FL H0435

Authorizes the District School Board of Gilchrist County to issue bonds up to $2 million to finance and refinance construction of educational facilities and equipment purchases within the county.

Allows the school board to issue refunding bonds and bond anticipation notes for temporary financing of authorized projects, with bond maturity dates no later than 30 years after issuance.

Requires the school board to pledge $100,000 annually of racetrack and jai alai fronton moneys accruing to Gilchrist County as security for payment of bond principal, premiums, and interest.

Establishes that bond proceeds may not exceed $1,000,000 for classroom construction costs, including architectural fees, engineering costs, bond issuance expenses, and debt service reserves.

Clarifies the allocation of annual funds to Gilchrist County: first $2,000 to Board of County Commissioners for indigent hospitalization, then distributions to park board (5%), City of Trenton (3%), City of Bell (1%), with remaining balance divided between school board and county commissioners.