(1) The property of the corporation, the transactions and operations thereof, the income therefrom, and the bonds of the corporation issued under this act, together with all notes, mortgages, security agreements, letters of credit, or other instruments that arise out of or are given to secure the repayment of bonds issued in connection with the financing of any housing under this part, and all notes, mortgages, security agreements, letters of credit, or other instruments that arise out of or are given to secure the repayment of loans issued in connection with the financing of any housing under this part, as well as the interest thereon and income therefrom, regardless of the status of any party thereto as a private party, 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 corporation 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. 80-161; s. 55, ch. 89-356; s. 23, ch. 97-167; s. 17, ch. 2007-198.
Structure Florida Statutes
Part V - Florida Housing Finance Corporation (Ss. 420.501-420.55)
420.502 - Legislative findings.
420.504 - Public corporation; creation, membership, terms, expenses.
420.505 - Meetings; quorum; voting.
420.506 - Executive director; agents and employees; inspector general.
420.5061 - Transfer of agency assets and liabilities.
420.507 - Powers of the corporation.
420.508 - Special powers; multifamily and single-family projects.
420.5087 - State Apartment Incentive Loan Program.
420.5088 - Florida Homeownership Assistance Program.
420.5089 - HOME Investment Partnership Program; HOME Investment Partnership Fund.
420.5092 - Florida Affordable Housing Guarantee Program.
420.5093 - State Housing Tax Credit Program.
420.5095 - Community Workforce Housing Loan Program.
420.5099 - Allocation of the low-income housing tax credit.
420.51 - State and local government not liable on bonds or notes.
420.512 - Conflicts of interest.
420.513 - Exemption from taxes and eligibility as investment.
420.514 - Corporate existence.
420.515 - Inconsistent provisions of other laws superseded.
420.516 - Discrimination prohibited.
420.517 - Affordable housing and job training coordination.
420.518 - Fraudulent or material misrepresentation.
420.522 - Legislative findings.
420.524 - Definitions relating to Predevelopment Loan Program Act.
420.525 - Housing Predevelopment Fund.
420.526 - Predevelopment Loan Program; loans and grants authorized; activities eligible for support.
420.527 - Criteria for determining threshold compliance.
420.528 - Rules; summary required with annual report.