13396881, 19-3.016 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 13396881

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

RULES AND REGULATIONS GOVERNING THE ORGANIZATION, MEETINGS, AND PROCEDURES OF THE STATE BOARD OF ADMINISTRATION

Overview

RULE:

19-3.016	Executive Director
19-3.0161	Investment Responsibilities of the Executive Director
19-3.099	Plan

PURPOSE:

Amendments are being proposed to Rule Chapter 19-3, F.A.C., which are designed to update current provisions for clarification purposes. Rule 19-3.016 is being amended to provide that the Executive Director may make final decisions on personnel matters; may issue declaratory statements; may execute, or delegate the authority to execute, final orders issued pursuant to Chapter 120, Florida Statutes; may initiate rule development; and may adopt, implement, modify and terminate internal procedures, policies and guidelines.  
Amendments are being made to Rule 19-3.0161 to make it clear, as required by law, that Investment Policy Statements must be submitted both to the Investment Advisory Council and the Board of Trustees of the SBA. Amendments are being made to Rule 19-3.099 to clarify that Final Orders are to be obtained from the Agency Clerk of the State Board of Administration, and that the charge for such orders is no more than cost.

SUMMARY:

The amendments serve as informational updates regarding the authority delegated to the SBA's Executive Director & CIO, the procedures for approval of Investment Policy Statements, and how final orders may be obtained and the cost thereof. Statutory citations also are being updated.  There are no other rules incorporating the amended rules.  These rules do not have an imapct on any other rules.

RULEMAKING AUTHORITY:

120.533(1)(j), 215.52, 215.62(5), 215.835, 215.84(5), 216.345(3), 218.412 FS.

LAW:

112.061, 215.44, 215.441, 215.45, 215.47, 215.475, 215.515, 215.52, 215.69, 215.84, 216.345, 218.409 FS.

PRINT PUBLISH DATE:

8/19/2013 Vol. 39/161

COMMENTS:

From 8/19/2013 To 9/9/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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