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FL H0717
Bill
Status
6/29/2020
Primary Sponsor
Commerce Committee
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AI Summary
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Removes requirement for Space Florida to obtain Governor and Cabinet approval before issuing bonds, and eliminates the 14-day notice requirement to legislative presiding officers and appropriations chairs
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Revises definition of "bonds" to include revenue bonds and bank loans, while removing references to assessment bonds and other obligations
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Reduces maximum bond maturity period from 40 years to 30 years from date of issuance
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Repeals three statutory sections related to pledging assessments as additional bond security, bond anticipation notes, and short-term borrowing authority
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Authorizes Space Florida to validate bonds through court proceedings under Chapter 75 as an alternative to the existing 20-day public notice validation process
Legislative Description
Space Florida Financing
Last Action
Chapter No. 2020-105
6/29/2020