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FL S1254
Bill
AI Summary
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Requires community development district boards to authorize general obligation bonds, benefit bonds, or revenue bonds by a two-thirds vote of all members in office, rather than a simple majority vote
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Applies to bond authorizations beginning October 1, 2020
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Maintains all other existing provisions for bond issuance, including maximum 40-year maturity periods, interest rate compliance requirements, and resolution procedures
Legislative Description
Community Development District Bond Financing
Last Action
Died in Community Affairs
3/14/2020
Committee Referrals
Community Affairs1/8/2020
Full Bill Text
No bill text available