For any municipality, chapter plan, local law municipality, or local law plan under this chapter, actuarial deficits, if any, arising under this chapter are not the obligation of the state.
Fla. Stat. § 185.04
Actuarial deficits not state obligations
Known as the Marvin B. Clayton Police Officers Pension Trust Fund Act
The act spans §§ 185–185 (38 sections).
History.--s. 1b, ch. 28230, 1953; s. 44, ch. 99-1.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.