Chapter 243 Higher Educational Facilities Bonds
Part I - County Higher Educational Facilities Authorities Law (ss. 243.18-243.40)
- §243.18 Short title.
This part may be referred to as the "Higher Educational Facilities Authorities Law." History.--s. 1, ch. 69-345. ...
- §243.19 Findings and declaration of necessity.
It is declared that for the benefit of the people of the state, the increase of their commerce, welfare, and prosperity, and the improvement of...
- §243.20 Definitions.
The following terms, wherever used or referred to in this part shall have the following respective meanings, unless a different meaning clearly appears from the...
- §243.21 Creation of educational facilities authorities.
(1) In each county there is hereby created a public body corporate and politic to be known as the "_____ County Educational Facilities Authority." Each of...
- §243.22 Powers of authority.
The purpose of the authority shall be to assist institutions for higher education in the construction, financing, and refinancing of projects, and for this purpose...
- §243.23 Payment of expenses.
All expenses incurred in carrying out the provisions of this part shall be payable solely from funds provided under the authority of this part, and...
- §243.24 Acquisition of real property.
The authority is authorized and empowered, directly or by and through a participating institution for higher education as its agent, to acquire by purchase solely...
- §243.25 Conveyance of title or interest to participating institutions.
When the principal of and interest on revenue bonds of the authority issued to finance the cost of a particular project or projects at a...
- §243.26 Notes of authority.
The authority is authorized from time to time to issue its negotiable notes for any corporate purpose and renew from time to time any notes...
- §243.27 Revenue bonds.
(1) The authority is authorized from time to time to issue its negotiable revenue bonds for any corporate purpose. In anticipation of the sale of such...
- §243.28 Security of bondholders.
In the discretion of the authority any revenue bonds issued under the provisions of this part may be secured by a trust agreement by and...
- §243.29 Payment of bonds.
Revenue bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the state or of the...
- §243.30 Rates, rents, fees, and charges.
(1) The authority is authorized to fix, revise, charge and collect rates, rents, fees and charges for the use of and for the services furnished or...
- §243.31 Trust funds.
All moneys received pursuant to the authority of this part, whether as proceeds from the sale of bonds or as revenues, shall be deemed to...
- §243.32 Remedies of bondholders.
Any holder of revenue bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees under...
- §243.33 Tax exemption.
The exercise of the powers granted by this part will be in all respects for the benefit of the people of this state, for the...
- §243.34 Refunding bonds.
(1) The authority is hereby authorized to provide for the issuance of revenue bonds of the authority for the purpose of refunding any revenue bonds of...
- §243.35 Legal investment.
Bonds issued by the authority under the provisions of this part are hereby made securities in which all public officers and public bodies of the...
- §243.36 Reports.
Within the first 90 days of each calendar year, the authority shall make a report to the governing body of the county of its activities...
- §243.37 State agreement.
The state does hereby pledge to and agree with the holders of any obligations issued under this part, and with those parties who may enter...
- §243.38 Alternate means.
The foregoing sections of this part shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and...
- §243.39 Liberal construction.
This part, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof. History.--s. 22, ch....
- §243.40 Provisions of part controlling.
To the extent that the provisions of this part are inconsistent with the provisions of any general statute or special act or parts thereof, the...
Part II - Higher Educational Facilities Financing (ss. 243.50-243.77)
- §243.50 Short title.
Sections 243.50-243.77 may be cited as the "Higher Educational Facilities Financing Act." History.--s. 1, ch. 2001-79. ...
- §243.51 Findings and declarations.
It is the purpose of ss. 243.50-243.77 to provide a measure of assistance and an alternative method enabling private institutions of higher education of this...
- §243.52 Definitions.
As used in ss. 243.50-243.77, the term: (1) "Authority" or "educational facilities authority" means the public corporation created by ss. 243.50-243.77. (2) "Real property" includes all lands,...
- §243.53 Creation of Higher Educational Facilities Financing Authority.
(1) There is created a public body corporate and politic to be known as the Higher Educational Facilities Financing Authority. The authority is constituted as a...
- §243.54 Powers of the authority.
The purpose of the authority is to assist institutions of higher education in constructing, financing, and refinancing projects throughout the state and, for this purpose,...
- §243.55 Payment of expenses.
All expenses incurred in carrying out ss. 243.50-243.77 are payable solely from funds provided under the authority of ss. 243.50-243.77, and the authority may not...
- §243.56 Acquisition of real property.
The authority may directly, or by and through a participating institution as its agent, acquire by purchase or lease solely from funds provided under ss....
- §243.57 Conveyance of title or interest to participating institutions.
When the principal of and interest on revenue bonds of the authority issued to finance the cost of a particular project or projects at a...
- §243.58 Criteria and requirements.
In undertaking any project under ss. 243.50-243.77, the authority shall be guided by and shall observe the following criteria and requirements: (1) The project, in the...
- §243.59 Approval required to issue bonds.
The authority is created for the purpose of promoting higher education and issuing bonds on behalf of the state, and the Governor may approve any...
- §243.60 Notes of authority.
The authority may issue its negotiable notes for any corporate purpose and renew any notes by the issuance of new notes, whether the notes to...
- §243.61 Revenue bonds.
(1) The authority may issue its negotiable revenue bonds for any corporate purpose, including the provision of funds to pay all or any part of the...
- §243.62 Covenants.
Any resolution authorizing the issuance of bonds may contain any covenants the authority considers advisable, including those provisions set forth in s. 243.61(5), and all...
- §243.63 Validation.
Bonds issued pursuant to this act may be validated in the manner provided by law through proceedings instituted by the authority under chapter 75. In...
- §243.64 Act furnishes full authority for issuance of bonds.
Sections 243.50-243.77 constitute full authority for the issuance of bonds and the exercise of the powers of the authority provided in ss. 243.50-243.77. Any bonds...
- §243.65 Security of bondholders.
In the discretion of the authority, any revenue bonds issued under ss. 243.50-243.77 may be secured by a trust agreement by and between the authority...
- §243.66 Payment of bonds.
Revenue bonds issued under ss. 243.50-243.77 are not a debt or liability of the authority, any municipality, the state, or any political subdivision thereof, and...
- §243.67 Rates, rents, fees, and charges.
(1) The participating institution may fix, revise, charge, and collect rates, rents, fees, and charges for the use of and for the services furnished or to...
- §243.68 Trust funds.
All moneys received under ss. 243.50-243.77, whether as proceeds from the sale of bonds or as revenues, are considered to be trust funds to be...
- §243.69 Remedies of bondholders.
Any holder of revenue bonds issued under ss. 243.50-243.77 or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement,...
- §243.70 Tax exemption.
The exercise of the powers granted by ss. 243.50-243.77 is in all respects for the benefit of the people of this state. Because the operation...
- §243.71 Refunding bonds.
(1) The authority may provide for the issuance of revenue bonds of the authority for the purpose of refunding any revenue bonds of the authority then...
- §243.72 Legal investment.
Bonds issued by the authority under ss. 243.50-243.77 are made securities in which all public officers and public bodies of the state and its political...
- §243.73 Reports; audits.
(1) The authority shall submit to the Governor and the presiding officers of each house of the Legislature, within 2 months after the end of its...
- §243.74 State agreement.
The state agrees with the holders of any obligations issued under ss. 243.50-243.77, and with those parties who may enter into contracts with the authority...
- §243.75 Alternative means.
Sections 243.50-243.77 provide an additional and alternative method for the doing of the things authorized, and shall be regarded as supplemental and additional to powers...
- §243.76 Liberal construction.
Sections 243.50-243.77 shall be liberally construed to effectively carry out their purpose. History.--s. 27, ch. 2001-79. ...
- §243.77 Act controlling.
To the extent that ss. 243.50-243.77 are inconsistent with any general statute or special act or part thereof, ss. 243.50-243.77 control. History.--s. 28, ch. 2001-79....
