Florida § 280.03 - Public deposits to be secured; prohibitions; exemptions.
Full text of Florida Florida Statutes § 280.03 — Public deposits to be secured; prohibitions; exemptions., with citation guidance and answers to common questions.
§ 280.03. Public deposits to be secured; prohibitions; exemptions.
(1)(a) All public deposits shall be secured as provided in this chapter when public depositors comply with the requirements of this chapter. (b) Public deposits shall be made in a qualified public depository unless exempted by law. (2) Public funds shall not be deposited directly or indirectly in negotiable certificates of deposit. (3) The following are exempt from the requirements of, and protection under, this chapter: (a) Public deposits deposited in a bank, credit union, or savings association by a trust department or trust company which are fully secured under trust business laws. (b) Moneys of the System Trust Fund, as defined in s. 121.021(36). (c) Public deposits held outside the country. (d) Wire transfers and transfers of funds solely for the purpose of paying registrars and paying agents. (e) Public deposits that are fully secured by a collateral requirement under federal regulations. (f) Public deposits made in accordance with s. 17.57(7) or s. 218.415(23).
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 280.03
What does Florida Statutes § 280.03 cover?
Section 280.03 ("Public deposits to be secured; prohibitions; exemptions.") 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 § 280.03?
A common citation format is "Florida Statutes § 280.03" (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 § 280.03 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.