Title XI, County Organization and Intergovernmental Relations

(1) Any issuer that wishes to elect to carryforward an allocation of state volume limitation under s. 146(f) of the Code must first request and obtain a carryforward confirmation from the division.(2) The division shall, when requested, issue a carryforward confirmation for those…

(1) There shall be imposed a nonrefundable fee on each notice of intent to issue a private activity bond filed with the division pursuant to s. 159.8051. A notice of intent to issue may not be accepted by the division unless and until the fee has been paid. The fee, which may be …

In the event that the Code is amended or replaced, or amendments or successor provisions to the Code are proposed which are or would be inconsistent with this part or which would have the effect of impeding the purposes of this part or the purposes for which bonds are authorized …

All notices of intent to issue, requests for carryforward confirmations, and issuance reports must be made in such form as may be prescribed by the division. All such forms may be filed electronically through a portal on the division’s website at such time as the division establi…

Following the timely filing of an issuance report, the director of the division shall execute a final certification of allocation.History.—s. 11, ch. 87-222; s. 29, ch. 2024-220.

This act shall be known and may be cited as the “Taxable Bond Act of 1987.”History.—s. 1, ch. 87-237.

(1) The ability of governmental units to issue bonds is essential to their ability to finance public improvements and other projects and programs that serve important public purposes and benefit the social and economic well-being of the people of the state.(2) The exemption of in…

As used in this act, the following words and terms shall have the following meanings, unless some other meaning is plainly intended:(1) “Act” means the “Taxable Bond Act of 1987.”(2) “Bonds” means any bonds, debentures, notes, warrants, bond anticipation notes, tax anticipation n…

Any provision of law, whether special or general, which imposes limitations or restrictions on the issuance of taxable bonds or is otherwise in conflict with this act with respect to the issuance of taxable bonds is expressly superseded by this act to the extent of such conflict.…

(1) The ordinance, resolution, indenture, agreement, or other instrument providing for the issuance of taxable bonds may provide for any of the following:(a) The bonds shall be in such denominations, in such form, either bearer or registered, and payable at such place or places, …

If the governing body shall by resolution or ordinance adopted at a public meeting determine that a negotiated sale of the taxable bonds is in the best interest of the governmental unit, the governmental unit may negotiate for the sale of the taxable bonds. In the resolution or o…

(1) The issuance of taxable bonds by a governmental unit for any purpose permitted under the statutes under authority of which such taxable bonds are issued is declared to constitute a lawful and public purpose. So long as the payment of such taxable bonds is not secured by a ple…

The proceeds of an issue of taxable bonds and the investment earnings thereon shall be used, in the manner, and to the extent specified in the ordinance or resolution providing for the issuance of the bonds, by the governmental unit issuing the bonds for a purpose specified for t…

Notwithstanding any provisions of state law relating to the investment or reinvestment of surplus funds of any governmental unit or any more restrictive provisions of the statutes under authority of which the bonds are issued, the proceeds of taxable bonds issued to refund or adv…

The provisions of this act shall be liberally construed in order to effectively carry out the purposes of this act.History.—s. 1, ch. 87-237.

This part may be cited as the “Florida Qualified Public Educational Facilities Private Activity Bond Allocation Act.”History.—s. 49, ch. 2003-391.

The purpose of this part is to allocate the state volume limitation imposed by s. 142(k)(5)(A) of the code on private activity bonds to finance qualified public educational facilities. No private activity bond subject to the limitation in s. 142(k)(5)(A) of the code shall be issu…

As used in this part, the term:(1) “Board” means the State Board of Education, created pursuant to s. 2, Art. IX of the State Constitution.(2) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and rulings issued thereunder.(3) “Commissioner” means th…

(1) The board shall establish a program for allocating the state volume limitation imposed by s. 142(k)(5)(A) of the code on private activity bonds to finance qualified public educational facilities. Such program shall include objective criteria to be considered in determining wh…

The board and the department shall adopt any rules necessary to ensure the orderly implementation and administration of this act.History.—s. 49, ch. 2003-391.

This part may be cited as the “Florida Qualified School Construction Bond Allocation Act.”History.—s. 1, ch. 2009-59.

The purpose of this part is to allocate the state volume limitation imposed by s. 54F(d) of the code on qualified school construction bonds to finance qualified school construction facilities. Any bond issued which uses a portion of the limitation imposed by s. 54F(d)(1) of the c…

As used in this part, the term:(1) “Board” means the State Board of Education, created pursuant to s. 2, Art. IX of the State Constitution.(2) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and rulings issued thereunder.(3) “Commissioner” means th…

(1) The board shall establish a program for allocating the state volume limitation imposed by s. 54F(d)(1) of the code, or reallocated to the state pursuant to s. 54F(d)(2)(D) of the code, on qualified school construction bonds to finance qualified school construction facilities.…

The board and the department shall adopt any rules necessary to ensure the orderly implementation of this part.History.—s. 1, ch. 2009-59.