FL S1656

Chief Financial Officer must annually certify by October 31 the amount of unencumbered and undispersed endowment funds that revert to the Lawton Chiles Endowment Fund's principal.

Transfers 50 percent of any certified reverted balance by warrant to the University of South Florida's board of trustees by December 1 each year, excluding the Biomedical Research Trust Fund.

Requires University of South Florida to use transferred funds first for cardiovascular disease research at the Health Heart Institute, and may also use funds for recruiting, retaining, and equipping researchers in that field and other authorized Education and General Activities expenses.

Prohibits the board of trustees from pledging any received funds to secure debt.

Chief Financial Officer must notify the University of South Florida's board of trustees by December 1 if no reverted balance occurs in any given year.