§ 1011.31, Fla. Stat. · Part I. PREPARATION, ADOPTION, ANDIMPLEMENTATION OF BUDGETS
Current loans to Florida College System institution boards of trustees.
Text — 2026 Florida Statutes
(1) At any time the current funds on hand are insufficient to pay obligations created by a Florida College System institution board of trustees in accordance with the approved budget of the Florida College System institution, the Florida College System institution board of trustees may request approval by the Commissioner of Education of a proposal to negotiate a current loan, with provisions for the repayment of such loan during the fiscal year in which the loan is made, in order to meet these obligations.
(2) The Commissioner of Education shall approve such proposal when, in his or her opinion, the proposal is reasonable and just, the expenditure is necessary, and revenues sufficient to meet the requirements of the loan can reasonably be anticipated.
Notes and commentary — not statutory text
History
s. 630, ch. 2002-387; s. 2, ch. 2003-3; s. 168, ch. 2011-5.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=1000-1099/1011/1011.html
- Text hash
- sha256 b6b314564b90c878f42b2afa31b4eb6edfe9439cf16ce363a27a283849f39a27
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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