Florida Statute 219.075 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 219
COUNTY PUBLIC MONEY, HANDLING BY STATE AND COUNTY

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F.S. 219.075

219.075 Investment of surplus funds by county officers.—

(1)(a) Except when another procedure is prescribed by law or by ordinance as to particular funds, a tax collector or any other county officer having, receiving, or collecting any money, either for his or her office or on behalf of and subject to subsequent distribution to another officer of state or local government, while such money is in excess of that required to meet current expenses or is pending distribution, shall invest such money, without limitation, as provided in s. 218.415.

(b) These investments shall be planned so as not to slow the normal distribution of the subject funds. The investment earnings shall be reasonably apportioned and allocated and shall be credited to the account of, and paid to, the office or distributee, together with the principal on which such earnings accrued.

(c) This section does not apply to the clerk of the circuit court with respect to money collected as part of the clerk’s court-related functions. The clerk, however, shall remit this money as provided under s. 28.245.

(2) Except when another procedure is prescribed by law, ordinance, or court order as to particular funds, the tax collector shall, as soon as feasible after collection, deposit in a bank designated as a depository of public funds, as provided in s. 658.60, all taxes, fees, and other collections received by him or her and held prior to distribution to the appropriate taxing authority. Immediately after such funds have cleared and have been properly credited to the tax collector’s account, the tax collector shall invest such funds according to the provisions of s. 218.415. The earnings from such investments shall be apportioned at least quarterly on a pro rata basis to the appropriate taxing authorities. However, the tax collector may deduct therefrom such reasonable amounts as are necessary to provide for costs of administration of such investments and deposits.

(3) The State Board of Administration may establish a schedule and guidelines to be followed by tax collectors making deposits under the provisions of subsection (2).

History.—s. 1, ch. 75-110; s. 1, ch. 77-174; s. 3, ch. 77-394; s. 6, ch. 79-262; s. 148, ch. 80-260; s. 6, ch. 88-171; s. 7, ch. 94-332; s. 1516, ch. 95-147; s. 6, ch. 95-194; s. 9, ch. 2000-264; s. 46, ch. 2005-236.

Note.—Former s. 125.315.

F.S. 219.075 on Google Scholar

F.S. 219.075 on Casetext

Amendments to 219.075

Arrestable Offenses / Crimes under Fla. Stat. 219.075

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 219.075.

Annotations, Discussions, Cases:

Cases Citing Statute 219.075

Total Results: 11

Maloy v. Seminole Cnty.

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

Citation: 264 So. 3d 370

Snippet: . 264, § 3, eff. Oct. 1, 2000." Section 219.075(1)(a), Florida Statutes (2017), requires that all…his own surplus funds under his control. Cf. § 219.075(1)(c), Fla. Stat. (2017) (expressly excluding funds

Maloy v. Seminole Cnty.

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

Citation: 264 So. 3d 370

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Court: Fla. Att'y Gen. | Date Filed: 1994-04-28T00:53:00-07:00

Snippet: 1979). 4 329 So.2d at 318, 320. 5 See, section 219.075(1)(b), Fla. Stat. (1993), providing that the interest

Napolitano v. Security First Federal Savings & Loan Ass'n

Court: Fla. Dist. Ct. App. | Date Filed: 1988-11-23T00:00:00-08:00

Citation: 533 So. 2d 948, 13 Fla. L. Weekly 2566, 1988 Fla. App. LEXIS 5126

Snippet: account by Security First and a disbursement of $4,219.75 was made to Lloyd Construction as draw number 4

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Court: Fla. Att'y Gen. | Date Filed: 1983-01-31T23:53:00-08:00

Snippet: the state, they may fall within the purview of s 219.075, F.S. However, under the provisions of that statute…the state, they may fall within the purview of s 219.075, F.S.; however, any investment earnings on such

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Court: Fla. Att'y Gen. | Date Filed: 1982-09-23T00:53:00-07:00

Snippet: officers. See, e.g., ss219.01-219.05, F.S. Section 219.075, F.S., specifically provides for the investment…subject to investment by the sheriff pursuant to s 219.075. Nor am I aware of any statutory provision which

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Court: Fla. Att'y Gen. | Date Filed: 1982-04-30T00:53:00-07:00

Snippet: distributee), together with the principal, pursuant to s 219.075, F.S. In the case of Alachua County v. Powers,

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Court: Fla. Att'y Gen. | Date Filed: 1981-11-17T23:53:00-08:00

Snippet: Sheriffs Association QUESTION: Pursuant to s. 219.075, F.S. (1980 Supp.), may a sheriff's office …a commercial investment firm? SUMMARY: Section 219.075, F.S. (1980 Supp.), does not authorize a sheriff…inquire as to whether a sheriff is authorized by s. 219.075, F.S. (1980 Supp.), to invest his office's … interest from `fund' investments. Section 219.075, F.S. (1980 Supp.), provides in pertinent part:…three different types of investments. First, s. 219.075 authorizes any county officer having surplus funds

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Court: Fla. Att'y Gen. | Date Filed: 1981-04-19T23:53:00-08:00

Snippet: 19 So. 170 (Fla. 1896). See also AGO's 073-219; 075-13; 077-120 and s. 215.34, F.S. In conjunction

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Court: Fla. Att'y Gen. | Date Filed: 1979-04-01T23:53:00-08:00

Snippet: , deposited the same in his office account, s. 219.075, F. S., and, prior to the check's having cleared…accordingly. (Emphasis supplied.) Additionally, s. 219.075(2), F. S., provides: Except when another procedure… in the response to question 2. Pursuant to s. 219.075(2), F. S., any checks received in payment of county

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Court: Fla. Att'y Gen. | Date Filed: 1978-12-21T23:53:00-08:00

Snippet: banks or in savings and loan associations. Section 219.075, F. S., requires that, except as otherwise provided…Section 2, Ch. 77-394, Laws of Florida, amended s. 219.075, F. S., by changing the statutorily enacted investment…statutory context or the legislative history of s. 219.075, F. S. Moreover, the title of Ch. 77-394 specifically…associations of `surplus funds,' as defined by s. 219.075, F. S., either in this section or any other chapter