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

The 2024 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 Casetext

Amendments to 218.405


Arrestable Offenses / Crimes under Fla. Stat. 218.405
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 218.405.

Annotations, Discussions, Cases:

Cases Citing Statute 218.405

Total Results: 6

Ago

Court: Florida Attorney General Reports | Date Filed: 1994-11-22

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

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Court: Florida Attorney General Reports | Date Filed: 1991-06-10

Snippet: Government Surplus Funds Trust Fund, as created by s. 218.405; (b) Negotiable direct obligations of, or obligations

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Court: Florida Attorney General Reports | Date Filed: 1986-02-19

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

Ago

Court: Florida Attorney General Reports | Date Filed: 1983-09-20

Snippet: Fund created by Ch. 77-394, now codified as s 218.405, F.S. As enacted by Ch. 77-394, s 166.261(6), F

Ago

Court: Florida Attorney General Reports | Date Filed: 1981-11-18

Snippet: Government Surplus Funds Trust Fund, as created by s. 218.405; 2. Bonds, notes, or other obligations of

Ago

Court: Florida Attorney General Reports | Date Filed: 1978-12-22

Snippet: Government Surplus Funds Trust Fund, as created by s. 218.405, or in bonds, notes, or other obligations of the