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2011 Florida Statutes

SECTION 885
Remuneration of Florida College System institution presidents; limitations.
F.S. 1012.885
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) LIMITATION ON COMPENSATION.Notwithstanding any other law, resolution, or rule to the contrary, a Florida College System institution president may not receive more than $225,000 in remuneration annually 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.
(3) EXCEPTIONS.This section does not prohibit any 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 (2). 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.
(4) LIMITATION ON REMUNERATION.Notwithstanding the provisions of this section, for the 2011-2012 fiscal year, 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.