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FL H0465

Bill

Official Source

Status

Engrossed

2/24/2012

Primary Sponsor

Dwight Bullard

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Reduces the maximum bond retirement period from 30 years to 20 years from the date of issuance, unless a longer period is specifically approved by the Department of Education
  • Applies callability requirements to bonds bearing interest in excess of 2.99 percent, allowing district school boards to call bonds at prescribed times and terms beginning no later than 10 years from issuance
  • Maintains existing provisions allowing district school boards to prescribe bond denominations and issue bonds with or without interest coupons at their discretion
  • Takes effect July 1, 2012

Legislative Description

District School Board Bonds

Last Action

Ordered enrolled -HJ 1244

3/8/2012

Committee Referrals

Appropriations2/8/2012
Finance And Tax2/2/2012
Prek-12 Appropriations Subcommittee10/28/2011

Full Bill Text

No bill text available