Florida Statutes 284.03 – Deficits in fund supplied from General Revenue Fund; repayment
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 284.03
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Should a loss occur upon property insured in the State Risk Management Trust Fund that would require more funds, to pay the amount of any loss covered by insurance in said fund, than are at that time available in said fund, in that event there is appropriated out of any funds in the General Revenue Fund not otherwise appropriated a sum which, added to the sum then available in the State Risk Management Trust Fund, shall be sufficient to pay the amount of the covered loss. In the event any funds shall be paid out of the General Revenue Fund under this provision, such amounts so paid out of the General Revenue Fund shall be returned to it out of the first available assets of the State Risk Management Trust Fund after paying any necessary expenses as provided in s. 284.02(2) and (3).