Fla. Admin. Code Ann. R. 6A-1.038 - Funding and Refunding of School District Indebtedness
(1) When any unfunded or delinquent
indebtedness exists against the district general school fund or when any other
type of unfunded, legally-incurred school indebtedness exists, it shall be the
duty of the superintendent to prepare and the school board to approve a plan
for retiring this indebtedness in accordance with the provisions of Section
1011.16, F.S., and to submit
such a plan to the Commissioner for consideration.
(2) It shall be the duty of the Commissioner
to assist and cooperate with the superintendent and school board in any
district in which any unfunded or delinquent indebtedness exists, making
recommedations regarding the plan, including determining funds necessary to
operate and determining what remaining funds are available to retire debt and
proposing any necessary modifications to the plan.
(3) The district school board shall not
attempt to retire any such debt until the Commissioner has proposed
recommendations.
Notes
Rulemaking Authority 1001.02(1), 1011.16 FS. Law Implemented 1011.16 FS.
New 2-18-74, Repromulgated 12-5-74, Amended 9-6-78, Formerly 6A-1.38, Amended 12-20-11.
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