Fla. Admin. Code Ann. R. 28-40.002 - Definitions
As used in this rule:
(1) Agency which holds educational loans. Any
agency of the State or its political subdivisions which is the obligee or
assignee of an educational loan.
(2) Default. The failure of a borrower to
make an installment payment when due, or to meet other terms of an educational
loan provided that this failure persists for:
(a) 180 days for a loan repayable in monthly
installments; or
(b) 240 days for a
loan repayable in less frequent installments.
(3) Educational Loan. A loan made or
guaranteed by the State or any of its political subdivisions for the purpose of
providing a student or parent borrower with financial assistance for the
beneficiary to pursue an education. As used in the rule chapter, the term
"educational loan" includes, but is not limited to, loans authorized pursuant
to Title IV, Part B of the Higher Education Act of 1965, as amended (20 U.S.C. 1071, et seq.), and loans, scholarship loans and fellowship loans authorized
pursuant to Chapter 240, Part IV, F.S.
(4) Employee. Any elected or appointed
official or any person employed by the State or any of its political
subdivisions.
(5) Employer. Any
employing agency of the State or of its political subdivisions.
(6) Pay. Total wages or compensation of an
employee excluding payments for overtime.
(7) Political subdivision. Any county,
municipality, special district, district school board, community college, or
other government entity except agencies of the federal government.
(8) Annual Leave. Authorized leave of absence
with pay granted an employee for vacation or other personal purposes.
(9) Sick Leave. Authorized leave of absence
with pay granted an employee for the employee's personal illness and injury or
for the illness or injury of a member of an employee's immediate family when
the employee's presence with the family member is
necessary.
Notes
Rulemaking Authority 112.175(2) FS. Law Implemented 112.175(2) FS.
New 5-27-90.
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