§ 663.316, Fla. Stat. · Part II. INTERNATIONAL DEVELOPMENT BANKS
Borrowing; capital accounts.
Text — 2026 Florida Statutes
(1) An international development bank may borrow money and issue evidences of indebtedness in connection therewith.
(2) An international development bank shall have capital accounts in an amount equal to not less than 8 percent of its aggregate deposits. However, the commission by rule may increase the required amount of capital accounts to not more than 10 percent of such aggregate deposits. When adopting any such rule, the commission shall take into account the objective of protecting the interests of depositors and of maintaining a sound banking system in this state.
Notes and commentary — not statutory text
History
ss. 1, 5, ch. 86-82; s. 7, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1854, ch. 2003-261.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0663/0663.html
- Text hash
- sha256 d42ff326dc7c57fc8a499c90024793ae313cc983ddcac45042989502e4cd4354
- 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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Cited by 2 provisions
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