Florida Prepaid College Board & Reports
Mission
The Florida Prepaid College Board is committed to helping Floridians save for future qualified higher education expenses by providing a cost-effective, financially sound Prepaid College Plan and other college savings programs.
Introducing
The Florida Prepaid College Board
The Florida Prepaid College Board manages the Prepaid 529 Plan (Stanley G. Tate Florida Prepaid College Program) and the Investment 529 Plan. Both are tax-favored 529 college savings plans authorized by Section 529 of the Internal Revenue Code. The Board establishes policy and actively oversees the investment and financial performance of the programs.
The Florida Prepaid College Board has seven members, including the Chief Financial Officer of Florida, the Attorney General of Florida, the Chancellor of the Board of Governors of the State University System of Florida, the Chancellor of the Division of Florida Colleges of the Florida Department of Education, or their designees, and three members appointed by the Governor and subject to confirmation by the Florida Senate.
John D. Rood
Chairman
Adria D. Starkey
Vice Chair
Mark Agustin
Slater Bayliss
Kathy Hebda
Radford Lovett
Troy Miller
Board Reports & Plans
Statement of Organization and Operation
Read about the Statement of Organization and Operations. for the Florida Prepaid College Board, a state agency of Florida.
Florida Statutes
Read about the Florida Statutes that govern the operations of the Florida Prepaid College Board.
Florida Prepaid College Board Meetings
Board meetings are held quarterly. Dates are below and, if available, link to the meeting agenda.
Calendar Year 2025
09/23/2025 – Florida ABLE Inc., Board Meeting Agenda
09/23/2025 – Florida Prepaid College Foundation Board Meeting Agenda
09/25/2025 – Audit and Risk Committee Meeting Agenda
09/25/2025 – Investment Committee Meeting Agenda
09/25/2025 – Florida Prepaid College Board Meeting Agenda
06/17/2025 – Florida Prepaid College Foundation Board Meeting Agenda
06/17/2025 – Florida ABLE Inc., Board Meeting Agenda
06/18/2025 – Investment Committee Meeting Agenda
06/18/2025 – Florida Prepaid College Board Meeting Agenda
03/17/2025 – Florida Prepaid College Foundation Board Meeting Agenda
03/25/2025 – Florida ABLE Inc., Board Meeting Agenda
03/26/2025 – Audit and Risk Committee Meeting Agenda
Calendar Year 2024
12/11/2024 – Audit and Risk Committee Meeting Agenda
12/11/2024 – Investment Committee Meeting Agenda
12/11/2024 – Florida Prepaid College Board Meeting Agenda
12/10/2024 – Florida Prepaid College Foundation Board Meeting Agenda
12/10/2024 – Florida ABLE Inc. Board Meeting Agenda
09/25/2024 – Audit and Risk Committee Meeting Agenda
09/25/2024 – Investment Committee Meeting Agenda
09/25/2024 – Florida Prepaid College Board Meeting Agenda
09/24/2024 – Florida Prepaid College Foundation Board Meeting Agenda
09/24/2024 – Florida ABLE Inc. Board Meeting Agenda
06/17/2024 – Florida Prepaid College Foundation Board Meeting Agenda
06/25/2024 – Florida ABLE Inc. Board Meeting Agenda
06/26/2024 – Audit and Risk Committee Meeting Agenda
06/26/2024 – Investment Committee Meeting Agenda
06/26/2024 – Florida Prepaid College Board Meeting Agenda
03/26/2024 – Florida ABLE Inc. Board Meeting Agenda
03/26/2024 – Florida Prepaid College Foundation Board Meeting Agenda
03/19/2024 – Audit and Risk Committee Meeting Agenda
03/19/2024 – Investment Committee Meeting Agenda
Annual Reports
The Florida Prepaid College Board Annual Report contains information, statistics, the Chairman’s Message, the financial statements and the actuarial report on the Prepaid 529 Plan (Florida Prepaid College Plan) and the Investment 529 Plan (formerly known as the Florida 529 Savings Plan).
Financial Statements
The Florida Prepaid College Board annually publishes Financial Statements in accordance with generally accepted accounting principles. These include the audited financial statements, note disclosures, and required supplementary information, presenting the Board’s financial condition at fiscal year-end and results of operations during the fiscal year.
Comprehensive Investment Plan (CIP)
The Comprehensive Investment Plans for both the Florida Prepaid 529 Plan and the Florida Investment 529 Plan were developed by the Florida Prepaid College Board and have been approved by the Trustees of Florida’s State Board of Administration (the Governor, Attorney General and Chief Financial Officer).
Operating budget for Fiscal Year 2025-2026
In order to perform its responsibilities in the most effective and efficient manner, the Board contracts with various private companies to provide professional support services for both programs, including actuarial services, investment management services, records administration services, financial services and legal services. Approximately 92% of the proposed operating budget for 2025-2026 is used to fund these services.
| Florida Prepaid College Board | |
|---|---|
| 2025-2026 Budget Summary by Category | |
| Salaries and Benefits | $4,384,760 |
| Other Personal Services | $57,078,446 |
| Expenses | $368,298 |
| Other Capital Outlay (Non-Recurring) | $4,041,100 |
| Total | $65,872,604 |
Section 529
The term “529 plan” describes a type of tax-advantaged college plan authorized by Section 529 of the Internal Revenue Code. There are two types of 529 plans: prepaid plans and investment plans. The Florida Prepaid 529 Plan and the Florida Investment 529 Plan are both 529 plans sponsored by the State of Florida and managed by the Florida Prepaid College Board. For more information regarding 529 plans, please visit the IRS website.
Florida Administrative Rules
As an agency of the state of Florida, the Florida Prepaid College Board is subject to Florida Administrative Rules and all applicable requirements.
Board Notices
The Florida Prepaid College Board hereby gives notice of the following:
Procurement Information
ITN 25-01: Investment Consultant Services for the Florida 529 Savings and ABLE Programs
This Invitation to Negotiate (ITN) has been issued by the Board, pursuant to Section 287.057, Florida Statutes, to obtain written offers for services (Responses) from qualified firms (Respondents) to provide investment consultant services. All questions related to this ITN must be directed to the ITN Administrator by email at: [email protected].
