Florida Administrative Code

(1) The State Board of Administration of Florida ("SBA") is responsible for establishing, implementing, and administering the defined contribution program, known as the "Florida Retirement System Investment Plan" or "Investment Plan," in accordance with Section 121.4501(1), F.S. …

(1) The Division of Retirement (Division) within the Department of Management Services provides the following administrative services, in accordance with Section 121.4501(8)(a)1., F.S.: (a) Determine membership eligibility and employer participation eligibility; (b) Collect and p…

All Florida Retirement System (FRS) participating employers have the following duties and responsibilities: Remitting all the employer and employee contributions required by Parts II and III of Chapter 121, F.S. These include the contributions for the benefit of members in the In…

(1) The Investment Plan Administrator (Administrator) provides administrative services in the operation of the Florida Retirement System (FRS) Investment Plan other than those provided by the Division of Retirement within the Department of Management Services (Division) as set fo…

Rulemaking Authority 121.4501(8), 215.52 FS. Law Implemented 112.215(4), 121.055(6)(f)2., 121.35(6)(c), 215.515 FS. History-New 10-21-04, Amended 7-12-12, Repealed 7-9-26.

Rulemaking Authority 215.5595 FS. Law Implemented 215.5595(2), (2)(c), (d), (e), (g) FS. History-New 2-22-07, Amended 6-3-07, 8-13-07, 11-25-07, Repealed 10-2-11.

The Executive Director, who shall act as the Board's chief administrative and investment officer, shall be selected by and serve at the pleasure of the Board. The Board has hereby delegated authority to act in the following areas to the Executive Director or his or her designee: …

The Executive Director has the responsibility and authority to organize and manage the ongoing investment activities of the Board. The Executive Director is responsible for implementing approved investment objectives, policies and strategies. All Investment Policy Statements shal…

Rulemaking Authority 120.533(1) FS. Law Implemented 120.53(4) FS. History-New 4-23-92, Repealed 10-15-13.

Rulemaking Authority 120.533(1)(j) FS. Law Implemented Chapter 91-30, Section 10, Laws of Florida. History-New 4-23-92, Amended 3-24-96, 10-15-13, Repealed 6-25-26.

Rulemaking Authority 120.533(1)(b), (i), (j) FS. Law Implemented 120.53(2) FS. History-New 4-23-92, Repealed 10-15-13.

Rulemaking Authority 215.52 FS. Law Implemented 215.44, 215.45, 215.47 FS. History-New 2-10-82, Formerly 19-4.011, Amended 12-18-88, Repealed 6-8-14.

As used in this chapter, the following words will have the following meanings, unless some other meaning is plainly indicated: (1) Strategy - Strategy consists of determining the appropriate risk-return tradeoffs for the total fund in light of the investment objectives. (2) Fund …

(1) The Fund shall be invested pursuant to the provisions set forth in the Florida Statutes, including but not limited to Sections 215.47 and 215.44, F.S. The Board shall approve an Investment Policy Statement which includes, among other items, the investment objectives of the Fu…

Rulemaking Authority 212.52 FS. Law Implemented 215.475 FS. History-New 6-8-14, Amended 2-18-16, 12-9-25, Repealed 6-25-26.

Rulemaking Authority 215.52 FS. Law Implemented 215.44, 215.45, 215.47 FS. History-New 2-10-82, Amended 9-27-83, 12-25-85, Formerly 19-4.041, Amended 12-14-86, Repealed 6-8-14.

Rulemaking Authority 215.52 FS. Law Implemented 215.47(5) FS. History-New 12-10-87, Repealed 6-8-14.

Rulemaking Authority 215.52 FS. Law Implemented 215.47(6) FS. History-New 12-20-87, Amended 12-11-89, Repealed 6-8-14.

Rulemaking Authority 215.52 FS. Law Implemented 215.44, 215.45, 215.47 FS. History-New 2-10-82, Amended 12-25-85, Formerly 19-4.051, Repealed 6-8-14.

Rulemaking Authority 215.52 FS. Law Implemented 215.44, 215.45, 215.47 FS. History-New 2-10-82, Amended 12-25-85, Formerly 19-4.06, Amended 12-18-88, Repealed 6-8-14.

Rulemaking Authority 215.52 FS. Law Implemented 215.47(2)(i) FS. History-New 11-9-83, Formerly 19-4.08, Amended 12-25-85, Formerly 19-4.071, Amended 12-18-88, 5-16-90, Repealed 6-8-14.

(1) Investments and the maturities of those investments for debt service sinking funds, including those reserve funds in excess of the current or next ensuing year's principal and interest payment, shall be managed consistent with the provisions of the authorizing bond resolution…

The Executive Director shall report to the Board by March 15th of each year as to the status of all debt service accounts for bonds issued pursuant to Chapter 215, F.S. In the event there is a projected need to appropriate funds to honor the pledges of Full Faith and Credit of th…

(1) Bonds of any governmental unit may be sold at an interest rate in excess of the maximum set by law, only if application has been made to the State Board of Administration and authority is granted to the governmental unit by the Board pursuant to Section 215.84, F.S., in the c…

Rulemaking Authority 159.825(3), 215.84(5) FS. Law Implemented 159.825, 215.84 FS. History-New 10-23-75, Repealed and Readopted 10-14-80, Amended 12-25-85, Formerly 19-5.011, Amended 12-10-87, 11-19-92, Repealed 10-15-13.

Rulemaking Authority 159.825(3), 215.84(5) FS. Law Implemented 215.84 FS. History-New 10-23-75, Amended 9-29-76, Repealed and Readopted 10-14-80, Formerly 19-5.02, Repealed 10-15-13.

Rulemaking Authority 159.825(3), 215.84(5) FS. Law Implemented 215.84 FS. History-New 10-23-75, Repealed and Readopted 10-14-80, Amended 2-10-82, Formerly 19-5.03, Repealed 10-15-13.

Rulemaking Authority 159.825(3), 215.84(5) FS. Law Implemented 215.84 FS. History-New 10-23-75, Repealed and Readopted 10-14-80, Formerly 19-5.04, Repealed 10-15-13.

Rulemaking Authority 159.825(3), 215.84(5) FS. Law Implemented 159.825, 215.84 FS. History-New 10-23-75, Repealed and Readopted 10-14-80, Formerly 19-5.05, Amended 12-10-87, Repealed 10-15-13.

Rulemaking Authority 218.405, 218.412 FS. Law Implemented Chapter 218, Part IV FS. History-New 8-24-82, Formerly 19-7.01, Amended 3-26-02, Repealed 4-11-12.

Rulemaking Authority 218.405(4), 218.412, 218.421(1) FS. Law Implemented 218.405(1), (2), (3), (4), 218.409(2), (9), 218.415(17) FS. History-New 12-13-09, Amended 4-11-12, 1-18-14, 11-20-14, 2-18-16, 2-9-17, 2-12-18, 2-19-19, 4-8-20, 12-8-25, Repealed 6-25-26.

Rulemaking Authority 218.405, 218.412 FS. Law Implemented Chapter 218, Part IV FS. History-New 8-24-82, Formerly 19-7.10, Amended 3-26-02, 9-5-10, Repealed 10-6-15.

The Rate of Return for the Local Government Surplus Funds Trust Fund shall be calculated in accordance with the yield methodology set forth by the Securities and Exchange Commission (SEC) Rule 2a-7 (17 CFR §270.2a-7) under the Investment Company Act of 1940 for money market funds…

Rulemaking Authority 218.405, 218.412 FS. Law Implemented 218.407(2), 218.409(1), (3) FS. History-New 8-24-82, Formerly 19-7.12, Amended 12-20-87, 2-16-92, 3-26-02, Repealed 9-5-10.

The State Board of Administration shall generate for each Pool participant a monthly statement containing each account's activity including deposits, withdrawals, balances, and earnings. If no errors are reported to the Board within 14 days, the statement will be considered corre…

Rulemaking Authority 218.405, 218.412 FS. Law Implemented 218.409(5) FS. History-New 8-24-82, Formerly 19-7.14, Amended 12-2-93, 3-26-02, Repealed 1-28-14.

The Local Government Surplus Funds Trust Fund System is used to keep current account balance information for individual accounts participating in the pooled investment account and to apportion the pooled investment earnings back to each account. At the end of each month, pool mon…

Any requests for funds to be returned or notification of funds to be wired for investment after 1:00 p.m. (EST) may be included in the following day's business. In the event that the Board is informed by 1:00 p.m. (EST) of a deposit for investment that day, and the funds are not …

Rulemaking Authority 218.405, 218.412 FS. Law Implemented 218.409(3) FS. History-New 8-17-92, Amended 3-26-02, Repealed 9-5-10.

Rulemaking Authority 120.53(1), 215.555 FS. Law Implemented 215.555 FS. History-New 5-31-94, Repealed 10-2-11.

(1)(a) The reimbursement contract for the 2026-2027 contract year, http://flrules.org/Gateway/reference.asp?No=ref-18682, including all Amendments and Addenda, required by Section 215.555(4), F.S., which is called Form FHCF-2026K-"Reimbursement Contract" or "Contract" between (na…

(1) Purpose. The purpose of this rule is to establish procedures to determine ineligibility for participation in the Florida Hurricane Catastrophe Fund (FHCF) and to establish procedures to determine whether an insurer may be exempted from subsections (4) and (5) of Section 215.5…

(1) Purpose. This rule establishes the SBA policy regarding the issuance of revenue bonds pursuant to Section 215.555(6), F.S. The rule provides definitions; interprets certain terms in Section 215.555, F.S.; establishes factors for determining when to issue revenue bonds, the am…

Rulemaking Authority 215.555(3) FS. Law Implemented 215.555 FS. History-New 11-12-95, Repealed 7-3-11.

Rulemaking Authority 215.555(3) FS. Law Implemented 215.555(5) FS. History-New 11-12-95, Repealed 7-3-11.

Rulemaking Authority 215.555(3) FS. Law Implemented 215.555 FS. History-New 11-12-95, Repealed 7-3-11.

Rulemaking Authority 215.555(3) FS. Law Implemented 215.555 FS. History-New 8-6-96, Repealed 7-3-11.