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Mr. John A. Madigan, Jr. General Counsel Florida Sheriffs Association Post Office Box 669 Tallahassee, Florida 32302

Dear Mr. Madigan:

This is in response to your request on behalf of the Sheriff of Collier County for an opinion on substantially the following questions:(1) MAY THE SHERIFF INVEST THE BONDS AND FINES AGENCY FUND AND USE THE INTEREST EARNED ON SUCH INVESTMENTS AS A MEANS OF OFFSETTING THE COSTS OF OPERATING THE PUBLIC AGENCY?(2) IF THE SHERIFF POSSESSES SUFFICIENT AUTHORITY TO INVEST THESE FUNDS, WOULD THE SHERIFF BE ABLE TO COLLECT AND HOLD ALL OF THE INTEREST EARNED ON SUCH…