Florida Statutes Part I - Revenue Bond Act Of 1953 (Ss. 159.01-159.19)
- 159.01 - Short Title.
This part shall be known and may be cited as the “Revenue Bond Act of 1953.”History.—s. 1, ch. 28045, 1953.
- 159.02 - Definitions.
As used in this part, the following words and terms shall have the following meanings, unless some other meaning is plainly intended:(1) The word “municipality” shall...
- 159.03 - General Powers.
The governing body of any unit in the state is hereby authorized and empowered:(1) To acquire by purchase or to construct, or partly acquire and partly...
- 159.04 - Neither Credit Nor Taxing Power Pledged.
(1) Revenue bonds issued under the provisions of this part shall not be deemed to constitute a debt of the unit issuing the same or a...
- 159.05 - Purchase Of Projects.
The governing body of any unit is hereby authorized to acquire by purchase, whenever it shall deem such purchase expedient, any self-liquidating project as hereinabove...
- 159.06 - Improvement Of Projects Purchased.
It shall be the duty of the governing body at or before the time any such project shall be acquired by purchase, to determine what...
- 159.07 - Construction Of Projects.
The governing body of any unit is hereby authorized and empowered to construct, whenever it shall deem such construction expedient, any self-liquidating project as hereinabove...
- 159.08 - Revenue Bonds.
(1) The governing body of any unit shall have the power and it is hereby authorized to provide by ordinance or resolution, at one time or...
- 159.09 - Trust Agreement.
In the discretion of the governing body, each or any issue of such bonds may be secured by a trust agreement by and between the...
- 159.10 - Revenues Of Projects.
(1) The governing body shall fix and revise from time to time rates, fees, rentals, tolls or other charges for the use of each project or...
- 159.11 - Trust Funds.
All moneys received pursuant to the authority of this part, whether as proceeds from the sale of revenue bonds or as revenues, shall be deemed...
- 159.12 - Remedies Of Bondholders And Trustee.
Any holder of revenue bonds issued under the provisions of this part or any of the coupons attached thereto, and the trustee under the trust...
- 159.13 - Revenue Refunding Bonds.
(1) The governing body of any unit is hereby authorized to provide by ordinance or resolution for the issuance of revenue refunding bonds of such unit...
- 159.14 - Alternative Method.
This part shall be deemed to provide an additional and alternative method for the doing of the things authorized hereby and shall be regarded as...
- 159.15 - Tax Exemption And Eligibility As Investments.
(1) It is hereby found and determined that all of the purposes for which revenue bonds are authorized to be issued by this part constitute essential...
- 159.16 - Additional Pledge Of Faith And Credit.
(1) Notwithstanding any other provision of this part, any county or municipality issuing revenue bonds hereunder for any of the purposes provided in this part, shall...
- 159.17 - Lien Of Service Charges.
Any municipality issuing revenue bonds hereunder shall have a lien on all lands or premises served by any water system, sewer system or gas system...
- 159.18 - Collection Of Charges.
(1) Any municipality shall have power to discontinue and shut off the supplying of any or all water, gas and sewer services to any users of...
- 159.19 - Additional Pledge Of Excise Taxes.
(1) Any municipality may pledge the proceeds of utilities services taxes, cigarette taxes, or franchise taxes, as defined herein, or any other excise taxes or other...
Last modified: September 23, 2016