338.241 Cash reserve requirement.
48 words·~1 min read·
/fl/title-xxvi/chapter-338/338-241·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The budget for the turnpike system shall be so planned as to provide for a cash reserve at the end of each fiscal year of not less than 5 percent of the unpaid balance of all turnpike system contractual obligations, excluding bond obligations, to be paid from revenues.