1997 Florida Code
TITLE XVI EDUCATION
Chapter 240 Postsecondary Education
PART II STATE UNIVERSITY SYSTEM (ss. 240.2011-240.2996)
240.2112 Incentive efficiency program; employee bonuses.
240.2112 Incentive efficiency program; employee bonuses.--The Board of Regents is authorized to implement an incentive efficiency program to stimulate and encourage the development and implementation of ideas or procedures which eliminate or reduce expenditures of the Board of Regents or a university or which generate additional revenues. The savings or revenue generation realized by a university or the Board of Regents office under this program shall be used for employee incentive bonuses or for qualitative improvements to the area generating the savings or revenue or to other areas approved by the university president and the Board of Regents. No individual may receive a bonus in excess of 10 percent of the estimated savings that result from the first year of complete implementation of the proposal, or $25,000, whichever is lower.
History.--s. 1, ch. 89-195; s. 4, ch. 93-242.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
