(1) The Chief Financial Officer shall administer a collateral management service for
all state agencies as defined in s. 216.011, or any county, city, or political subdivision thereof, or other public authority
that requires by statute, rule, or contract the deposit or pledge of collateral.
(2) Eligible collateral listed in s. 17.57 may be deposited or pledged using the following collateral arrangements as approved
by the Chief Financial Officer:
(a) Collateral deposited and held by a custodian of the Chief Financial Officer.
(b) Collateral pledged to the Chief Financial Officer.
(c) Securities and articles of value deposited and held by the Chief Financial Officer.
(d) Cash deposited in the Treasury Cash Deposit Trust Fund and the Public Deposit
Security Trust Fund.
(e) Cash deposited with the Chief Financial Officer as escrow agent.
(3) The Chief Financial Officer may, in his or her discretion, establish a fee for
processing, servicing, and safekeeping deposits and other documents or articles of
value maintained by the Chief Financial Officer as requested by the various entities
according to a service-level agreement or as provided for by law. Such fee shall be equivalent to the fee charged by financial institutions for processing,
servicing, and safekeeping the same types of deposits and other documents or articles
(4) The Chief Financial Officer shall collect in advance, and persons so served shall
pay to the Chief Financial Officer in advance, the miscellaneous charges as described
in a service-level agreement.
(5) All fees collected for the services described in this section shall be deposited
in the Treasury Administrative and Investment Trust Fund.
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