1012.885 Remuneration of 1community college presidents; limitations. - Florida Statutes

1012.885 Remuneration of 1community college presidents; limitations.

   (1) DEFINITIONS. As used in this section, the term:

   (a) “Appropriated state funds” means funds appropriated from the General Revenue Fund or funds appropriated from state trust funds.

   (b) “Cash-equivalent compensation” means any benefit that may be assigned an equivalent cash value.

   (c) “Remuneration” means salary, bonuses, and cash-equivalent compensation paid to a 1community college president by his or her employer for work performed, excluding health insurance benefits and retirement benefits.

   (2) LIMITATION ON COMPENSATION. Notwithstanding any other law, resolution, or rule to the contrary, a 1community college president may not receive more than $225,000 in remuneration annually from appropriated state funds. Only compensation, as defined in s. 121.021(22), provided to a 1community college president may be used in calculating benefits under chapter 121.

   (3) EXCEPTIONS. This section does not prohibit any party from providing cash or cash-equivalent compensation from funds that are not appropriated state funds to a 1community college president in excess of the limit in subsection (2). If a party is unable or unwilling to fulfill an obligation to provide cash or cash-equivalent compensation to a 1community college president as permitted under this subsection, appropriated state funds may not be used to fulfill such obligation.

History. s. 28, ch. 2010-155.

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Note. Section 21, ch. 2010-70, directs the Division of Statutory Revision to prepare a reviser’s bill to substitute the term “Florida College System institution” for the terms “Florida college,” “community college,” and “junior college” where those terms appear in the Florida K-20 Education Code.