Sec. 748.408. - Vouchers for transfers of funds from State Treasury; limitation.

The Finance and Administration Department shall submit vouchers to the State Department of Transportation for a transfer of funds as provided in F.S. § 339.08(4) and rules of the State Department of Transportation promulgated pursuant thereto. The schedule according to which these vouchers will be submitted shall be established on the cash flow schedule, and it shall fix the times for and amounts of the vouchers; this schedule may be amended from time to time as necessary. To the greatest extent possible, vouchers shall be submitted in advance of anticipated expenditures for the next 60 days. At no time shall a voucher or vouchers be submitted to the State Department of Transportation that would, if processed by the State, reduce the funds on deposit with the State Department of Administration in the City's account below five percent of the current estimate of surplus gas tax funds without consideration of any interest earned thereon for the current fiscal year, and the schedule of funds transfers in the cash flow schedule shall observe this limitation. Funds transferred by the State pursuant to a voucher submitted as required by this Section shall be credited to the Streets and Highways Five-Year Road Program Fund as soon as they are transferred by the State Department of Administration. The Finance and Administration Department shall notify the Division of each receipt of funds, delays in transfers of funds from the State, a change in the amount of funds actually received and the necessity for amendments of the schedule of funds transfer in the cash flow schedule. (Ord. 78-329-131, § 1; Ord. 78-744-361, § 12; Ord. 83-591-400, § 1; Ord. 2016-140-E , § 16) Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization. Note— Former § 620.408.