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Form a Business

[Expenditure of money; investment of surplus; deposit of current funds.]

Tampa Related Laws, art. XVI, § 16.11
in effect
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Sec. 16.11. - [Expenditure of money; investment of surplus; deposit of current funds.] Money shall be withdrawn from the Pension Fund created by this Act [division] only upon Warrants executed by a majority of the Board. The Board shall have exclusive charge of the investment of any surplus in said Fund not needed for the current obligations thereof by investments of the same in bonds or other obligations of the United States of America, but not otherwise. Monies needed for the meeting of the current obligations of said fund may be deposited in depository recognized by law for the deposit of funds of the State of Florida and upon the posting of similar security to that required for State Deposits. (Laws of Fla. 1941, Ch. 21590, § 6; Compiled Charter 1958, § 454)
Source: City of Tampa, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/tampa/codes/code_of_ordinances?nodeId=CHRELA_PTBRELA_ARTXVIPE_DIV2PEFUFIPO_S16.11EXMOINSUDECUFUFetched: 10/28/2026

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16.11 | Corpus