19-4.0082. Reporting of Debt Service Accounts

The Executive Director shall report to the Board by March 15th of each year as to the status of all debt service accounts for bonds issued pursuant to Chapter 215, F.S. In the event there is a projected need to appropriate funds to honor the pledges of Full Faith and Credit of the State, the Executive Director shall also prepare a report for the Board for delivery to the Legislature which shall include the estimated amount of appropriations needed, the estimated maximum amount of appropriations needed, and a contingency appropriations request for each bond issue.