1012.885 Remuneration of Florida College System institution presidents; limitations.—(1) DEFINITIONS.—As used in this section, the term:(a) 'Appropriated state funds' means funds appropriated from the General Revenue Fund or funds appropriated from state trust funds.(b) 'Cash-equivalent compensation' means any benefit that may be assigned an equivalent cash value.(c) 'Remuneration' means salary, bonuses, and cash-equivalent compensation paid to a Florida College System institution president by his or her employer for work performed, excluding health insurance benefits and retirement benefits.(2) EXCEPTIONS.—This section does not prohibit a party from providing cash or cash-equivalent compensation from funds that are not appropriated state funds to a Florida College System institution president in excess of the limit in subsection (3). If a party is unable or unwilling to fulfill an obligation to provide cash or cash-equivalent compensation to a Florida College System institution president as permitted under this subsection, appropriated state funds may not be used to fulfill such obligation.(3) LIMITATION ON REMUNERATION.—Notwithstanding a law, resolution, or rule to the contrary, ent as permitted under this subsection, appropriated state funds may not be used to fulfill such obligation.(3) LIMITATION ON REMUNERATION.—Notwithstanding a law, resolution, or rule to the contrary, a Florida College System institution president may not receive more than $200,000 in remuneration from appropriated state funds. Only compensation, as defined in s. 121.021(22), provided to a Florida College System institution president may be used in calculating benefits under chapter 121.History.—s. 28, ch. 2010-155; s. 197, ch. 2011-5; s. 39, ch. 2011-63; s. 38, ch. 2012-134; s. 21, ch. 2013-45; s. 98, ch. 2014-39.
Florida Legal Code