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FL S1244
Bill
AI Summary
- Requires community development district boards to authorize general obligation bonds, benefit bonds, or revenue bonds by a two-thirds vote instead of a majority vote, effective October 1, 2019
- Allows bond authorization resolutions to be adopted at the same meeting they are introduced without required publication or posting
- Specifies that bond authorizing resolutions may establish terms including maturity dates not exceeding 40 years, interest rates, redemption terms, and revenue fund establishment
- Permits bonds to be executed in accordance with the Registered Public Obligations Act and allows manual countersignature by board-designated officers
- Makes technical changes to clarify that officer signatures remain valid on bonds even if the officer leaves office before bond delivery
Legislative Description
Community Development District Bond Financing
Last Action
Died in Finance and Tax
5/3/2019
Committee Referrals
Finance and Tax3/20/2019
Community Affairs3/4/2019
Full Bill Text
No bill text available