Title XI, County Organization and Intergovernmental Relations

(1) Bonds of a housing finance authority issued pursuant to this act shall be authorized by a resolution of the housing finance authority and may be issued in one or more series and shall bear such dates, mature at such times, bear interest at such rates, be in such denominations…

In connection with the issuance of bonds and in order to secure the payment of such bonds, a housing finance authority, in addition to the other powers granted pursuant to this act, shall have power:(1) To pledge all or any part of any payment made to the housing finance authorit…

A housing finance authority shall determine its authority to issue any of its bonds and the legality of all proceedings had or taken in connection therewith, in the same manner and to the same extent as provided in chapter 75 for the determination by a county, municipality, taxin…

An action or proceeding to contest the validity of any bond issued under this act, other than a proceeding pursuant to s. 159.615, must be commenced within 30 days after notification in a newspaper of general circulation within the area of the passage by the housing finance autho…

An obligee of a housing finance authority shall have the right, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee:(1) By mandamus, suit, action, or proceeding at law or in equity, to comp…

A housing finance authority shall have power by resolution, trust indenture, or other contract to confer upon any obligee holding or representing a specified amount in bonds, the right, in addition to all rights that may otherwise be conferred, upon the happening of an event of d…

As long as a shortage of housing exists, a housing finance authority shall not unreasonably refuse to participate in the financing of any qualifying housing development upon request.History.—s. 19, ch. 78-89.

In no event shall the liabilities, whether ex contractu or ex delicto, of a housing finance authority arising from the financing of any qualifying housing development be payable from any funds other than the revenues or receipts of such qualifying housing development.History.—s. …

(1) The bonds of a housing finance authority issued under this act, together with all notes, mortgages, security agreements, letters of credit, or other instruments which arise out of or are given to secure the repayment of bonds issued in connection with the financing of any hou…

The intent of this legislation is that consumers receive maximum possible benefits; therefore, no lending institution receiving proceeds of bond issues pursuant to this act may loan any of the proceeds of such bond issue at the rate violative of federal arbitrage regulations.Hist…

The provisions of this act shall be liberally construed in order to effectively carry out the purposes of this act.History.—s. 22, ch. 78-89.

Research and development authorities, as authorized by ss. 159.701-159.7095, are created for the purpose of promoting scientific research and development in affiliation with and related to the research and development activities of one or more state-based, accredited, public or p…

(1) The following words and terms, unless the context clearly indicates a different meaning, shall have the following meaning:(a) “Bonds” or “revenue bonds” means the bonds authorized to be issued by any authority under ss. 159.701-159.7095, which may consist of a single bond. Th…

(1) Subject to the provisions of this part, each county or group of counties may create by ordinance a local governmental body as a public body corporate and politic to be known as “ Research and Development Authority,” hereafter referred to as “authority” or “authorities.” Each …

(1) The authority shall prepare and submit to the Board of Governors of the State University System a petition requesting that the authority be designated a research and development authority.(2) The petition shall contain, but not be limited to:(a) The resolution of the governin…

The authority is authorized and empowered:(1) To have perpetual succession as a body politic and corporate and to adopt bylaws for the regulation of its affairs and the conduct of its business.(2) To adopt an official seal and alter the same at pleasure.(3) To maintain an office …

Any authority which issues any revenue bonds pursuant to this part shall supply the Division of Bond Finance of the State Board of Administration with a copy of the report required pursuant to s. 103 of the Internal Revenue Code of 1954, as amended, at the times required pursuant…

Each county designated as a research and development authority on June 30, 1979, or designated by the 1Board of Regents as a research and development authority prior to July 1, 2001, shall be entitled to continue to be designated and shall be accorded all powers conferred to desi…

(1) The revenue bonds issued by the authority shall not be deemed to constitute a debt, liability, or obligation of any authority or county or of the state or any political subdivision, and such revenue bonds or debt obligations shall be payable solely from revenues derived from …

The exercise of all powers granted by ss. 159.701-159.7095 in all respects will be for the benefit of the people of the state, for the increase of their industry and prosperity and the improvement of their health and living conditions, and for the provision of gainful employment …

The powers conferred by ss. 159.701-159.7095 shall be in addition and supplementary to existing powers and statutes, and these sections shall not be construed as repealing any of the provisions of any other law, general or local.History.—s. 4, ch. 79-101.

The bonds issued under ss. 159.701-159.7095 may be validated in the manner prescribed by chapter 75.History.—s. 4, ch. 79-101.

This part may be cited as the “Florida Private Activity Bond Allocation Act.”History.—s. 1, ch. 85-282.

(1) The purpose of this part is to allocate the state volume limitation imposed on private activity bonds under s. 146 of the Code. A private activity bond subject to the limitation in s. 146 of the Code may not be issued in this state unless a confirmation therefor is issued pur…

As used in this part, the term:(1) “Affordable housing bonds” means multifamily affordable housing bonds and single-family affordable housing bonds.(2) “Carryforward confirmation” means a confirmation for a project that qualifies for a carryforward pursuant to s. 146(f)(5) of the…

(1) The division shall annually determine the state volume limitation. The division shall make the state volume limitation information available upon request and shall publish such information on its website.(2) On January 1 of each year, the division shall initially allocate the…

(1) Before the issuance of any private activity bond by or on behalf of any issuer, such issuer shall request and obtain an allocation of a portion of the state volume limitation from the division through the issuance of a confirmation, except for private activity bonds issued by…

(1)(a) All notices of intent to issue filed with the division must be evaluated for compliance with this part. Any notice of intent to issue that conforms to the requirements of s. 159.8051 is eligible to receive a confirmation and must be approved, subject to the availability of…

(1) Except for an allocation of state volume limitation that has been converted to the issuance of mortgage credit certificates pursuant to s. 159.80751, no portion of the state volume limitation may be allocated before the filing of an issuance report with the division by or on …

(1)(a) The following affordable housing allocation pools are hereby established:1. The regional affordable housing allocation pool.2. The statewide affordable housing allocation pool.(b) The affordable housing allocation pools are available solely for issuing confirmations for af…

(1) From January 1 through September 30 of each year, the corporation pool is established and shall be available for the sole purpose of issuing confirmations for affordable housing bonds to the corporation and its assigns pursuant to the procedures specified in s. 159.8052. Befo…

(1) The economic development allocation pool is hereby established and is available for issuing confirmations pursuant to the procedures specified in this section and s. 159.8052.(2) The economic development allocation pool must, at all times, first be available to issue confirma…

The state allocation pool is hereby established and must be available to issue confirmations pursuant to the procedures specified in s. 159.8052, and to issue confirmations for bonds to issuers statewide on a first-come, first-served basis for all types of private activity bonds …

(1) On or before November 30 of each year, an issuer may elect in writing to the division to convert all or a portion of its allocation of state volume limitation for single-family affordable housing bonds to mortgage credit certificates, provided such election is made before the…

(1) The carryforward allocation pool is hereby established. The carryforward allocation pool is available for the sole purpose of issuing carryforward confirmations to issuers statewide for projects that are entitled under the Code to a carryforward of state volume limitation pas…

(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…