Florida Regulations 19B-15.001: Florida Prepaid College Foundation, Inc.; Requirements; Use of Board Property
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(1) The Florida Prepaid College Foundation, Inc., a not-for-profit corporation established pursuant to Florida Statutes § 1009.983, shall:
(a) Submit its articles of incorporation and by-laws to the Board annually for approval.
(b) Promptly notify the Board of any amendments to the Foundation’s articles of incorporation and by-laws.
(c) Submit its annual budget to the Board not later than May 31 of each year.
(d) Contract with an independent certified public accounting firm for an annual financial and compliance audit of the financial accounts and records of the Foundation.
(e) Establish a fiscal year that will begin on July 1 of each year and end on June 30 of the following year.
(f) Disclose the material provisions of the contract between the Foundation and the Board to donors of gifts, contributions and bequests to the Foundation and in all promotional and fundraising publications of the Foundation
(g) With the exception of those public records described in Sections 1009.98(6), 1009.981(6) and 1009.983, F.S., allow inspection and copying of all other documents, papers, letters or other records of the Foundation that are made or received in conjunction with the business of the Foundation in accordance with the requirements of the Florida Public Records Law, Florida Statutes § 119.07
(h) Allow the Board, its employees or designees, or other state agencies as provided by law to audit the Foundation upon reasonable notice at the Foundation’s offices during normal business hours.
(2) To be eligible to use the Board’s property (except money), facilities and personal services, the Foundation shall:
(a) Provide equal employment opportunities to all persons, regardless of race, color, religion, sex, age or national origin.
(b) Make a written request to the Executive Director of the Board specifying the property, facilities and personal services which the Foundation requests that it be allowed to use.
(c) Operate under a written contract with the Board.
Rulemaking Authority 1009.971(1), (4), (6), 1009.983(6) FS. Law Implemented Florida Statutes § 1009.983. History-New 10-9-01.
Terms Used In Florida Regulations 19B-15.001
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Promptly notify the Board of any amendments to the Foundation’s articles of incorporation and by-laws.
(c) Submit its annual budget to the Board not later than May 31 of each year.
(d) Contract with an independent certified public accounting firm for an annual financial and compliance audit of the financial accounts and records of the Foundation.
(e) Establish a fiscal year that will begin on July 1 of each year and end on June 30 of the following year.
(f) Disclose the material provisions of the contract between the Foundation and the Board to donors of gifts, contributions and bequests to the Foundation and in all promotional and fundraising publications of the Foundation
(g) With the exception of those public records described in Sections 1009.98(6), 1009.981(6) and 1009.983, F.S., allow inspection and copying of all other documents, papers, letters or other records of the Foundation that are made or received in conjunction with the business of the Foundation in accordance with the requirements of the Florida Public Records Law, Florida Statutes § 119.07
(h) Allow the Board, its employees or designees, or other state agencies as provided by law to audit the Foundation upon reasonable notice at the Foundation’s offices during normal business hours.
(2) To be eligible to use the Board’s property (except money), facilities and personal services, the Foundation shall:
(a) Provide equal employment opportunities to all persons, regardless of race, color, religion, sex, age or national origin.
(b) Make a written request to the Executive Director of the Board specifying the property, facilities and personal services which the Foundation requests that it be allowed to use.
(c) Operate under a written contract with the Board.
Rulemaking Authority 1009.971(1), (4), (6), 1009.983(6) FS. Law Implemented Florida Statutes § 1009.983. History-New 10-9-01.