The Florida Senate

¹240.2112  Incentive efficiency program; employee bonuses.--The Board of Regents is authorized to implement an incentive efficiency program to stimulate and encourage the development and implementation of ideas or procedures which eliminate or reduce expenditures of the Board of Regents or a university or which generate additional revenues. The savings or revenue generation realized by a university or the Board of Regents office under this program shall be used for employee incentive bonuses or for qualitative improvements to the area generating the savings or revenue or to other areas approved by the university president and the Board of Regents. No individual may receive a bonus in excess of 10 percent of the estimated savings that result from the first year of complete implementation of the proposal, or $25,000, whichever is lower.

History.--s. 1, ch. 89-195; s. 4, ch. 93-242; s. 3(7), ch. 2000-321.

¹Note.--Repealed January 7, 2003, by s. 3(7), ch. 2000-321, and shall be reviewed by the Legislature prior to that date.