(1) If the issuance of bonds is authorized at the election, or if any bonds outstanding against the district are being refunded, the district school board shall sell the bonds in the manner provided in s. 218.385.
(2) In the marketing of the bonds, the district school board shall be entitled to have such assistance as can be rendered by the Division of Bond Finance, the Commissioner of Education, or any other public state officer or agency. In determining the highest and best bidder for bonds offered for sale, the net interest cost to the school board as shown in standard bond tables shall govern, provided that the determination of the district school board as to the highest and best bidder shall be final.
History.—s. 556, ch. 2002-387; s. 45, ch. 2004-305.
Structure Florida Statutes
Title XLVIII - Early Learning-20 Education Code
Chapter 1010 - Financial Matters
Part IV - Provisions Relating to Bonding (Ss. 1010.40-1010.62)
1010.40 - Proposals for issuing bonds.
1010.41 - Procedure of district school boards with reference to proposals for issuing bonds.
1010.42 - Publication of resolution.
1010.43 - Notice of election; qualifications of electors.
1010.44 - Conduct of election; form of ballot; appointment of inspectors; canvassing returns.
1010.45 - Result of election held.
1010.46 - If election adverse, no second election within 6 months.
1010.47 - Receiving bids and sale of bonds.
1010.48 - Bidders to give security.
1010.49 - Form and denomination of bonds.
1010.50 - Investment of fiduciary funds in bonds; security for deposit of public funds.
1010.51 - Records to be kept and reports to be made.
1010.52 - Bonds may be validated; validity of bonds.
1010.53 - Proceeds; how expended.
1010.54 - Disposition of surplus of bond issue.
1010.55 - Additional bond issues.
1010.57 - Bonds payable from motor vehicle license tax funds; instruction units computed.