Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for SB 2108
       
       
       
       
       
       
                                Barcode 669316                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Comm: UNFAV           .                                
                  04/07/2009           .                                
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       The Policy and Steering Committee on Ways and Means (Justice)
       recommended the following:
       
    1         Senate Amendment to Amendment (786762) (with title
    2  amendment)
    3  
    4  
    5         Between lines 4 and 5
    6  insert:
    7         Section 1. Section 28.33, Florida Statutes, is amended to
    8  read:
    9         28.33 Investment of county funds by the clerk of the
   10  circuit court.—The clerk of the circuit court in each county
   11  shall invest county funds in excess of those required to meet
   12  expenses as provided in s. 218.415. No clerk investing such
   13  funds shall be liable for the loss of any interest when
   14  circumstances require the withdrawal of funds placed in a time
   15  deposit and needed for immediate payment of county obligations.
   16  Except for interest earned on moneys deposited in the registry
   17  of the court, all interest accruing from moneys deposited shall
   18  be deemed income of the county and may be expended as receipts
   19  of the county as approved by the board of county commissioners
   20  pursuant to chapter 129 office of the clerk of the circuit court
   21  investing such moneys and shall be deposited in the same account
   22  as are other fees and commissions of the clerk’s office. The
   23  clerk may invest moneys deposited in the registry of the court
   24  and shall retain as income of the office of the clerk and as a
   25  reasonable investment management fee 10 percent of the interest
   26  accruing on those funds with the balance of such interest being
   27  allocated in accordance with the interest of the depositors.
   28  
   29  ================= T I T L E  A M E N D M E N T ================
   30         And the title is amended as follows:
   31         Delete line 747
   32  and insert:
   33  An act relating to the clerks of court; amending s. 28.33, F.S.;
   34  providing that interest on county funds invested by the clerk of
   35  court are county funds; amending s.