Florida Statutes Part III - Industrial Development Authorities (Ss. 159.44-159.53)

• 159.44 - Definitions; Industrial Development Authorities.
  The following words and terms, unless the context clearly indicates a different meaning, shall have the following meaning:(1) “Bonds” or “revenue bonds” means the bonds authorized...
• 159.45 - Creation Of Industrial Development Authorities.
  (1) In each county, there is hereby created a local governmental body as a public body corporate and politic to be known as the “  County...
• 159.46 - Purposes.
  Industrial development authorities, as authorized by ss. 159.44-159.53, are created for the purpose of financing and refinancing projects for the public purposes described in, and...
• 159.47 - Powers Of The Authority.
  (1) The authority is authorized and empowered:(a) To have perpetual succession as a body politic and corporate and to adopt bylaws for the regulation of its affairs...
• 159.475 - Authority Reporting Requirement.
  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...
• 159.48 - Levy Of Ad Valorem Taxes By Board Of County Commissioners.
  The exercise of the powers granted industrial development authorities is declared to be a public and county purpose. The board of county commissioners is authorized...
• 159.49 - Credit Of State Or Political Subdivision Not Pledge.
  (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...
• 159.494 - Authority To Deal With Financial Institution Which Employs A Member Of The Authority.
  Notwithstanding any general or special law, rule, regulation, or ordinance to the contrary, including ss. 112.311-112.326, an authority may sell its bonds to a financial...
• 159.50 - Tax Exemption.
  The exercise of the powers granted by ss. 159.44-159.53 in all respects will be for the benefit of the people of the state, for the...
• 159.51 - Powers Of Chapter Supplemental.
  The powers conferred by ss. 159.44-159.53 shall be in addition and supplementary to existing powers and statutes, and said sections shall not be construed as...
• 159.52 - Issuance Of Bonds.
  The bonds issued under ss. 159.44-159.53 may be validated in the manner prescribed by chapter 75.History.—s. 9, ch. 70-229.
• 159.53 - Construction.
  Sections 159.44-159.53, being necessary for the prosperity and welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof.History.—s. 10,...

Last modified: September 23, 2016