(1) The property of the land authority and the transactions and operations thereof and the income therefrom shall be exempt from taxation by the state and its political subdivisions. The exemption granted by this subsection shall not apply to any tax imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations.
(2) All bonds of the land authority shall be and constitute legal investments without limitation for all public bodies of this state; for all banks, trust companies, savings banks, savings associations, savings and loan associations, and investment companies; for all administrators, executors, trustees, and other fiduciaries; for all insurance companies and associations and other persons carrying on an insurance business; and for all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state and shall be and constitute eligible securities to be deposited as collateral for the security of any state, county, municipal, or other public funds. This subsection shall be considered as additional and supplemental authority and shall not be limited without specific reference hereto.
History.—s. 1, ch. 86-170; s. 54, ch. 89-356.
Structure Florida Statutes
Title XXVIII - Natural Resources; Conservation, Reclamation, and Use
Chapter 380 - Land and Water Management
Part I - Environmental Land and Water Management (Ss. 380.012-380.12)
380.032 - State land planning agency; powers and duties.
380.04 - Definition of development.
380.045 - Resource planning and management committees; objectives; procedures.
380.05 - Areas of critical state concern.
380.051 - Coordinated agency review; Florida Keys area.
380.0551 - Green Swamp Area; designation as area of critical state concern.
380.0552 - Florida Keys Area; protection and designation as area of critical state concern.
380.0555 - Apalachicola Bay Area; protection and designation as area of critical state concern.
380.06 - Developments of regional impact.
380.061 - The Florida Quality Developments program.
380.0651 - Statewide guidelines, standards, and exemptions.
380.0657 - Expedited permitting process for economic development projects.
380.0661 - Legislative intent.
380.0663 - Land authority; creation, membership, expenses.
380.0664 - Quorum; voting; meetings.
380.0665 - Executive director; agents and employees.
380.0666 - Powers of land authority.
380.0667 - Advisory committee; acquisitions.
380.0668 - Bonds; purpose, terms, approval, limitations.
380.0669 - State and local government liability on bonds.
380.0672 - Conflicts of interest.
380.0673 - Exemption from taxes and eligibility as investment.
380.0674 - Corporate existence.
380.0675 - Inconsistent provisions of other laws superseded.
380.07 - Florida Land and Water Adjudicatory Commission.
380.08 - Protection of landowners’ rights.
380.085 - Judicial review relating to permits and licenses.
380.0933 - Florida Flood Hub for Applied Research and Innovation.
380.0935 - Resilient Florida Trust Fund.
380.11 - Enforcement; procedures; remedies.
380.115 - Vested rights and duties; changes in statewide guidelines and standards.