§ 215.475, Fla. Stat. · Chapter 215. FINANCIAL MATTERS: GENERAL PROVISIONS
Investment policy statement.
Text — 2026 Florida Statutes
(1) In making investments for the System Trust Fund pursuant to ss. 215.44-215.53, the board shall make no investment which is not in conformance with the Florida Retirement System Defined Benefit Plan Investment Policy Statement, hereinafter referred to as “the IPS,” as developed by the executive director and approved by the board. The IPS must comply with s. 215.47(10) and include, among other items, the investment objectives of the System Trust Fund; permitted types of securities in which the board may invest; and evaluation criteria necessary to measure the investment performance of the fund. As required from time to time, the executive director of the board may present recommended changes in the IPS to the board for approval.
(2) Prior to any recommended changes in the IPS being presented to the board, the executive director of the board shall present such changes to the Investment Advisory Council for review. The council shall present the results of its review to the board prior to the board’s final approval of the IPS or changes in the IPS.
Notes and commentary — not statutory text
History
s. 3, ch. 89-299; ss. 3, 4, ch. 90-192; s. 4, ch. 93-23; s. 6, ch. 2004-71; s. 9, ch. 2023-28.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0200-0299/0215/0215.html
- Text hash
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- 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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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 215.44, Fla. Stat.Board of Administration; powers and duties in relation to investment of trust funds.Printed as ss. 215.44-215.53
- § 215.47, Fla. Stat.Investments; authorized securities; loan of securities.Printed as s. 215.47(10)
- § 215.53, Fla. Stat.Powers of existing officers and boards, the judicial branch, and agencies not affected.Printed as ss. 215.44-215.53
Cited by 4 provisions
Provisions in this library whose text cites § 215.475, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 215.47, Fla. Stat.Investments; authorized securities; loan of securities.Printed as s. 215.475
- § 215.4725, Fla. Stat.Prohibited investments; companies and other entities that boycott Israel.Printed as s. 215.475
- § 215.473, Fla. Stat.Divestiture by the State Board of Administration; Sudan; Iran.Printed as s. 215.475
- § 215.4735, Fla. Stat.Prohibited foreign investments.Printed as s. 215.475
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.