SECTION 159.706. Grandfather clause.
Latest version.
- 1Each county designated as a research and development authority on June 30, 1979, or designated by the 18119Board of Regents as a research and development authority prior to July 1, 2001, shall be entitled to continue to be designated and shall be accorded all powers conferred to designated authorities by ss. 53159.70154-55159.7095, 56except that any authority not constituted and designated under the provisions of ss. 69159.70170-71159.7095 72shall be prohibited from exercising any power to issue revenue bonds or other debt obligations pursuant to s. 90159.705(6) 91and (7).
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