To ensure that cash and other assets held for safekeeping within the Treasury are accurately accounted for, effectively invested and competently protected.
The Florida State Treasury operates a special investment program for public entities. This program is authorized in Section 17.61(1), Florida Statutes and is called the Special Purpose Investment Account (SPIA). Component Units of the State, Universities, or Colleges that are created by the Florida Constitution or Florida Statutes are eligible to invest in SPIA.
SPIA funds are combined with State funds and are invested as part of the Treasury Investment Pool. The Treasury Investment Pool invests in a combination of short-term liquid instruments and intermediate term fixed income securities.
Participants have the ability to invest and obtain funds same day with an 11:00 a.m. deadline. Earnings are posted monthly based on a pro-rata share of total Treasury earnings. Each SPIA participant is assessed a monthly administrative fee of 0.12% of their average daily balance.
An investment in SPIA is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although SPIA seeks to preserve principal it is not a guaranteed investment.
INFORMATION FOR SPIA ACCOUNT HOLDERS:
If you are interested in becoming a SPIA participant or need to add a new SPIA account, please complete the appropriate below request form and email the request to: firstname.lastname@example.org
The Chief Financial Officer is responsible for managing the Certificate of Deposit placement program mandated by Chapter 17.57, Florida Statutes. The CFO places certificates of deposit in Florida Qualified Public Depositories in two, three, and/or five year maturity bid contracts.
Interest payable and principal due to the Chief Financial Officer is collected on a quarterly basis and maturity date using the Automated Clearing House.
For more information, contact the Treasury Certificate of Deposit Placement Program Coordinator at 850.413.2765.
Certificate of Deposit Program Participant Information:
IF YOU ENCOUNTER ANY PROBLEMS SUBMITTING YOUR BIDS ONLINE, PLEASE FAX BIDS TO:
The Chief Financial Officer pays warrants for disbursement of state funds in accordance with Chapter 17.52, Florida Statutes. The Chief Financial Officer contracts with a Florida bank selected through a competitive bidding process to collect state warrants cleared through the banking system.
The Treasury staff provides information to state agencies, financial institutions, and check cashing facilities regarding the status of warrants issued and/or paid, such as:
For more information regarding State of Florida warrants, please contact the Treasury Warrant Section at (850) 413-3163.