The Fact About ocala florida retirement communities over 55 That No One Is Suggesting

two. In pinpointing reimbursements pursuant to this subsection, the contract shall present that the board shall pay out to every insurer this sort of insurance company’s projected payout, which happens to be the level of reimbursement it really is owed, up to an total equal towards the insurance company’s share of the particular high quality compensated for that deal 12 months, multiplied by the actual promises-paying out capability obtainable for that agreement year.

(six) Any motion required to be executed by a state officer or company pursuant to this part shall be performed within 10 Doing the job times just after receipt in the ask for for approval or be deemed accredited if not acted upon in just that point.

(2) An index of investments within the condition identified by the board as technologies and expansion investments within just Each and every asset class.

(four) The sources of moneys to be credited on the belief fund or precise sources of receipts to generally be deposited while in the belief fund.

(d) “Acquire arrangement” indicates a deal involving the Company along with the State of Florida, acting by and through the Section, wherein the Point out of Florida sells towards the corporation any or every one of the state’s ideal, title, and interest in also to the tobacco settlement agreement, such as, but not limited to, the moneys to become acquired thereunder.

b. All bonds in the Company shall be and constitute lawful investments without having limitation for all general public bodies of the state; for all banking institutions, have confidence in providers, savings banking companies, discounts associations, cost savings and bank loan associations, and investment decision corporations; for all administrators, executors, trustees, along with other fiduciaries; for all insurance policies providers and associations and various individuals carrying on an coverage organization; and for all other persons who at the moment are or may possibly hereafter be licensed to take a position in bonds or other obligations from the condition and shall be and constitute suitable securities to be deposited as collateral for the security of any state, county, municipal, or other community resources.

(x) “Considerable motion specific to Iran” suggests adopting, publicizing, and implementing a proper plan to stop scrutinized business enterprise operations inside of one yr and to refrain from these kinds of new organization operations.

2(3) Notwithstanding subsection (1) and only with respect to your land acquisition rely on fund inside the Division of Agriculture and Buyer Providers, the Department of Environmental Protection, the Department of State, or the Fish and Wildlife Conservation Commission, Any time there is a deficiency within a land acquisition have faith in fund which might render that believe in fund quickly insufficient to meet its just specifications, including the well timed payment of appropriations from that have confidence in fund, and various believe in resources while in the Point out Treasury have moneys that are In the meanwhile or normally in surplus in the quantities important to satisfy the just prerequisites, such as appropriated obligations, of those other have confidence in funds, the Governor may perhaps order A brief transfer of moneys from a number of of one other have confidence in cash to a land acquisition rely on fund during the Division of Agriculture and Buyer Products and services, the Section of Environmental Safety, the Office of Point out, or even the Fish and Wildlife Conservation Fee. Any action proposed pursuant to this subsection is subject towards the notice, overview, and objection strategies of s. 216.177, and the Governor shall supply see of such motion no less than 7 times ahead of the productive date with the transfer of believe in resources, besides that in the course of July 2017, notice of these motion shall be delivered a minimum of 3 times ahead of the productive date of a transfer Except such 3-working day recognize is waived by the chair and vice-chair with the Legislative Price range Commission.

b. The state hereby covenants with holders of bonds from the Company that the state is not going to repeal or abrogate the power of the board to direct the Workplace of Insurance Regulation to levy the assessments and to collect the proceeds with the revenues pledged towards the payment of this sort of bonds so long as any this sort of bonds continue being fantastic Except ample provision has become designed for that payment of these types of bonds pursuant towards the files authorizing the issuance of these kinds of bonds.

c. Administrative belief fund, to be used as being a depository for cash for use for management actions which are departmental in nature and funded by indirect Price earnings and assessments towards trust cash. Proprietary resources are excluded from your necessity of making use of an administrative believe in fund.

(t) “Scrutinized Read more here active enterprise functions” usually means Energetic business functions that bring about a corporation turning out to be a scrutinized firm.

(2)(a) Once the Legislature terminates a believe in fund, the agency or branch of condition government that administers the have faith in fund shall shell out any exceptional debts or obligations on the belief fund the moment practicable, along with the Chief Economical Officer shall close out and remove the have confidence in fund from the different state monetary programs, applying frequently approved accounting principles regarding assets, liabilities, and warrants exceptional.

(one) All moneys obtained from the condition shall be deposited while in the Point out Treasury unless precisely supplied usually by law and shall be deposited in and accounted for because of the Main Economical Officer within just the following money, which funds are hereby created and proven:

(k) The corporation and its corporate existence shall carry on till terminated by law; nonetheless, no this sort of regulation shall take outcome until eventually at the very least one yr and 1 day and then no bonds of the corporation remain outstanding Until ample provision continues to be produced for your payment of these kinds of bonds pursuant towards the files authorizing the issuance of these bonds.

Ocala Realtors - 55+ Communities
915 SE 17th St,
Ocala, FL 34471
(800) 253-1139

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