Florida § 255.03 - Proceeds of insurance to be paid into State Treasury; disbursement of funds.
Full text of Florida Florida Statutes § 255.03 — Proceeds of insurance to be paid into State Treasury; disbursement of funds., with citation guidance and answers to common questions.
§ 255.03. Proceeds of insurance to be paid into State Treasury; disbursement of funds.
(1) The proceeds from the insurance of any state building or state property covered by insurance which may be destroyed in whole or in part by fire, or other damage, shall be paid into the State Treasury and constitute a fund for the rebuilding or replacing of such property, and the Chief Financial Officer may draw his or her warrant for such amounts, not to exceed the proceeds so paid in, as may be approved by the board or persons having the direct supervision and control of such buildings or property for the purpose of rebuilding or replacing the same. (2) The provisions of this section shall not apply to proceeds received from insurance carried by a lessee of a donated building which was under lease at the time of donation and is not to be replaced. Such proceeds received by a board or agency of the state may be used by that board or agency for any purpose or function authorized by law.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 255.03
What does Florida Statutes § 255.03 cover?
Section 255.03 ("Proceeds of insurance to be paid into State Treasury; disbursement of funds.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 255.03?
A common citation format is "Florida Statutes § 255.03" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 255.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.