215.245 Contracts with Federal Government; indemnification approved in selected situation.—The point out and its political subdivisions, which can be authorized to enter into cooperative agreements or otherwise contract or take part Together with the Federal Government in constructing drinking water methods development jobs beneath the jurisdiction from the Secretary of the Army, are licensed to concur in these types of contracts or participation agreements to indemnify and keep harmless The us from damages as a consequence of the construction, operation, servicing, restore, substitution, and rehabilitation from the projects and any state or community sponsor job-similar betterments, aside from damages because of the fault or carelessness of the United States or its contractors; however, this portion will not obligate the Legislature to provide potential appropriations and isn't going to abrogate the provisions of s. forty five.062.
4. The bonds of your corporation aren't a credit card debt in the condition or of any political subdivision, and neither the point out nor any political subdivision is liable on these types of bonds. The Company does not have the facility to pledge the credit, the revenues, or even the taxing ability from the point out or of any political subdivision.
6. The Company and its corporate existence continue on till terminated by law; on the other hand, this sort of legislation may not take impact providing the Company has bonds exceptional unless satisfactory provision has been created for the payment of such bonds pursuant to your documents authorizing the issuance of these kinds of bonds.
three. “Portfolio business” suggests a company or other issuer, any of whose securities are owned by an alternative financial investment automobile or even the State Board of Administration and any subsidiary of these types of Company or other issuer.
(d) “Obtain arrangement” signifies a deal involving the Company and also the Condition of Florida, performing by and thru the department, wherein the Point out of Florida sells to the Company any or each of the point out’s appropriate, title, and interest in and also to the tobacco settlement arrangement, which include, but not limited to, the moneys to be been given thereunder.
d. The Company may possibly difficulty bonds and engage in this kind of other money transactions as are important to supply ample cash to achieve the applications of this area.
(d) All rates paid on the fund less than reimbursement contracts shall be treated as quality for permitted reinsurance for all accounting and regulatory reasons.
three. Any subsidy Read article for the expense of a gaggle insurance plan strategy accessible to an staff upon normal or disability retirement that may be by plan available to all employees of the unit of government pursuant towards the device’s health and fitness coverage program.
(1) Anytime There's a deficiency in any fund presented for by s. 215.32 which would render this sort of fund insufficient to fulfill its just prerequisites, together with other resources from the Point out Treasury have moneys which happen to be In the meanwhile or otherwise in excessive of your quantities essential to fulfill the just specifications of such previous-mentioned money, the Governor may well get A short lived transfer of moneys from one fund to a different in order to fulfill momentary deficiencies in a certain fund without the need of resorting into the necessity of borrowing income and spending fascination thereon.
3. Unexpected emergency assessments shall be collected from policyholders. Unexpected emergency assessments shall be remitted by insurers being a proportion of direct created top quality for your previous calendar quarter as laid out in the order from the Office environment of Insurance policy Regulation. The Business shall validate the correct and timely selection and remittance of unexpected emergency assessments and shall report the information towards the board within a kind and at a time specified with the board.
(e) Specific passions in actual house and relevant personalized assets, such as home loans and similar instruments on commercial or industrial actual residence, with provisions for equity or income participation or with provisions for convertibility to equity ownership; and interests in collective financial investment money.
c. The efficacy of the funding system will likely be Improved via the Company’s possession with the assessments, by the insulation of the assessments from feasible personal bankruptcy proceedings, and by covenants with the state Using the Company’s bondholders.
b. In excess of ten percent of the business’s revenues or property associated with Sudan require electricity-generation functions; fewer than seventy five p.c of the company’s energy-production activities consist of tasks whose intent is to provide ability or electricity into the marginalized populations of Sudan; and the corporate has did not take considerable action.
(k) The corporation and its company existence shall continue right until terminated by legislation; on the other hand, no these legislation shall consider effect right until no less than 1 calendar year and 1 working day after which no bonds with the corporation continue to be exceptional Except if adequate provision has actually been manufactured for your payment of these types of bonds pursuant to your documents authorizing the issuance of such bonds.
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