Florida Statutes 288.7771 – Annual report of Florida Export Finance Corporation
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Terms Used In Florida Statutes 288.7771
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Department: means the Department of Economic Opportunity. See Florida Statutes 288.005
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The corporation shall annually prepare and submit to the department for inclusion in its annual report required under s. 20.60 a complete and detailed report setting forth:
(1) The report required in s. 288.776(3).
(2) Its assets and liabilities at the end of its most recent fiscal year.