(1) Should the Division require information or Records from a State Agency or Local Government to complete an arbitrage rebate calculation or for any arbitrage compliance purpose, the Division shall notify the State Agency or Local Government in writing of the following:

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

    (a) The name of the bond issue;
    (b) The principal amount of the bonds issued;
    (c) The dated date and the delivery date of the bond issue;
    (d) The specific information or Records concerning the investment, or disbursement of bond proceeds, or interest earnings on the bond proceeds required by the Division.
    (2) The State Agency or Local Government shall have fifteen (15) calendar days from the receipt of the notification of additional required information to send information requested to the Division.
    (3) The Division may compel the production of Records or information requested by the issuance of a request for production of Records. The request for production of Records shall include the following:
    (a) The name of the bond issue;
    (b) The principal amount of the bonds issued;
    (c) The dated date and the delivery date of the bond issue;
    (d) The information concerning the investment, or disbursement of bond proceeds, or interest earnings on the bond proceeds required by the Division;
    (e) The time and place where the records or information requested are to be produced.
Rulemaking Authority 215.64(11), 215.835 FS. Law Implemented 215.64(11), 215.64(12), 215.655 FS. History-New 12-10-91, Formerly 13K-7.003.