FL H1093

Allows district school boards to determine the schedule of maturities for bonds without the requirement that total annual payments be as nearly equal as practicable.

Extends the maximum bond retirement period from 20 years to 30 years from the date of issuance, unless a longer period is specifically approved by the Department of Education.

Removes the restriction that only bonds bearing interest in excess of 2.99 percent are callable.

Grants district school boards discretion to set the times and terms for calling bonds, eliminating the requirement that bonds be callable no later than 10 years from issuance.

Takes effect July 1, 2011.