Fla. Admin. Code Ann. R. 6E-4.003 - Institutional Assessment Trust Fund

(1) To implement the Institutional Assessment Trust Fund as established by Section 1010.83, F.S., the Commission shall be responsible for authorizing the expenditure of funds consisting of the fees, fines, and other receipts of money collected from institutions under its jurisdiction. Such authorization shall be in the form of an operating budget establishing categories of expenditures consistent with the Department of Education accounting system. The operating budget shall be established by resolution of the Commission and enacted at its last regularly scheduled meeting of each fiscal year. The Commission may transfer funds among and within budget categories as necessary and desirable for the efficient and effective administration of Chapter 1005, F.S.

(2) The Commission shall establish a fee schedule to generate the funds to cover its operating budget each year. Fees and other charges may be adjusted as necessary to meet the operating expenses, pursuant to Section 1005.35(2), F.S.

Notes

Fla. Admin. Code Ann. R. 6E-4.003

Rulemaking Authority 1005.22(1)(e) FS. Law Implemented 1005.22(1)(e), 1005.35, 1010.83 FS.

New 1-7-03.

New 1-7-03.