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Page 11 - பகல்நேரம் கடற்கரை செய்தி இதழ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Florida state legislature diverted 40% of condo owner association fees into general fund since 2008: report

Fox News correspondent Phil Keating has the latest on search and rescue efforts on Special Report The year before a 12-story building collapsed in south Florida that left at least 79 dead and 61 still unaccounted for, the state collected $13.7 million in fees from condominium owners associations, vacation timeshares and mobile home parks, but swept $5 million into the state s general fund, the Daytona Beach News-Journal reported.  Those funds, collected at the beginning of every year, are supposed to go toward educating board members and reviewing complaints, but the state has made a habit of siphoning off the funds.  Since 2008, the state has diverted $65 million of the $167 million that has been taxed, nearly 40%, into the general fund, according to the Daytona Beach News-Journal. 

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