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Florida Public Business Code Section 280.18 - Security For Public Deposits - Protection of public depositors; liability of the state.

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Title XIX   PUBLIC BUSINESS

Chapter 280   SECURITY FOR PUBLIC DEPOSITS

280.18  Protection of public depositors; liability of the state.--

(1)  When public deposits are made in accordance with this chapter, there shall be protection from loss to public depositors, as defined in s. 280.02, in the absence of negligence, malfeasance, misfeasance, or nonfeasance on the part of the public depositor or on the part of his or her agents or employees.

(2)  The liability of the state, the Chief Financial Officer, or any state agency, or any employee or agent of the state, the Chief Financial Officer, or a state agency, for any action taken in the performance of their powers and duties under this chapter shall be limited to that as a public depositor.

History.--s. 3, ch. 81-285; s. 22, ch. 87-409; s. 194, ch. 95-148; s. 19, ch. 98-409; s. 306, ch. 2003-261.

Last modified: November 21, 2006