SECTION 373.41495. Lake Belt Mitigation Trust Fund; bonds.
Latest version.
1(1) 2The Lake Belt Mitigation Trust Fund is hereby created, to be administered by the South Florida Water Management District. Funds shall be credited to the trust fund as provided in s. 33373.41492, 34to be used for the purposes set forth therein. 43(2) 44The South Florida Water Management District may issue revenue bonds pursuant to s. 57373.584, 58payable from revenues from the Lake Belt Mitigation fee imposed under s. 70373.4149271. 72(3) 73Net proceeds from the Lake Belt Mitigation fee and any revenue bonds issued under subsection (2) shall be deposited into the trust fund and, together with any interest earned on such moneys, shall be applied to Lake Belt mitigation projects as provided in s. 117373.41492118. 119(4) 120The Lake Belt Mitigation Trust Fund is a trust fund as described in s. 19(f)(3), Art. III of the State Constitution, and therefore is not subject to termination pursuant to s. 19(f)(2), Art. III of the State Constitution.
Bills Cite this Section:
None
Cited by Court Cases:
None
var val = document.getElementById('citecontent').innerHTML;
var href = decodeURIComponent(window.location.href);
var url = decodeURIComponent(escape(href.split("#")[0]));
url = decodeURIComponent(escape(url.split(",")[0]));
art.dialog.defaults.title = url;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
