2011 Florida Statutes 338.241 – Cash reserve requirement
Current as of: 2011 | Check for updates
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The budget for the turnpike system shall be so planned as to provide for a cash reserve at the end of each fiscal year of not less than 5 percent of the unpaid balance of all turnpike system contractual obligations, excluding bond obligations, to be paid from revenues.
s. 3, ch. 63-257; s. 1, ch. 65-158; ss. 2, 3, ch. 67-371