Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69C - Division of Treasury
Chapter 69C-2 - PROCEDURES FOR ADMINISTERING THE FLORIDA SECURITY FOR PUBLIC DEPOSITS ACT
Section 69C-2.021 - Assessment Calculation
Universal Citation: FL Admin Code R 69C-2.021
Current through Reg. 50, No. 187; September 24, 2024
When the Chief Financial Officer has determined that a default or insolvency has occurred, any loss to public depositors shall be governed by section 280.08, F.S. Any assessment levied against other Qualified Public Depositories will be based on public deposits held before deducting deposit insurance. The assessment ratio calculation established by section 280.08(3), F.S., shall be computed to six decimal places.
Rulemaking Authority 280.04(9), 280.19 FS. Law Implemented 280.08(3) FS.
New 6-28-88, Amended 1-23-91, 7-12-92, Formerly 4C-2.021.
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