Florida Statutes Part II - Florida Industrial Development Financing Act (Ss. 159.25-159.431)
- 159.25 - Short Title.
This part shall be known and may be cited as the “Florida Industrial Development Financing Act.”History.—s. 1, ch. 69-104.
- 159.26 - Legislative Findings And Purposes.
The Legislature finds and declares that:(1) The agriculture, tourism, urban development, historic preservation, education, and health care industries, among others, are vital to the economy of...
- 159.27 - Definitions.
The following words and terms, unless the context clearly indicates a different meaning, shall have the following meanings:(1) “Bonds” or “revenue bonds” means the bonds authorized...
- 159.28 - General Powers.
Every local agency shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this part, including,...
- 159.285 - Additional County Powers.
(1) A county shall have full power and authority to issue revenue bonds for the purpose of financing and providing funds to pay the cost of...
- 159.287 - Special Act Development Commissions, Councils, Boards, Or Authorities; Approval Required To Issue Bonds.
(1) Notwithstanding any other provision of this part or of any special act, any commission, council, board, or authority created by special act with the authority...
- 159.29 - Criteria And Requirements.
In undertaking any project pursuant to this part, a local agency shall be guided by and shall observe the following criteria and requirements; however, the...
- 159.30 - Agreements Of Lease.
(1) No project financed under the provisions of this part shall be operated by the local agency or any other governmental agency, except that the local...
- 159.31 - Tax Exemption.
The exercise of the powers granted by this part in all respects will be for the benefit of the people of the state, for the...
- 159.32 - Construction Contracts.
Contracts for the construction of the project may be awarded by the local agency in such manner as in its judgment will best promote free...
- 159.33 - Credit Of State Or Political Subdivision Not Pledged.
(1) Bonds issued under the provisions of this part shall not be deemed to constitute a debt, liability, or obligation of the local agency or of...
- 159.34 - Bonds.
(1) The local agency is authorized to provide for the issuance, at one time or from time to time, of industrial revenue bonds of the local...
- 159.345 - Local Agency Reporting Requirement.
Any local agency which issues any revenue bonds pursuant to this part shall supply the Division of Bond Finance of the State Board of Administration...
- 159.35 - Trust Agreement.
In the discretion of the local agency, any bonds issued under the provisions of this part may be secured by a trust agreement by and...
- 159.36 - Revenues.
(1) The local agency is authorized to fix and to collect fees, rents, and charges for the use of any project or projects, and any part...
- 159.37 - Trust Funds.
Notwithstanding any other provisions of law to the contrary, all money received pursuant to the provisions of this part, whether as proceeds from the sale...
- 159.38 - Remedies.
Any holder of bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee under any trust agreement,...
- 159.39 - Negotiability Of Bonds.
All bonds issued under the provisions of this part, regardless of form or terms, are hereby declared to have all the qualities and incidents, including...
- 159.40 - Bonds Eligible For Investment.
Bonds issued by any local agency under the provisions of this part are hereby made securities in which all public officers and public bodies of...
- 159.41 - Revenue Refunding Bonds.
(1) Any local agency is authorized to provide by resolution for the issuance of revenue refunding bonds of the local agency for the purpose of refunding...
- 159.414 - Authority To Deal With Financial Institution Which Employs A Board Member.
Notwithstanding any general or special law, rule, regulation, or ordinance to the contrary, including ss. 112.311-112.326, a board may sell its bonds to a financial...
- 159.415 - Composite Issues Of Bonds.
Any local agency has the authority to issue, at one time or from time to time, a single issue of bonds to finance separate projects...
- 159.416 - Pool Financings.
(1) Any local agency may issue, at one or more times, single issues of bonds to fund a pool financing program. For purposes of this chapter,...
- 159.42 - Cooperation Of State.
The state, its officers, departments, divisions, and other state entities are authorized to cooperate with and provide assistance to local agencies in carrying out the...
- 159.43 - Liberal Construction.
Part II of this chapter, being necessary for the prosperity and welfare of the state and its inhabitants, shall be liberally construed to effect the...
- 159.431 - Applicability Of Ch. 80-287.
Chapter 80-287, Laws of Florida, shall not apply to any bonds for which a local agency has, prior to July 1, 1980, adopted a resolution...
Last modified: September 23, 2016