(1) Notwithstanding any other provision of this part or of any special act, any commission, council, board, or authority created by special act with the authority to issue bonds for the purpose of promoting economic development throughout a county shall be deemed to have been created for the purpose of issuing bonds on behalf of the county in which jurisdiction or under or by the authority of which such commission, council, board, or authority is located or is acting; and any bonds issued by such commission, council, board, or authority are subject to the approval or disapproval of the county commission of such county pursuant to s. 125.01(1)(z).
(2) Notwithstanding any other provision of this part or of any special act, any commission, council, board, or authority created by special act with the authority to issue bonds for the purpose of promoting economic development within a municipality shall be deemed to have been created for the purpose of issuing bonds on behalf of the municipality in which which jurisdiction or under or by the authority of which such commission, council, board, or authority is located or is acting; and any bonds issued by such commission, council, board, or authority are subject to the approval or disapproval of the governing authority of such municipality.
History.—s. 20, ch. 83-271.
Structure Florida Statutes
Title XI - County Organization and Intergovernmental Relations
Part II - Florida Industrial Development Financing Act (Ss. 159.25-159.431)
159.26 - Legislative findings and purposes.
159.285 - Additional county powers.
159.29 - Criteria and requirements.
159.32 - Construction contracts.
159.33 - Credit of state or political subdivision not pledged.
159.345 - Local agency reporting requirement.
159.39 - Negotiability of bonds.
159.40 - Bonds eligible for investment.
159.41 - Revenue refunding bonds.
159.414 - Authority to deal with financial institution which employs a board member.
159.415 - Composite issues of bonds.
159.42 - Cooperation of state.