Florida Statute 218.403 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 218
FINANCIAL MATTERS PERTAINING TO POLITICAL SUBDIVISIONS

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F.S. 218.403

218.403 Definitions.—The following words or terms, when used in this part, shall have the following meanings:

(1) “Board” means the State Board of Administration.

(2) “Chief Financial Officer” means the mayor, manager, administrator, clerk, comptroller, treasurer, director of finance, or other local government official, regardless of the title of his or her office, charged with administering the fiscal affairs of a unit of local government.

(3) “Current expenses” means expenses to meet known cash needs and anticipated cash-flow requirements for the short term.

(4) “GASB” means the Governmental Accounting Standards Board.

(5) “GFOA” means the Government Finance Officers Association.

(6) “Governing body” means the body or board in which the legislative power of a unit of local government is vested.

(7) “Short term” means a maximum of 6 months of operation.

(8) “Surplus funds” means any funds in any general or special account or fund of a unit of local government, or funds held by an independent trustee on behalf of a unit of local government, which in reasonable contemplation will not be immediately needed for the purposes intended.

(9) “Trust fund” means the pooled investment fund created by s. 218.405 and known as the Local Government Surplus Funds Trust Fund.

(10) “Trustees” mean the Trustees of the State Board of Administration.

(11) “Unit of local government” means any governmental entity within the state not part of state government and shall include, but not be limited to, the following and the officers thereof: any county, municipality, school district, special district, clerk of the circuit court, sheriff, property appraiser, tax collector, supervisor of elections, authority, board, public corporations, or any other political subdivision of the state.

History.—s. 1, ch. 77-394; s. 4, ch. 87-239; s. 1178, ch. 95-147; s. 5, ch. 95-194; s. 1, ch. 97-9; s. 2, ch. 2008-59.

F.S. 218.403 on Google Scholar

F.S. 218.403 on Casetext

Amendments to 218.403

Arrestable Offenses / Crimes under Fla. Stat. 218.403

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 218.403.

Annotations, Discussions, Cases:

Cases Citing Statute 218.403

Total Results: 7

Maloy v. Seminole Cnty.

Court: Fla. Dist. Ct. App. | Date Filed: 2019-02-15T00:00:00-08:00

Citation: 264 So. 3d 370

Snippet: immediately required to meet its current expenses. See § 218.403(8), Fla. Stat. (2017). In his capacity as custodian…statutory limitations on the types of investments. §§ 218.403, 218.415, Fla. Stat. (1995). The amendment required… a unit of local government is vested." § 218.403(6), Fla. Stat. (2017). In this case, that is the

Maloy v. Seminole Cnty.

Court: Fla. Dist. Ct. App. | Date Filed: 2019-02-15T00:00:00-08:00

Citation: 264 So. 3d 370

Kane v. Robbins

Court: Fla. Dist. Ct. App. | Date Filed: 1988-04-06T00:00:00-07:00

Citation: 524 So. 2d 1048, 13 Fla. L. Weekly 860, 1988 Fla. App. LEXIS 1382, 1988 WL 28281

Snippet: 200.001(8)(c), Fla. Stat. (1985). See also section 218.403(5), Florida Statutes (1985), which appears to distinguish

Ago

Court: Fla. Att'y Gen. | Date Filed: 1986-02-18T23:53:00-08:00

Snippet: additional taxes." Section 218.401, F.S. See, ss. 218.403(3), F.S., defining "surplus funds" as…immediately needed for the purposes intended," and 218.403(5) defining "unit of local government"…1), F.S., the governing body, as defined by s. 218.403(2), F.S., must initially determine that it is in