Crosswords

F.S POSTSECONDARY EDUCATION Ch Postsecondary education programs of excellence. cation.-

Categories
Published
of 20
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Description
F.S POSTSECONDARY EDUCATION Ch. 240 of any fiscal period may be used during any succeeding period pursuant to this section. (5) The Florida High Technology and Industry Council shall recommend financial
Transcript
F.S POSTSECONDARY EDUCATION Ch. 240 of any fiscal period may be used during any succeeding period pursuant to this section. (5) The Florida High Technology and Industry Council shall recommend financial support for research programs in advanced technology from the Advanced Technology Fund. Funds may be allocated for the purchase of equipment and fixtures, employment of faculty and support staff, provision of fellowships, and other purposes approved by the council and the university. No such funds shall be used for capital construction. Each designated research program shall match its allocation from the fund with an amount at least equal to the allocation from private or public, nonstate funds. (6) The Board of Regents may allocate moneys from the Advanced Technology Fund to universities or university-affiliated research agencies for the purpose of planning and program development for future designation as research programs in advanced technology. Such moneys shall be awarded based on the same application process as used in the designation of research programs and shall be awarded only to universities and institutions whose evaluations yield a reasonable expectation of future research program priority designation. No applicant shall receive more than one award per fiscal year pursuant to this subsection. (7) No university or university-affiliated program shall derive overhead from moneys awarded through the Advanced Technology Fund. History.-s. 7, ch Incubator facilities program.- (1) Each research and development park established pursuant toss may provide incubator facilities to eligible small business concerns. As used in this section, small business concern shall be defined as an independently owned and operated business concern incorporated in Florida which is not an affiliate or a subsidiary of a business dominant in its field of operation and which employs 25 or fewer full-time employees. Incubator facility shall be defined as a facility in which small business concerns share common space, equipment, and support personnel and through which such concerns have access to professional consultants for advice related to the technical and business aspects of conducting a commercial enterprise. The park authority shall authorize concerns for inclusion in the incubator facility. (2) Each research and development park authority that provides an incubator facility shall provide the fol lowing: (a) Management and maintenance of the incubator facility; (b) Secretarial and other support personnel, equipment, and utilities; and (c) Mechanisms to assist with the acquisition of technical, management, and entrepreneurial expertise to resident and other local small business concerns. (3) The incubator facility and any improvements to the facility shall be owned by the research and development park authority. The park authority may charge residents of the facility all or part of the cost for facilities, utilities, and support personnel and equipment. No small business concern shall reside in the incubator facility for more than 2 calendar years. The state shall not be liable for any act or failure to act of any small business concern residing in an incubator facility pursuant to this section or of any such concern benefiting from the incubator facilities program. History.- s. 8, ch Postsecondary education programs of excellence in mathematics, science, and computer edu cation.- (1) From funding provided in the General Appropriations Act, the Department of Education shall approve plans to promote excellence in mathematics,. science, and computer education. Funds shall be d1stnbuted to state universities and community colleges as provided in the General Appropriations Act to provide one or more of the following : (a) Cooperative programs involving postsecondary institutions and private industry to promote excellence in mathematics, science, and computer education. (b) Cooperative programs involving public school districts to provide enrichment experiences to public school students in mathematics, science, and computer education. (c) Training programs to enable teachers to make better use of scientific and technical equipment. (d) Instructional research grants to faculty to establish summer courses or research projects wh1ch w1ll allow more students to study engineering, mathematics, science, and computer skills (e) Encouragement of faculty upgrading whereby existing faculty are given the opportunity to update the1r training in the newest technologies and processes. (f) Joint appointments with industry whereby Industry provides full-time appointments for faculty members in coordination of full-time appointments of industry personnel to state universities and community colleges to teach engineering, computer science, mathematics, or science courses. (2) From funds provided in the General Appropriations Act, the Department of Education is authorized to award feasibility planning grants to state universities or community colleges to establish or expand centers for academically talented students in mathematics, science, and computer education in kindergarten through grade 12.. (3) From funds provided in the General Appropnations Act, the Department of Education is authorized to approve plans for the purchase and ma1ntenance of scientific and technical equipment used in mathematics, science, and computer skills education. (4) This section shall be implemented in the school year and thereafter only to the extent as specifically funded and authorized by law. History.-ss. 7, 23, ch : s. 6, ch Florida Prepaid Postsecondary Education Expense Program.-. (1) The Legislature recognizes that educational opportunity at the postsecondary level1s a cnt1cal state Interest. It further recognizes that educational opportun1ty is best ensured through the provision of postsecondary institutions that are geographically and financially accessible. Accordingly, it is the intent of the Legislature Ch. 240 POSTSECONDARY EDUCATION F.S that a program be established through which many of the costs associated with postsecondary attendance may be paid in advance and fixed at a guaranteed level for the duration of undergraduate enrollment. It is similarly the intent of the Legislature to provide a program that fosters timely financial planning for postsecondary attendance and to encourage employer participation in such planning through program contributions on behalf of employees and the dependents of employees. (2) As used in this section: (a) Advance payment contract means a contract entered into by the board and a purchaser pursuant to this section. (b) Board means the Prepaid Postsecondary Education Expense Board. (c) Fund means the Prepaid Postsecondary Education Expense Trust Fund. (d) Purchaser means a person who makes or is obligated to make advance registration or dormitory residence payments in accordance with an advance payment contract. (e) Qualified beneficiary means a resident of this state at the time a purchaser enters into an advance payment contract on behalf of the resident. (f) State postsecondary institution means any community college identified ins or university identified in s (g) Program means the Florida Prepaid Postsecondary Education Expense Program. (h) Registration fee means matriculation fee, financial aid fee, building fee, and Capital Improvement Trust Fund fee. (3) There is created a Florida Prepaid Postsecondary Education Expense Program to provide a medium through which the cost of registration and dormitory residence may be paid in advance of enrollment in a state postsecondary institution at a rate lower than the projected corresponding cost at the time of actual enrollment. Such payments shall be combined and invested in a manner that yields, at a minimum, sufficient interest to generate the difference between the prepaid amount and the cost of registration and dormitory residence at the time of actual enrollment. Students who enroll in a state postsecondary institution pursuant to this section shall be charged no fees in excess of the terms delineated in the advance payment contract. (4) There is created the Prepaid Postsecondary Education Expense Trust Fund. The fund shall consist of state appropriations, moneys acquired from other governmental or private sources, and moneys remitted in accordance with advance payment contracts. All funds deposited into the trust fund may be invested pursuant to s ; however, such investment shall not be mandatory. Interest income accruing to the trust fund shall increase the total funds available for the program. Any balance contained within the fund at the end of a fiscal year shall remain therein and shall be available for carrying out the purposes of the program. In the event that interest income exceeds the amount necessary for program administration and disbursements, the board may designate an additional percentage of the fund to serve as a contingency fund. Moneys contained within the 1752 fund shall be exempt from the investment requirements of s (5) The Florida Prepaid Postsecondary Education Expense Program shall be administered by the Prepaid Postsecondary Education Expense Board. The Prepaid Postsecondary Education Expense Board is hereby created as a body corporate with all the powers of a body corporate for the purposes delineated in this section. The board shall be assigned to and administratively housed within the Division of Treasury of the Department of Insurance, but it shall independently exercise the powers and duties specified in this section. The board shall consist of seven members to be composed of the Insurance Commissioner and Treasurer, Comptroller, Chancellor of the Board of Regents, Executive Director of the State Board of Community Colleges, and three members appointed by the Governor and subject to confirmation by the Senate. Each member appointed by the Governor shall possess knowledge, skill, and experience in the areas of accounting, actuary, risk management, or investment management. Each member of the board not appointed by the Governor may name a designee to serve the board on behalf of the member; however, any designee so named shall meet the qualifications required of gubernatorial appointees to the board. Members appointed by the Governor shall serve terms of 3 years, except that in making the initial appointments, the Governor shall appoint one member to serve for 1 year, one member to serve for 2 years, and one member to serve for 3 years. Any person appointed to fill a vacancy on the board shall be appointed in a like manner and shall serve for only the unexpired term. Any member shall be eligible for reappointment and shall serve until a successor qualifies. Members of the board shall serve without compensation, but shall be reimbursed for per diem and travel in accordance with s Each member of the board shall file a full and public disclosure of his financial interests pursuant to s. 8, Art. II of the State Constitution and corresponding statute. (a) The Governor shall appoint a member of the board to serve as the initial chairman of the board. Thereafter, the board shall elect a chairman annually. The board shall annually elect a board member to serve as vice chairman and shall designate a secretarytreasurer who need not be a member of the board. The secretary-treasurer shall keep a record of the proceedings of the board and shall be the custodian of all printed material filed with or by the board and of its official seal. Notwithstanding the existence of vacancies on the board, a majority of the members shall constitute a quorum. The board shall take no official action in the absence of a quorum. The board shall meet, at a minimum, on a quarterly basis at the call of the chairman. (b) The board shall appoint an executive director to serve as the chief administrative and operational officer of the board and to perform other duties assigned to him by the board. (c) The board shall have the powers necessary or proper to carry out the provisions of this section, including, but not limited to, the power to: 1. Adopt an official seal and bylaws. 2. Sue and be sued. F.S POSTSECONDARY EDUCATION Ch Make and execute contracts and other necessary instruments. 4. Establish agreements or other transactions with federal, state, and local agencies, including state universities and community colleges. 5. Invest funds not required for immediate disbursement. 6. Appear in its own behalf before boards, commissions, or other governmental agencies. 7. Hold, buy, and sell any instruments, obligations, securities, and property determined appropriate by the board. 8. Require a reasonable length of state residence for qualified beneficiaries. 9. Restrict the number of participants in the community college plan, university plan, and dormitory residence plan, respectively. However, any person denied participation solely on the basis of such restriction shall be granted priority for participation during the succeeding year. 10. Segregate contributions and payments to the fund into various accounts and funds. 11. Contract for necessary goods and services, employ necessary personnel, and engage the services of private consultants, actuaries, managers, legal counsel, and auditors for administrative or technical assistance. 12. Solicit and accept gifts, grants, loans, and other aids from any source or participate in any other way in any government program to carry out the purposes of this section. 13. Require and collect administrative fees and charges in connection with any transaction and impose reasonable penalties, including default, for delinquent payments or for entering into an advance payment contract on a fraudulent basis. 14. Procure insurance against any loss in connection with the property, assets, and activities of the fund or the board. 15. Impose reasonable time limits on use of the tuition benefits provided by the program. However, any such limitation shall be specified within the advance payment contract. 16. Delineate the terms and conditions under which payments may be withdrawn from the fund and impose reasonable fees and charges for such withdrawal. Such terms and conditions shall be specified within the advance payment contract. 17. Provide for the receipt of contributions in lump sums or installment payments. 18. Establish other policies, procedures, and criteria to implement and administer the provisions of this section. (d) The board shall administer the fund in a manner that is sufficiently actuarially sound to defray the obligations of the program. The board shall annually evaluate or cause to be evaluated the actuarial soundness of the fund. If the board perceives a need for additional assets in order to preserve actuarial soundness, the board may adjust the terms of subsequent advance payment contracts to ensure such soundness. (e) The board shall establish a comprehensive investment plan for the purposes of this section. The board may place assets of the fund in savings accounts 1753 or use the same to purchase fixed or variable life insurance or annuity contracts, securities, evidence of indebtedness, or other investment products pursuant to the comprehensive investment plan and in such proportions as may be designated or approved under that plan. Such insurance, annuity, savings, or investment products shall be underwritten and offered in compliance with the applicable federal and state laws, regulations, and rules by persons who are duly authorized by applicable federal and state authorities. Within the comprehensive investment plan, the board may authorize investment vehicles, or products incident thereto, as may be available or offered by qualified companies or persons. (f) The board may delegate responsibility for administration of the comprehensive investment plan required in paragraph (e) to a person the board determines to be qualified. Such person shall be compensated by the board. Directly or through such person, the board may contract with a private corporation or institution to provide such services as may be a part of the comprehensive investment plan or as may be deemed necessary or proper by the board or such person, including, but not limited to, providing consolidated billing, individual and collective recordkeeping and accountings, and asset purchase, control, and safekeeping. (g) The board shall annually prepare or cause to be prepared a report setting forth in appropriate detail an accounting of the fund and a description of the financial condition of the program at the close of each fiscal year. Such report shall be submitted to the President of the Senate, the Speaker of the House of Representatives, and members of the State Board of Education on or before November 15 each year. In addition, the board shall make the report available to purchasers of advance payment contracts. The accounts of the fund shall be subject to annual audits by the Auditor General or his designee. (h) The board shall solicit answers to applicable ruling requests from the Internal Revenue Service regarding the tax status of fees paid pursuant to an advance payment contract to the purchaser or qualified beneficiary and from the Securities and Exchange Commission regarding the application of federal securities laws to the trust. The board shall make the status of such requests known before entering into an advance payment contract. (i) The board shall solicit proposals for the marketing of the Florida Prepaid Postsecondary Education Expense Program pursuant to s The entity designated pursuant to this paragraph shall serve as a centralized marketing agent for the program and shall be solely responsible for the marketing of the program. Any materials produced for the purpose of marketing the program shall be submitted to the board for review. No such materials shall be made available to the public before the materials are approved by the board. Any educational institution may distribute marketing materials produced for the program; however, all such materials shall have been approved by the board prior to distribution. Neither the state nor the board shall be liable for misrepresentation of the program by a marketing agent. Ch.240 POSTSECONDARY EDUCATION F.S (6)(a) The board shall construct advance payment contracts for registration and advance payment contracts for dormitory residence in accordance with the provisions of this section. Advance payment contracts constructed for the purposes of this section shall be exempt from the provisions of the Florida Insurance Code. The board may request assistance from the Department of Legal Affairs in the development of the advance payment contracts. The contents of both such contracts shall include, but not be limited to, the following : 1. The amount of the payment or payments and the number of payments required from a purchaser on behalf of a qualified beneficiary. 2. The terms and conditions under which purchasers shall remit payments, including, but not limited to, the date or dates upon which each payment shall be due. 3. Provisions for late payment charges and for default. 4. Provisions for penalty fees for withdrawals from the fund. 5. The name and date of birth of the qualified beneficiary on whose behalf the contract is drawn and the terms and conditions under which another person may be substituted as the qualified beneficiary. 6. The name of any person who may terminate the contract. The terms of the contract shall specify whether the contract may be terminated by the purchaser, the qualified beneficiary, a specific designated person, or any combination of these persons. 7. The terms and conditions under which a contract may be terminated, the name of the person entitled to any refund due as a result of termination of the contract pursuant to such terms and conditions, and the amount of refund, if any, due to the person so named. 8. The time limitations, if any, within which the
Search
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks