FL Chief Justice Canady and Governor Rick Scott's Agreement Letter On Court Loan

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FL Chief Justice Canady and Governor Rick Scott’s Agreement Letter On Court Loan

FL Chief Justice Canady and Governor Rick Scott’s Agreement Letter On Court Loan

April 6, 2011

The Honorable Charles T. Canady
Chief Justice, Supreme Court of Florida
500 South Duval Street
Tallahassee, FL 32399-1925

Dear Chief Justice Canady:

On March 22,2011, our office approved a temporary loan of $14,000,000 and requested additional information prior to approving any additional loan amounts. The information provided by your office, and the cost containment measures implemented, show that the remaining loan amount needed to cover the projected deficit through May has been reduced from $28,483,326 to $19,487,027. The Executive Office of the Governor hereby approves an additional loan, not to exceed $19,487,027, from available trust fund balances within the State Treasury to the State Courts Revenue Trust Fund.

Pursuant to section 215.18, Florida Statutes, transfers should only be made as needed to cover deficiencies, and the loan must be repaid as soon as practical, but not later than June 30, 2011.

[ipaper docId=52564508 access_key=key-29jiktxdrunpccdxtug8 height=600 width=600 /]

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