STATE STATUTES & CODES
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FLORIDA STATUTES AND CODES
1010.86 Administration of capital improvement and building fees trust funds.
1010.86 Administration of capital improvement and building fees trust funds.
The State Board of Education shall administer the Capital Improvement Fee Trust Fund and the Building Fee Trust Fund which include receipts from capital improvement and building student fee assessments, interest earnings, and subsidy grants. All funds, except those to be used for debt service payments, reserve requirements, and educational research centers for child development, pursuant to s. 1011.48, shall be used to fund projects appropriated by the Legislature. Projects funded pursuant to this section may be expanded by the use of supplemental funds such as grants, auxiliary enterprises, private donations, and other nonstate sources.
History. s. 598, ch. 2002-387.