Loading chat...
FL S1342
Bill
Status
Introduced
2/23/2011
Primary Sponsor
Anitere Flores
Click for details
AI Summary
- Authorizes district school boards to determine bond maturity schedules without requiring annual payments to be as nearly equal as practicable
- Extends the maximum permissible bond term from 20 years to 30 years without Department of Education approval
- Allows bonds to be callable at times and terms prescribed by the district school board, removing the requirement that bonds with interest rates exceeding 2.99 percent be callable after 10 years
- Extends the maximum duration of ad valorem tax levies approved by school district electors from 4 years to 8 years for operating expenses
- Effective date: July 1, 2011
Legislative Description
School District Financing
Last Action
Indefinitely postponed and withdrawn from consideration
5/7/2011
Committee Referrals
Education Pre-K - 123/7/2011
Full Bill Text
No bill text available