It is the intent of this part to promote, through state assistance, the maximization of net interest earnings on invested surplus funds of local units of government, based on the principles of investor protection, mandated transparency, and proper governance, with the goal of reducing the need for imposing additional taxes.
Fla. Stat. § 218.401
Purpose
Known as the Investment of Local Government Surplus Funds Act
The act spans §§ 218–218 (9 sections).
History.--s. 1, ch. 77-394; s. 1, ch. 2008-59; s. 38, ch. 2019-3.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.