SECTION 1010.86. Administration of the Capital Improvement Fee Trust Fund.

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1The Board of Governors of the State University System shall administer the Capital Improvement Fee Trust Fund, which includes receipts from capital improvement student fee assessments, interest earnings, and subsidy grants. All funds, except those to be used for debt service payments, reserve requirements, and educational research centers for child development, pursuant to s. 551011.48, 56shall be used to fund projects appropriated by the Legislature. Projects funded pursuant to this section may be expanded by the use of supplemental funds such as grants, auxiliary enterprises, private donations, and other nonstate sources.

History.-s. 598, ch. 2002-387; s. 3, ch. 2015-7.

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