SECTION 1012.885. Remuneration of Florida College System institution presidents; limitations.
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1(1) 2DEFINITIONS.3-4As used in this section, the term:11(a) 12“Appropriated state funds” means funds appropriated from the General Revenue Fund or funds appropriated from state trust funds.
30(b) 31“Cash-equivalent compensation” means any benefit that may be assigned an equivalent cash value.
44(c) 45“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.
75(2) 76EXCEPTIONS.77-78This section does not prohibit a 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 (3). 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.
154(3) 155LIMITATION ON REMUNERATION.158-159Notwithstanding a law, resolution, or rule to the contrary, 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. 193121.021(22), 194provided to a Florida College System institution president may be used in calculating benefits under chapter 121.
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