it is activated at least in part by a purpose to serve the employer. 9 Accordingly, I am of the opinion that a member of the Investment Advisory Council created pursuant to section 215.444 , Florida Statutes, is an officer, employee, or agent of the state for purposes of the state's waiver of sovereign immunity contained in section 768.28 (9)(a), Florida Statutes. Sincerely, Robert A. Butterworth Attorney General RAB/tjw 1 Section 768.28 (5), Fla. Stat. 2 See , s. 768.28 (2), Fla. Stat. 3 Section 215.444 (1), Fla. Stat. 4 Section 215.444 (2), Fla....

This Florida statute resource is curated by Florida Bar member Graham W. Syfert, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). For legal consultation, call 904-383-7448.