Florida Regulations 34-13.510: Valuation of Gifts Provided by Multiple Donors
Current as of: 2024 | Check for updates
|
Other versions
(1) For purposes of any gift disclosure to be made by a reporting individual or procurement employee, the value of a gift provided by multiple donors is determined by the valuation principles of Florida Statutes § 112.3148(7) and Fl. Admin. Code R. 34-13.500, applied to the gift as a whole, rather than by any pro rata share.
(2) For purposes of determining whether a gift provided by multiple donors is prohibited under Sections 112.3148(3) and (4), F.S. and Rules 34-13.310 and 34-13.320, F.A.C., the value of the gift provided by any one donor is equal to the portion of the gift’s value attributable to that donor based upon the donor’s contribution to the gift.
(3) For purposes of determining whether a gift provided by multiple donors must be disclosed by one or more of the donors under Section 112.3148(5)(b), F.S. and Rules 34-13.420 and 34-13.430, F.A.C., the value of the gift provided by any one donor is equal to the portion of the gift’s value attributable to that donor based upon the donor’s contribution to the gift.
Rulemaking Authority 112.322(9)(b) FS. Law Implemented 112.312, 112.3148 FS. History-New 4-16-92.
Terms Used In Florida Regulations 34-13.510
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(3) For purposes of determining whether a gift provided by multiple donors must be disclosed by one or more of the donors under Section 112.3148(5)(b), F.S. and Rules 34-13.420 and 34-13.430, F.A.C., the value of the gift provided by any one donor is equal to the portion of the gift’s value attributable to that donor based upon the donor’s contribution to the gift.
Rulemaking Authority 112.322(9)(b) FS. Law Implemented 112.312, 112.3148 FS. History-New 4-16-92.