Loading chat...
FL S0750
Bill
Status
Introduced
10/28/2011
Primary Sponsor
Anitere Flores
Click for details
AI Summary
- Extends the bond retirement period from 20 years to 30 years from the date of issuance, unless a longer period is approved by the Department of Education.
- Removes the interest rate threshold of 2.99 percent, making all bonds (regardless of interest rate) subject to callability provisions.
- Allows district school boards to determine the times and terms for calling bonds, removing the previous requirement that bonds be callable no later than 10 years from issuance.
- Takes effect July 1, 2012.
Legislative Description
Bonds
Last Action
Laid on Table, refer to CS/HB 465 -SJ 1065
3/8/2012
Committee Referrals
Budget2/24/2012
Finance And Tax Subcommittee2/20/2012
Budget2/8/2012
Education Pre-K - 1211/16/2011
Full Bill Text
No bill text available