Terms Used In Florida Regulations 69H-1.002

  • 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.
    (1) Premium assessments shall be paid within thirty days from date of invoice/billing, or coverage may be suspended by reasonable notice.
    (2) In the event budgeted funds are not adequate to pay all claims for the current budget year, the Division of Risk Management may submit an interim premium assessment to the agency during the fiscal year in which the deficit occurs and the additional charge will be payable on receipt of invoice.
Rulemaking Authority 284.17 FS. Law Implemented Florida Statutes § 284.01. History—New 7-29-72, Formerly 4-29.02, 4-29.002, Amended 1-7-92, 12-27-95, Formerly 4H-1.002.