Florida Statutes Part II - Higher Educational Facilities Financing (Ss. 243.50-243.77)
- 243.50 - Short Title.
Sections 243.50-243.77 may be cited as the “Higher Educational Facilities Financing Act.”History.—s. 1, ch. 2001-79.
- 243.51 - Findings And Declarations.
It is the purpose of ss. 243.50-243.77 to provide a measure of assistance and an alternative method enabling private institutions of higher education of this...
- 243.52 - Definitions.
As used in ss. 243.50-243.77, the term:(1) “Authority” or “educational facilities authority” means the public corporation created by ss. 243.50-243.77.(2) “Real property” includes all lands, including improvements...
- 243.53 - Creation Of Higher Educational Facilities Financing Authority.
(1) There is created a public body corporate and politic to be known as the Higher Educational Facilities Financing Authority. The authority is constituted as a...
- 243.54 - Powers Of The Authority.
The purpose of the authority is to assist institutions of higher education in constructing, financing, and refinancing projects throughout the state and, for this purpose,...
- 243.55 - Payment Of Expenses.
All expenses incurred in carrying out ss. 243.50-243.77 are payable solely from funds provided under the authority of ss. 243.50-243.77, and the authority may not...
- 243.56 - Acquisition Of Real Property.
The authority may directly, or by and through a participating institution as its agent, acquire by purchase or lease solely from funds provided under ss....
- 243.57 - Conveyance Of Title Or Interest To Participating Institutions.
When the principal of and interest on revenue bonds of the authority issued to finance the cost of a particular project or projects at a...
- 243.58 - Criteria And Requirements.
In undertaking any project under ss. 243.50-243.77, the authority shall be guided by and shall observe the following criteria and requirements:(1) The project, in the determination...
- 243.59 - Approval Required To Issue Bonds.
The authority is created for the purpose of promoting higher education and issuing bonds on behalf of the state, and the Governor may approve any...
- 243.60 - Notes Of Authority.
The authority may issue its negotiable notes for any corporate purpose and renew any notes by the issuance of new notes, whether the notes to...
- 243.61 - Revenue Bonds.
(1) The authority may issue its negotiable revenue bonds for any corporate purpose, including the provision of funds to pay all or any part of the...
- 243.62 - Covenants.
Any resolution authorizing the issuance of bonds may contain any covenants the authority considers advisable, including those provisions set forth in s. 243.61(5), and all...
- 243.63 - Validation.
Bonds issued pursuant to this act may be validated in the manner provided by law through proceedings instituted by the authority under chapter 75. In...
- 243.64 - Act Furnishes Full Authority For Issuance Of Bonds.
Sections 243.50-243.77 constitute full authority for the issuance of bonds and the exercise of the powers of the authority provided in ss. 243.50-243.77. Any bonds...
- 243.65 - Security Of Bondholders.
In the discretion of the authority, any revenue bonds issued under ss. 243.50-243.77 may be secured by a trust agreement by and between the authority...
- 243.66 - Payment Of Bonds.
Revenue bonds issued under ss. 243.50-243.77 are not a debt or liability of the authority, any municipality, the state, or any political subdivision thereof, and...
- 243.67 - Rates, Rents, Fees, And Charges.
(1) The participating institution may fix, revise, charge, and collect rates, rents, fees, and charges for the use of and for the services furnished or to...
- 243.68 - Trust Funds.
All moneys received under ss. 243.50-243.77, whether as proceeds from the sale of bonds or as revenues, are considered to be trust funds to be...
- 243.69 - Remedies Of Bondholders.
Any holder of revenue bonds issued under ss. 243.50-243.77 or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement,...
- 243.70 - Tax Exemption.
The exercise of the powers granted by ss. 243.50-243.77 is in all respects for the benefit of the people of this state. Because the operation...
- 243.71 - Refunding Bonds.
(1) The authority may provide for the issuance of revenue bonds of the authority for the purpose of refunding any revenue bonds of the authority then...
- 243.72 - Legal Investment.
Bonds issued by the authority under ss. 243.50-243.77 are made securities in which all public officers and public bodies of the state and its political...
- 243.73 - Reports; Audits.
(1) The authority shall submit to the Governor and the presiding officers of each house of the Legislature, within 2 months after the end of its...
- 243.74 - State Agreement.
The state agrees with the holders of any obligations issued under ss. 243.50-243.77, and with those parties who may enter into contracts with the authority...
- 243.75 - Alternative Means.
Sections 243.50-243.77 provide an additional and alternative method for the doing of the things authorized, and shall be regarded as supplemental and additional to powers...
- 243.76 - Liberal Construction.
Sections 243.50-243.77 shall be liberally construed to effectively carry out their purpose.History.—s. 27, ch. 2001-79.
- 243.77 - Act Controlling.
To the extent that ss. 243.50-243.77 are inconsistent with any general statute or special act or part thereof, ss. 243.50-243.77 control.History.—s. 28, ch. 2001-79.
Last modified: September 23, 2016