FL H1305

Authorizes the District School Board of Gilchrist County to issue bonds to finance and refinance educational facilities and equipment within the district, removing the previous limitation to Bell High School classroom construction only.

Removes the $1,000,000 aggregate principal amount cap on bonds and extends the maximum maturity period from 20 years to 30 years after issuance.

Allows bonds to be sold through competitive or negotiated sale and authorizes the school board to issue refunding bonds for previously issued bonds.

Pledges all or a portion of racetrack and jai alai fronton moneys allocated annually to the school board as security for bond repayment, replacing the previous $100,000 fixed pledge amount.

Clarifies that no referendum is required to exercise powers under this act unless required by the State Constitution.