Florida Statutes Part IV - Housing Finance Authorities (Ss. 159.601-159.623)

• 159.601 - Short Title.
  This act shall be known and may be cited as the “Florida Housing Finance Authority Law.”History.—s. 1, ch. 78-89.
• 159.602 - Finding And Declaration Of Necessity.
  It is found and declared that:(1) Within this state there is a shortage of housing available at prices or rentals which many persons and families can...
• 159.603 - Definitions.
  As used in this part, the following words and terms have the following meanings unless the context indicates another or different meaning or intent.(1) “Area of...
• 159.604 - Creation Of Housing Finance Authorities.
  (1) Each county in this state may create by ordinance a separate public body corporate and politic, to be known as the “Housing Finance Authority” of...
• 159.605 - Members; Employees; Duties And Compensation.
  (1) Each housing finance authority shall be composed of not less than five members appointed by the governing body of the county for which the housing...
• 159.606 - Conflicts Of Interest; Disclosure.
  No member or employee of a housing finance authority shall acquire any interest, direct or indirect, in any qualifying housing development or in any property...
• 159.607 - Removal Of Members.
  A member of a housing finance authority may be removed without cause by a three-fifths vote of the governing body of the county, or for...
• 159.608 - Powers Of Housing Finance Authorities.
  A housing finance authority shall constitute a public body corporate and politic, exercising the public and essential governmental functions set forth in this act, and...
• 159.609 - Limitation.
  No housing finance authority shall finance the acquisition, construction, reconstruction, or rehabilitation of any qualifying housing development for its own profit or as a source...
• 159.61 - No Power Of Eminent Domain.
  No housing finance authority shall have the power to acquire any real property by the exercise of the power of eminent domain to accomplish any...
• 159.611 - Planning, Zoning, And Building Laws.
  Each qualifying housing development shall be subject to the planning, zoning, health, and building laws, ordinances, and regulations applicable to the place in which such...
• 159.612 - Bonds.
  (1) A housing finance authority may issue revenue bonds from time to time in the discretion of the housing finance authority for the purposes of this...
• 159.613 - Form And Sale Of Bonds.
  (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...
• 159.614 - Provisions Of Bonds And Trust Indentures.
  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...
• 159.615 - Validation Of Bonds And Proceedings.
  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...
• 159.616 - Actions To Contest Validity Of Bonds.
  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...
• 159.617 - Remedies Of An Obligee Of A Housing Finance Authority.
  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...
• 159.618 - Additional Remedies Conferrable By A Housing Finance Authority.
  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...
• 159.619 - Availability Of Financing.
  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...
• 159.62 - Liabilities Of A Housing Finance Authority.
  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...
• 159.621 - Housing Bonds Exempted From Taxation.
  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...
• 159.622 - Limitation On Rates.
  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...
• 159.623 - Construction Of Law.
  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.

Last modified: September 23, 2016