September 18, 2019
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The Florida Statutes

The 2010 Florida Statutes(including Special Session A)

Title XLVIII
K-20 EDUCATION CODE
Chapter 1013
EDUCATIONAL FACILITIES
View Entire Chapter
F.S. 1013.81
1013.81 1Community college indebtedness; bonds and tax anticipation certificates; payment.
(1) The indebtedness incurred for the benefit of 1community colleges and represented by bonds or motor vehicle tax anticipation certificates issued from time to time by the State Board of Education, hereinafter called “state board,” pursuant to s. 18, Art. XII of the State Constitution of 1885 on behalf of the several former county boards of public instruction shall not be considered by the state board in determining the amount of bonds or motor vehicle tax anticipation certificates which the state board may issue from time to time on behalf of the several school districts under the provisions of s. 9(d), Art. XII of the State Constitution, as amended at the general election held on November 7, 1972, hereinafter called “school capital outlay amendment.” Such indebtedness incurred on behalf of 1community colleges, as described above, shall be considered by the state board in determining the amount of bonds or motor vehicle tax anticipation certificates which the state board may issue from time to time on behalf of the several 1community college districts under the provisions of the school capital outlay amendment.
(2) The debt service requirements on the indebtedness incurred for the benefit of 1community colleges and represented by bonds or motor vehicle tax anticipation certificates issued from time to time by the state board on behalf of the several former county boards of public instruction, as described in subsection (1), shall be paid from funds distributable pursuant to the school capital outlay amendment to the credit of the several 1community college districts, and not from funds distributable pursuant to the school capital outlay amendment to the credit of the several school districts.
(3) Nothing herein shall be construed to authorize the state board to affect adversely or impair the contractual rights created and vested by reason of the prior issuance of bonds or motor vehicle tax anticipation certificates by the state board.
History.s. 876, ch. 2002-387.
1Note.Section 21, ch. 2010-70, directs the Division of Statutory Revision to prepare a reviser’s bill to substitute the term “Florida College System institution” for the terms “Florida college,” “community college,” and “junior college” where those terms appear in the Florida K-20 Education Code.
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