reglab/housing_qa huggingface dataset:
FL Stat § 159.49 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part III - Industrial Development Authorities (Ss. 159.44-159.53)|159.49 - Credit of state or political subdivision not pledge.

159.49 Credit of state or political subdivision not pledge.—(1) The revenue bonds issued by the authority shall not be deemed to constitute a debt, liability, or obligation of any authority or county or of the state or any political subdivision, and such revenue bonds or debt obligations shall be payable solely from revenues derived from the sale, operation, or leasing of a project or projects or other payments received under financing agreements with respect thereto.(2) All bonds issued under the provisions of ss. 159.44-159.53, regardless of form or terms, are declared to have all the qualities and incidents, including negotiability, of investment securities under the Uniform Commercial Code.(3) Bonds may be issued under the provisions of ss. 159.44-159.53 without obtaining, except as otherwise provided in said sections, the consent of any department, commission, board, bureau, or agency of the state and without any other proceedings or the happening of any conditions except those which are specifically required by the provisions of the resolution authorizing the issuance of such bonds or the trust agreement securing the same.History.—s. 6, ch. 70-229; s. 16, ch. 80-287.
FL Stat § 159.494 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part III - Industrial Development Authorities (Ss. 159.44-159.53)|159.494 - Authority to deal with financial institution which employs a member of the authority.

159.494 Authority to deal with financial institution which employs a member of the authority.—Notwithstanding any general or special law, rule, regulation, or ordinance to the contrary, including ss. 112.311-112.326, an authority may sell its bonds to a financial institution, as defined in s. 655.005, which employs a member of the authority as an officer, director, or employee and may appoint a financial institution to serve as trustee or cotrustee under a trust indenture relating to bonds issued under this part, notwithstanding the fact that an officer, director, or employee of the financial institution is a member of the authority. However, no member of the authority who is an officer, director, or employee of a financial institution which is interested in purchasing or serving as trustee or cotrustee for a proposed or outstanding bond issue shall vote on any matter related to such bond issue after the interest of the financial institution in such bond issue becomes known to the member.History.—s. 3, ch. 81-321; s. 43, ch. 83-217; s. 197, ch. 92-303; s. 888, ch. 95-147.
FL Stat § 159.50 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part III - Industrial Development Authorities (Ss. 159.44-159.53)|159.50 - Tax exemption.

159.50 Tax exemption.—The exercise of the powers granted by ss. 159.44-159.53 in all respects will be for the benefit of the people of the state, for the increase of their industry and prosperity and the improvement of their health and living conditions, and for the provision of gainful employment and will constitute the performance of essential public functions, and the authority shall not be required to pay any taxes on any project or any other property owned by the authority under the provisions of ss. 159.44-159.53 or upon the income therefrom. The bonds issued under the provisions of ss. 159.44-159.53, their transfer, and the income therefrom (including any profit made on the sale thereof), and all notes, mortgages, security agreements, letters of credit, or other instruments which arise out of or are given to secure the repayment of bonds issued in connection with any project financed under this part, shall at all times be free from taxation by the state or any local unit or political subdivision or other instrumentality of the state. Nothing in this section, however, shall be construed as exempting from taxation or assessments the leasehold interest of any lessee in any project or any other property or interest owned by any lessee. The exemption granted by this section shall not be applicable to any tax imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations.History.—s. 7, ch. 70-229; s. 4, ch. 73-327; s. 21, ch. 86-152.
FL Stat § 159.51 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part III - Industrial Development Authorities (Ss. 159.44-159.53)|159.51 - Powers of chapter supplemental.

159.51 Powers of chapter supplemental.—The powers conferred by ss. 159.44-159.53 shall be in addition and supplementary to existing powers and statutes, and said sections shall not be construed as repealing any of the provisions of any other law, general or local.History.—s. 8, ch. 70-229.
FL Stat § 159.52 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part III - Industrial Development Authorities (Ss. 159.44-159.53)|159.52 - Issuance of bonds.

159.52 Issuance of bonds.—The bonds issued under ss. 159.44-159.53 may be validated in the manner prescribed by chapter 75.History.—s. 9, ch. 70-229.
FL Stat § 159.53 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part III - Industrial Development Authorities (Ss. 159.44-159.53)|159.53 - Construction.

159.53 Construction.—Sections 159.44-159.53, being necessary for the prosperity and welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof.History.—s. 10, ch. 70-229.
FL Stat § 159.601 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.601 - Short title.

159.601 Short title.—This act shall be known and may be cited as the “Florida Housing Finance Authority Law.”History.—s. 1, ch. 78-89.
FL Stat § 159.602 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.602 - Finding and declaration of necessity.

159.602 Finding and declaration of necessity.—It is found and declared that:(1) Within this state there is a shortage of housing available at prices or rentals which many persons and families can afford, and a shortage of capital for investment in such housing. This shortage constitutes a threat to the health, safety, morals, and welfare of the residents of the state, deprives the state of an adequate tax base, and causes the state to make excessive expenditures for crime prevention and control, public health, welfare, and safety, fire and accident protection, and other public services and facilities.(2) Such shortage cannot be relieved except through the encouragement of investment by private enterprise and the stimulation of construction and rehabilitation of housing through the use of public financing and the provision of low-cost loans to purchase affordable housing.(3) The financing, acquisition, construction, reconstruction, and rehabilitation of housing and of the real and personal property and other facilities necessary, incidental, and appurtenant thereto are exclusively public uses and purposes for which public money may be spent, advanced, loaned, or granted and are governmental functions of public concern.(4) The Congress of the United States has, by the enactment of amendments to the Internal Revenue Code of 1954, found and determined that housing may be financed by means of obligations issued by any state or local governmental unit, the interest on which obligations is exempt from federal income taxation, and has thereby provided a method to aid state and local governmental units to provide assistance to meet the need for housing.(5) The provisions of this act are found and declared to be necessary and in the public interest as a matter of legislative determination.History.—s. 2, ch. 78-89; s. 4, ch. 92-303.
FL Stat § 159.604 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.604 - Creation of housing finance authorities.

159.604 Creation of housing finance authorities.—(1) Each county in this state may create by ordinance a separate public body corporate and politic, to be known as the “Housing Finance Authority” of the county for which it is created, to carry out only the powers granted in this act. A housing finance authority shall not transact any business or exercise any powers under this act until the governing body of the county for which such housing finance authority is created passes a resolution declaring the need for a housing finance authority to function to alleviate a shortage of housing and capital for investment in housing in its area of operation.(2) In any suit, action, or proceeding involving the validity or enforcement of or relating to any contract of a housing finance authority, the housing finance authority shall be conclusively deemed to have been established and authorized to transact business and exercise its powers under this act upon proof of the adoption of an ordinance by the appropriate governing body declaring the need for the housing finance authority. The ordinance shall be sufficient if it declares the need for such a housing finance authority and finds that there is a shortage of housing and capital for investment in housing within its area of operation. A copy of the ordinance certified by the clerk of the circuit court shall be admissible in evidence in any suit, action, or proceeding.(3) The county for which the housing finance authority is created may, at its sole discretion, and at any time, alter or change the structure, organization, programs, or activities of any housing finance authority, including the power to terminate such authority, subject to any limitation on the impairment of contracts entered into by such authority and subject to the limitations or requirements of this act.History.—s. 4, ch. 78-89.
FL Stat § 159.605 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.605 - Members; employees; duties and compensation.

159.605 Members; employees; duties and compensation.—(1) Each housing finance authority shall be composed of not less than five members appointed by the governing body of the county for which the housing finance authority is created, one of whom shall be designated chair. Not less than a majority of the members shall be knowledgeable in one of the following fields: labor, finance, or commerce. The terms of the members shall be 4 years each, except that the terms of the initial members shall be as follows: Two members shall serve a term of 1 year; one member shall serve a term of 2 years; one member shall serve a term of 3 years; and the remainder shall serve a term of 4 years. A member of the housing finance authority shall hold office until his or her successor has been appointed and has qualified. Each vacancy shall be filled for the remainder of the unexpired term. A certificate of the appointment or reappointment of any member of the housing finance authority shall be filed with the clerk of the circuit court of the county, and the certificate shall be conclusive evidence of the due and proper appointment of the member. A member shall receive no compensation for his or her services, but shall be entitled to necessary expenses, including travel expenses, incurred in the discharge of duties.(2)(a) The powers of each housing finance authority granted by this act shall be vested in the members of the housing finance authority in office from time to time. A majority of the members constitutes a quorum, and action may be taken by the housing finance authority upon a vote of a majority of the members present.(b) A housing finance authority may:1. Employ such agents and employees, permanent or temporary, as it requires and shall determine the qualifications, duties, and compensation of those agents and employees.2. Delegate to an agent or employee such powers or duties as it considers proper.3. Employ its own legal counsel.4. Create or assist in creating corporations that qualify as not-for-profit corporations under s. 501(c)(3) of the Internal Revenue Code of 1986, as amended, and under the laws of this state, and that are engaged in acquiring, constructing, reconstructing, or rehabilitating qualifying housing developments.(3) Until the members of the housing finance authority are appointed, the governing body of the county for which the housing finance authority is created and the chair of the housing finance authority shall have full authority to carry out the powers of a housing finance authority under this act; however, the governing body shall not delegate its authority to the chair under this provision. Except as provided in this section, no member of the housing finance authority may be an officer or employee of the county for which the housing finance authority is created.History.—s. 5, ch. 78-89; s. 2, ch. 86-214; s. 1, ch. 93-221; s. 889, ch. 95-147.
FL Stat § 159.606 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.606 - Conflicts of interest; disclosure.

159.606 Conflicts of interest; disclosure.—No member or employee of a housing finance authority shall acquire any interest, direct or indirect, in any qualifying housing development or in any property included or planned to be included in such a development, nor shall a member or employee have any interest, direct or indirect, in any contract or proposed contract for materials or services to be furnished or used in connection with any qualifying housing development. If any member or employee of a housing finance authority owns or controls an interest, direct or indirect, in any property included or planned to be included in any qualifying housing project, the member or employee shall immediately disclose the same in writing to the housing finance authority. Such disclosure shall be entered upon the minutes of the housing finance authority. Failure so to disclose such interest shall constitute misconduct in office.History.—s. 6, ch. 78-89; s. 890, ch. 95-147.
FL Stat § 159.607 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.607 - Removal of members.

159.607 Removal of members.—A member of a housing finance authority may be removed without cause by a three-fifths vote of the governing body of the county, or for neglect of duty or misconduct in office by a majority vote of the governing body of the county. A member may be removed only after he or she has been given a copy of the charges at least 10 days prior to the hearing thereon and has had an opportunity to be heard in person or by counsel. If a member is removed, a record of the proceedings, together with the charges and findings thereon, shall be filed in the office of the clerk where the certificate of appointment for such member is filed.History.—s. 7, ch. 78-89; s. 891, ch. 95-147.
FL Stat § 159.609 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.609 - Limitation.

159.609 Limitation.—No housing finance authority shall finance the acquisition, construction, reconstruction, or rehabilitation of any qualifying housing development for its own profit or as a source of revenue to the state or any local governmental unit, except when it is for the housing finance authorities’ offices and affordable housing.History.—s. 9, ch. 78-89; s. 3, ch. 93-221.
FL Stat § 159.61 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.61 - No power of eminent domain.

159.61 No power of eminent domain.—No housing finance authority shall have the power to acquire any real property by the exercise of the power of eminent domain to accomplish any of the purposes specified in this act.History.—s. 10, ch. 78-89.
FL Stat § 159.611 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.611 - Planning, zoning, and building laws.

159.611 Planning, zoning, and building laws.—Each qualifying housing development shall be subject to the planning, zoning, health, and building laws, ordinances, and regulations applicable to the place in which such qualifying housing development is situate.History.—s. 11, ch. 78-89.
FL Stat § 159.612 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.612 - Bonds.

159.612 Bonds.—(1) A housing finance authority may issue revenue bonds from time to time in the discretion of the housing finance authority for the purposes of this act. A housing finance authority may also issue refunding bonds for the purpose of paying, retiring, or refunding any bonds previously issued by such housing finance authority. A housing finance authority may also issue refunding bonds for the purpose of paying, retiring, or refunding any bonds previously issued by another housing finance authority if such other housing finance authority consents to the issuance of such refunding bonds. A housing finance authority may issue such types of bonds as it may determine; provided that the principal and interest on such bonds are payable solely and only from:(a) The repayment of any loans made by the housing finance authority pursuant to the provisions of s. 159.608 or purchased by the housing finance authority pursuant to s. 159.608; or(b) The sale of any housing loans or commitments to purchase housing loans which are purchased pursuant to s. 159.608.(2) Any bonds issued pursuant to the provisions of this act shall be secured by a mortgage or other security device.(3) In no event shall any bonds issued pursuant to the provisions of this act be payable from the general revenues of the housing finance authority.(4) Neither the members of a housing finance authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds issued pursuant to the provisions hereof, and the bonds shall so state on their face, shall not be a debt of the county or the state, or any political subdivision thereof; and neither the county, nor any state or political subdivision thereof, shall be liable thereon; nor in any event shall such bonds or obligations be payable out of any funds or properties other than those of the housing finance authority.History.—s. 12, ch. 78-89; s. 1, ch. 99-178.
FL Stat § 159.615 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.615 - Validation of bonds and proceedings.

159.615 Validation of bonds and proceedings.—A housing finance authority shall determine its authority to issue any of its bonds and the legality of all proceedings had or taken in connection therewith, in the same manner and to the same extent as provided in chapter 75 for the determination by a county, municipality, taxing district, or other political subdivision of its authority to incur bonded debt or to issue certificates of indebtedness and of the legality of all proceedings had or taken in connection therewith.History.—s. 15, ch. 78-89.
FL Stat § 159.616 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.616 - Actions to contest validity of bonds.

159.616 Actions to contest validity of bonds.—An action or proceeding to contest the validity of any bond issued under this act, other than a proceeding pursuant to s. 159.615, must be commenced within 30 days after notification in a newspaper of general circulation within the area of the passage by the housing finance authority of the resolution authorizing the issuance of such bond.History.—s. 16, ch. 78-89.
FL Stat § 159.617 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.617 - Remedies of an obligee of a housing finance authority.

159.617 Remedies of an obligee of a housing finance authority.—An obligee of a housing finance authority shall have the right, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee:(1) By mandamus, suit, action, or proceeding at law or in equity, to compel the housing finance authority and the members, officers, agents, or employees thereof to perform each and every term, provision, and covenant contained in any contract of the housing finance authority with or for the benefit of such obligee and to require the carrying out of any or all of the covenants and agreements of the housing finance authority and the fulfillment of all duties imposed upon the housing finance authority by this act.(2) By suit, action, or proceeding in equity, to enjoin any acts or things which may be unlawful or the violation of any of the rights of the obligee by the housing finance authority.History.—s. 17, ch. 78-89.
FL Stat § 159.618 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.618 - Additional remedies conferrable by a housing finance authority.

159.618 Additional remedies conferrable by a housing finance authority.—A housing finance authority shall have power by resolution, trust indenture, or other contract to confer upon any obligee holding or representing a specified amount in bonds, the right, in addition to all rights that may otherwise be conferred, upon the happening of an event of default as defined in such resolution or instrument, by suit, action, or proceeding in any court of competent jurisdiction:(1) To obtain the appointment of a receiver of any payments made pursuant to any loan agreement or sale of any loan. If such receiver is appointed, he or she may collect and receive all payments made pursuant to any such loan agreement or sale of any loan or loan commitment and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of said housing finance authority as the court shall direct.(2) To require the housing finance authority and the members thereof to account as if it and they were the trustees of an express trust.History.—s. 18, ch. 78-89; s. 892, ch. 95-147.
FL Stat § 159.619 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 159 - Bond Financing|Part IV - Housing Finance Authorities (Ss. 159.601-159.623)|159.619 - Availability of financing.

159.619 Availability of financing.—As long as a shortage of housing exists, a housing finance authority shall not unreasonably refuse to participate in the financing of any qualifying housing development upon request.History.—s. 19, ch. 78-89.