When the Chief Financial Officer has determined that a default or insolvency has occurred, any loss to public depositors shall be governed by Florida Statutes § 280.08 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 Florida Statutes § 280.08(3), shall be computed to six decimal places.
Rulemaking Authority 280.04(9), 280.19 FS. Law Implemented 280.08(3) FS. History-New 6-28-88, Amended 1-23-91, 7-12-92, Formerly 4C-2.021.