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Florida Statute 218.405 - Full Text and Legal Analysis
Florida Statute 218.405 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 218.405 Case Law from Google Scholar Google Search for Amendments to 218.405

The 2025 Florida Statutes

Title XIV
TAXATION AND FINANCE
Chapter 218
FINANCIAL MATTERS PERTAINING TO POLITICAL SUBDIVISIONS
View Entire Chapter
F.S. 218.405
218.405 Local Government Surplus Funds Trust Fund; creation; objectives; certification; interest; rulemaking.
(1) There is hereby created a Local Government Surplus Funds Trust Fund to be administered by the board and to be composed of local government surplus funds deposited therein by units of local government under the procedures established in this part. The board may contract with a professional money management firm to manage the trust fund.
(2) The primary objectives, in priority order, of investment activities shall be safety, liquidity, and competitive returns with minimization of risks.
(3) The trustees shall annually certify to the Joint Legislative Auditing Committee that the trust fund is in compliance with the requirements of this part and that the trustees have conducted a review of the trust fund and determined that the management of the trust fund is in accord with best investment practices.
(4) The board may adopt rules to administer the provisions of this section.
History.s. 1, ch. 77-394; s. 3, ch. 98-124; s. 3, ch. 2008-59.

F.S. 218.405 on Google Scholar

F.S. 218.405 on CourtListener

Amendments to 218.405


Annotations, Discussions, Cases:

Cases Citing Statute 218.405

Total Results: 2

Ago

Florida Attorney General Reports | Filed: Nov 22, 1994 | Docket: 3257748

Published

Government Surplus Funds Trust Fund created by section 218.405, Florida Statutes; in United States Government

Ago

Florida Attorney General Reports | Filed: Feb 19, 1986 | Docket: 3255935

Published

of the state." (e.s.) Cf., s. 1.01(9), F.S. Section 218.405, F.S., creates the Local Government Surplus