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Fla. Stat. § 255.511

Factors to be considered in establishing rental rates

Known as the Florida Building and Facilities Act

The act spans §§ 255–255 (89 sections).

History.--s. 13, ch. 85-349; s. 31, ch. 98-279.

(1) The Department of Management Services shall prepare a complete annual budget for debt service on obligations issued under this act and for capital depreciation reserve deposits and expenses included in the operation and maintenance of each facility in the pool.

(2) The amount included in the budget for capital depreciation reserve deposits shall be an appropriate amount determined in accordance with generally accepted governmental accounting principles, for economic obsolescence and depreciation of each facility in the pool.

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.