UPDATE: Broward County Public Schools Superintendent Robert Runcie’s attorneys say that he will plead “not guilty” on a charge of perjury.

Runcie, 59, was taken into custody Wednesday by the Florida Department of Law Enforcement and has since been released from the Broward County Main Jail.

Runcie faces a sole charge of perjury in an official proceeding, according to Broward County jail records.

The charge relates to Runcie’s testimony on school safety funding. A grand jury is investigating whether school officials committed fraud and deceit by mismanaging funds meant for school safety initiatives.

The Florida Department of Law Enforcement made the arrest Wednesday morning and reports that Runcie is being held at the Broward County Main Jail.

Runcie was released on bond just after 10:30 Wednesday morning

The Broward school district is the sixth largest school district in the country and Runcie received a six-year contract extension worth an estimated $3.5 million in cash and benefits tjust three-months before the Parkland shooting tragedy.

ALERT: FDLE Arrested Broward County Schools Superintendent Robert Runcie on one count of "Perjury In An Official Proceeding".

More to come… pic.twitter.com/dwznAOsYWU

— Greg Angel (@NewsGuyGreg) April 21, 2021

The FDLE, a state-wide investigative law enforcement agency, is not releasing any further information at this time.