The 2023 Florida Statutes (including Special Session C)

Title XIX
PUBLIC BUSINESS

Chapter 280
SECURITY FOR PUBLIC DEPOSITS

View Entire Chapter

F.S. 280.03

280.03 Public deposits to be secured; prohibitions; exemptions.—

(1)(a) All public deposits shall be secured as provided in this chapter when public depositors comply with the requirements of this chapter.

(b) Public deposits shall be made in a qualified public depository unless exempted by law.

(2) Public funds shall not be deposited directly or indirectly in negotiable certificates of deposit.

(3) The following are exempt from the requirements of, and protection under, this chapter:

(a) Public deposits deposited in a bank or savings association by a trust department or trust company which are fully secured under trust business laws.

(b) Moneys of the System Trust Fund, as defined in s. 121.021(36).

(d) Wire transfers and transfers of funds solely for the purpose of paying registrars and paying agents.

(e) Public deposits that are fully secured by a collateral requirement under federal regulations.

(f) Public deposits made in accordance with s. 17.57(7) or s. 218.415(23).

History.—s. 3, ch. 81-285; s. 8, ch. 83-122; s. 2, ch. 85-259; s. 55, ch. 86-152; s. 4, ch. 86-236; s. 2, ch. 87-409; s. 6, ch. 90-357; s. 2, ch. 93-75; s. 5, ch. 96-216; s. 17, ch. 97-30; s. 12, ch. 98-409; s. 3, ch. 2005-126; s. 2, ch. 2014-145.

F.S. 280.03 on Google Scholar

F.S. 280.03 on Casetext

Amendments to 280.03

Arrestable Offenses / Crimes under Fla. Stat. 280.03

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 280.03.

Annotations, Discussions, Cases:

Cases from cite.case.law:

In PRECISION TOOL AND DIE MFG. CO. INC. a, 285 B.R. 621 (Bankr. W.D. Pa. 2002)

. . . The Bank now seeks additional fees of $6,508 and $280.03 in costs. . . . The Bank’s Application will be allowed in the reduced amount of $3,222.50 for attorney’s fees and $280.03 . . .

OF AMERICA BANK, MID- MICHIGAN, N. A. a E. W. v. UNITED STATES, 752 F. Supp. 764 (E.D. Mich. 1990)

. . . 1999 194.56 91.66 2000 2,395.69 1,034.48 2001 239.57 94.93 2002 252.36 91.87 2003 265.84 89.00 2004 280.03 . . .

UNITED STATES v. ROMANO, 388 F. Supp. 101 (E.D. Pa. 1975)

. . . Ringel, Searches & Seizures, Arrest and Confessions § 280.03, at 364 (1972). . Fixel v. . . .