Section 1012.885 - Remuneration of Florida College System institution presidents; limitations(1) DEFINITIONS.-As used in this section, the term: (a) "Appropriated state funds" means funds appropriated from the General Revenue Fund or funds appropriated from state trust funds.(b) "Cash-equivalent compensation" means any benefit that may be assigned an equivalent cash value.(c) "Remuneration" means salary, bonuses, and cash-equivalent compensation paid to a Florida College System institution president by his or her employer for work performed, excluding health insurance benefits and retirement benefits.(2) EXCEPTIONS.-This section does not prohibit a party from providing cash or cash-equivalent compensation from funds that are not appropriated state funds to a Florida College System institution president in excess of the limit in subsection (3). If a party is unable or unwilling to fulfill an obligation to provide cash or cash-equivalent compensation to a Florida College System institution president as permitted under this subsection, appropriated state funds may not be used to fulfill such obligation.(3) LIMITATION ON REMUNERATION.-Notwithstanding a law, resolution, or rule to the contrary, a Florida College System institution president may not receive more than $200,000 in remuneration from appropriated state funds. Only compensation, as defined in s. 121.021(22), provided to a Florida College System institution president may be used in calculating benefits under chapter 121. s.28, ch. 2010-155; s.197, ch. 2011-5; s.39, ch. 2011-63; s.38, ch. 2012-134; s.21, ch. 2013-45; s.98, ch. 2014-39.Amended by 2014 Fla. Laws, ch. 39, s 98, eff. 5/12/2014.Amended by 2013 Fla. Laws, ch. 45, s 21, eff. 7/1/2013.