1011.47 Auxiliary enterprises; contracts, grants, and donations.—As used in s. 19(f)(3), Art. III of the State Constitution, the term:
1(1)(a) “Auxiliary enterprises” includes activities that directly or indirectly provide a product or a service, or both, to a university or its students, faculty, or staff and for which a charge is made. These auxiliary enterprises are business activities of a university which require no support from the General Revenue Fund, and include activities such as housing, bookstores, student health services, continuing education programs, food services, college stores, operation of vending machines, specialty shops, day care centers, golf courses, student activities programs, data center operations, and intercollegiate athletics programs.
(b) Each university board of trustees may determine whether its auxiliary services, including intercollegiate athletics programs, will be self-supporting on an individual or collective basis. A university board of trustees may approve the transfer of unreserved cash from one auxiliary enterprise to support another auxiliary enterprise as long as such transfer does not reduce revenues necessary to cover all expenditures of the auxiliary enterprise nor violate any bond covenants or impact debt service payments and required reserves. Transfers made under this paragraph shall be reported to the Board of Governors annually. This paragraph expires July 1, 2027.
(2) “Contracts, grants, and donations” includes noneducational and general funding sources in support of research, public services, and training. The term includes grants and donations, sponsored-research contracts, and Department of Education funding for lab schools and other activities for which the funds are deposited outside the State Treasury.
History.—s. 641, ch. 2002-387; s. 66, ch. 2004-41; s. 27, ch. 2026-233.
1Note.—Section 27, ch. 2026-233, amended subsection (1) “[i]n order to implement Specific Appropriation 152 of the 2026-2027 General Appropriations Act.”
