A person or entity that is designated by the General Appropriations Act, or that is awarded funding on a noncompetitive basis, to provide services for which funds are appropriated by that act may not receive a rate of payment in excess of the competitive prevailing rate for those services unless expressly authorized in the General Appropriations Act. Each agency shall maintain records to support a cost analysis, which includes a detailed budget submitted by the person or entity awarded funding and the agency’s documented review of individual cost elements from the submitted budget for allowability, reasonableness, and necessity.
Fla. Stat. § 216.3475
Maximum rate of payment for services funded under General Appropriations Act or awarded on a noncompetitive basis
Known as the Capital Facilities Planning and Budgeting Act
The act spans §§ 216–216 (77 sections).
History.--s. 28, ch. 91-109; s. 9, ch. 2010-151.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.