SECTION 218.37. Powers and duties of Division of Bond Finance; advisory council.

Latest version.

1(1) 2The Division of Bond Finance of the State Board of Administration, with respect to both general obligation bonds and revenue bonds, shall:
24(a) 25Provide information, upon request of a unit of local government, on the preliminary planning of a new bond issue.
44(b) 45Collect, maintain, and make available information on new bonds of units of local government and of the state.
63(c) 64Serve as a clearinghouse for information on bond issues of units of local government and of the state.
82(d) 83Undertake or commission studies on methods to reduce the costs of local and state bond issues.
99(e) 100Recommend changes in law and in local practices to improve the sale and servicing of local bonds.
117(f) 118By January 1 each year, provide the Special District Accountability Program of the Department of Economic Opportunity with a list of special districts that are not in compliance with the requirements in s. 151218.38152.
153(2) 154The Division of Bond Finance of the State Board of Administration shall also collect, maintain, and make available information from units of local government on lease-purchase agreements or certificates of participation, or other similar debt instruments, for which the total amount of principal payments under the agreement or series of agreements is $2 million or more.
210(3) 211The Division of Bond Finance of the State Board of Administration may adopt rules to implement this section and ss. 231218.38 232and 233218.385234.
235(4) 236The Division of Bond Finance of the State Board of Administration shall conduct a study of professional fees paid to fiscal advisers, bond counsel, and others and shall adopt a recommended fee schedule that is commensurate with fees typically paid in states similar to Florida in size and character. The schedule must be adopted by the division as the recommended fee schedule for all state and state agency financings.

History.-s. 6, ch. 79-183; s. 1, ch. 82-46; ss. 1, 9, ch. 82-195; s. 85, ch. 83-217; s. 2, ch. 88-318; s. 44, ch. 89-169; s. 15, ch. 92-173; s. 165, ch. 92-279; s. 55, ch. 92-326; s. 20, ch. 95-196; s. 23, ch. 96-324; s. 43, ch. 2004-305; s. 86, ch. 2011-142; s. 80, ch. 2014-22; s. 1, ch. 2015-22.

Bills Cite this Section:

None

Implemented Rule (1):

12C-1.051. Forms

Cited by Court Cases:

None

                    
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