1. The company has company operations that entail contracts with or provision of materials or solutions on the government of Sudan, organizations by which the government of Sudan incorporates a direct or indirect equity share, consortiums or assignments commissioned via the government of Sudan, or businesses involved in consortiums or initiatives commissioned through the government of Sudan, and:
a. Operations or running have confidence in fund, to be used for a depository for funds for use for program operations funded by application revenues, with the exception of administrative routines in the event the functions or running have faith in fund is usually a proprietary fund.
(a) Any bonds heretofore or hereafter approved to be issued by any unit beneath the provisions of any typical, Specific or nearby regulation heretofore or hereafter enacted and any desire Discount coupons connected thereto may, if so licensed from the governing system of this kind of device, bear or be executed Along with the facsimile signature of any official licensed by this sort of legislation to signal or to execute these bonds or Discount codes; offered, having said that, that each these bond shall be manually signed by a minimum of one official of this kind of unit.
j. An outline of any payment, fees, or costs, such as the volume or price, compensated or agreed to become compensated by a proprietor to anyone to solicit the board to create an alternate investment decision or investment as a result of another expense car or truck.
3. The contract shall deliver that reimbursement amounts shall not be lessened by reinsurance paid or payable towards the insurance company from other resources.
(nine) Investments in any securities licensed by this segment may be less than repurchase agreements or reverse repurchase agreements.
(d)1. For purposes of analyzing potential legal responsibility also to support while in the seem administration with the fund, the deal shall have to have Just about every insurance provider to report these types of insurance provider’s losses from Each and every covered function on an interim basis, as directed with the board. The contract shall have to have the insurance company to report to the board no later on Read article than December 31 of on a yearly basis, and quarterly thereafter, its reimbursable losses from covered situations to the year.
(d) The board shall develop a established of monetary statements with the Florida Retirement Process on an yearly basis, which shall be reported to the Legislature and audited by a commercial unbiased 3rd-celebration audit firm.
(d) As made use of On this subsection, the phrase “severance pay” means the particular or constructive payment, together with salary, Advantages, or perquisites, for work services yet to become rendered which is offered to an personnel who has not long ago been or is going to be terminated. The phrase won't include compensation for:
c. Administrative trust fund, for use as being a depository for resources for use for administration things to do which can be departmental in nature and funded by indirect Price tag earnings and assessments against belief funds. Proprietary money are excluded from your need of working with an administrative belief fund.
(four) There is appropriated from the appropriate respective believe in resources every so often such sums as may very well be necessary to spend to the final Profits Fund the provider expenses imposed by this segment.
(h) Discounts accounts in, or certificates of deposit of, any financial institution, personal savings financial institution, or financial savings and mortgage association integrated underneath the laws of this condition or structured under the legal guidelines of The usa accomplishing business enterprise and located In this particular state, the accounts of which are insured from the Federal Government or an company thereof and having a prime excellent of the highest letter and numerical rankings as supplied for by a minimum of just one nationally identified statistical rating Business, furnished such financial savings accounts and certificates of deposit are secured during the manner prescribed in chapter 280.
1Note.—Segment six, ch. ninety three-218, offers that “[t]he Governor could waive the necessities of this act in case You will find a collapse of the prevailing regime in Cuba and there is a need to have for quick aid to Cuba just before the convening of your Legislature or for humanitarian explanations because of a national catastrophe to the Island of Cuba.”
1. The Congress or President of the United States affirmatively and unambiguously states, by signifies together with, but not limited to, legislation, executive order, or composed certification within the President to Congress, the government of Iran has ceased to acquire weapons of mass destruction and assistance Intercontinental terrorism; or
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