FL S0510

Authorizes local government neighborhood improvement districts to borrow money, contract loans, and issue bonds to finance capital projects permitted by state constitution and law.

Allows districts to pledge their special assessment power as security for payment of debts and bonds issued under this authority.

Limits loan terms to not exceed the life of the project being financed.

Requires bond issuance to be authorized by district board resolution, municipal or county governing body resolution, and voter referendum as specified in section 163.514(16).

Takes effect July 1, 2014.