Florida § 331.348 - Investment of funds.
Full text of Florida Florida Statutes § 331.348 — Investment of funds., with citation guidance and answers to common questions.
§ 331.348. Investment of funds.
The board may in its discretion invest funds of Space Florida through the Chief Financial Officer or in: (1) Direct obligations of or obligations guaranteed by the United States or for the payment of the principal and interest of which the faith and credit of the United States is pledged; (2) Bonds or notes issued by any of the following federal agencies: Bank for Cooperatives; federal intermediate credit banks; federal home loan bank system; federal land banks; or the Federal National Mortgage Association (including debentures or participating certificates issued by such association); (3) Public housing bonds issued by public housing authorities and secured by a pledge or annual contributions under an annual contribution contract or contracts with the United States; (4) Bonds or other interest-bearing obligations of any county, district, city, or town located in the state for which the full faith and credit of such political subdivision is pledged; (5) Any investment authorized for insurers by ss. 625.306-625.316 and amendments thereto; or (6) Any investment authorized under s. 17.57 and amendments thereto.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 331.348
What does Florida Statutes § 331.348 cover?
Section 331.348 ("Investment 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 § 331.348?
A common citation format is "Florida Statutes § 331.348" (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 § 331.348 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.