reglab/housing_qa huggingface dataset:
FL Stat § 132.22 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.22 - Levy of Ad Valorem Tax for Payment of Bonds.

132.22 Levy of ad valorem tax for payment of bonds.—(1) In each year while any of the bonds shall be outstanding there shall be levied by or under the authority of the governing board upon all taxable property in the unit, an ad valorem tax sufficient to pay the interest and principal of such refunding bonds and any sinking funds which may be provided for by the bonds, or by the proceedings authorizing the sale, provided, however, that when there shall be in any fund or funds provided for such bonds, interest and sinking fund, an amount exceeding the amount at that time required for such fund or funds, the ad valorem tax required by this section for the current year may be reduced in the amount of such excess.(2) It is expressly provided that in the case of taxing districts where bonds have been issued and are outstanding, which bonds are payable exclusively out of special assessments levied for the payment of such bonds, that no authority to levy an ad valorem tax upon the property of such taxing district shall be conferred or exist under this chapter, unless the same shall be duly authorized or approved by the affirmative vote of a majority of the taxpayers who are the owners of freeholds in said unit not wholly exempt from taxation voting at an election called and held under the provisions of law relating to the issuance of bonds under s. 12, Art. VII of the State Constitution and such election shall be called within 60 days after the governing body of such taxing district shall receive a petition requesting the same signed by a number of owners of freeholds not wholly exempt from taxation equal to 25 percent of the qualified electors who are owners of such freeholds residing in such district and by the holder or holders of a majority in amount of the bonds or outstanding indebtedness to be refunded, but nothing in this chapter shall preclude the issuance of refunding bonds under this chapter when such refunding bonds are issued and are provided to be supported by the proceeds of special assessments of the same kind and character as were provided for the issue which is refunded.History.—s. 22, ch. 15772, 1931; CGL 1936 Supp. 2383(22); s. 15, ch. 69-216.
FL Stat § 132.23 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.23 - Tax by Municipalities; Bonds to Constitute General Obligations; Debt Limit Inapplicable.

132.23 Tax by municipalities; bonds to constitute general obligations; debt limit inapplicable.—(1) In case of refunding bonds issued by municipalities it shall be the duty of the governing board of the municipality charged by law with determining and fixing the amount of general property taxes for any fiscal year of the municipality, to ascertain the amount of:(a) Principal and interest of refunding bonds due in such year for which moneys are not in hand.(b) Principal and interest of refunding bonds due prior to such year and which are then or will be in default in such year, together with interest thereon.(c) Sinking fund payments due in such year or due prior to such year and which are then or will be in default in such year.(d) Such additional sum as may be necessary to make up for the estimated failure to collect taxes in such year.(2) The said governing body of the municipality shall determine and fix the total of said sums as the amount to be raised by tax in addition to all other taxes for said fiscal year. The said amount shall thereupon be apportioned against, and levied and assessed on, all property subject to taxation in the manner provided by law, for taxes for other purposes in the municipalities and shall be collected and applied to such purpose by the official of the municipality charged by law with duty of apportioning, levying, assessing, collecting and applying taxes for other purposes.(3) The refunding bonds issued in pursuance of this chapter by municipalities shall be general and unlimited obligations of the municipalities and the full faith and credit of the municipality is hereby irrevocably pledged for their payment. The municipality and each and every official and governing board thereof shall levy, assess, apportion and collect on and from all taxable real and personal property in the municipality such taxes as shall be sufficient to pay the interest and principal of the refunding bonds as they become due and payable.(4) No other section of this chapter or of any other law, or of any agreement or resolution made by the municipality shall be construed to limit or restrict the powers or obligations of the municipality under this chapter and the provisions of any resolution of the municipality made pursuant to this chapter shall be construed as supplemental hereto for the greater protection of the refunding bonds, and shall not be construed as limiting or restricting the application of this section.(5) All refunding bonds issued pursuant to the provisions of this chapter shall not be subject to any limitation or indebtedness prescribed by any statutes, charter or other special act relating to the municipality.History.—s. 23, ch. 15772, 1931; CGL 1936 Supp. 2383(23).
FL Stat § 132.24 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.24 - Elections, Notice, Etc.

132.24 Elections, notice, etc.—Any election which may be held to determine whether any such refunding bonds shall be issued, if required by the Constitution of the state, shall be called, noticed and conducted, and the result thereof determined and declared as shall have been or may be required by law for the issuance of any bonds of the unit proposing to issue the bonds herein authorized; but if an election be not required by the Constitution and nevertheless be held, it may be called, noticed and conducted, and the result thereof determined and declared, in such manner as the governing body may provide by resolution. It shall not be necessary to hold any election for the issuance of any refunding bond, except in those cases in which an election is required by the Constitution of the state.History.—s. 24, ch. 15772, 1931; CGL 1936 Supp. 2383(24).
FL Stat § 132.25 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.25 - Creation and Maintenance of Sinking Fund.

132.25 Creation and maintenance of sinking fund.—The governing authority of any unit in contracting for the sale of any bonds may provide for the creation and maintenance of the necessary sinking fund out of proceeds of sales of lands, and levy of taxes, and proceeds of mortgages.History.—s. 25, ch. 15772, 1931; CGL 1936 Supp. 2383(25).
FL Stat § 132.26 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.26 - Chapter Supplemental and Additional.

132.26 Chapter supplemental and additional.—This chapter is intended as a supplemental and additional grant of power to each and all the various units of the state as hereinabove defined and shall apply as well to all municipalities whether heretofore or hereafter incorporated either under general or special act, and shall not supplant or repeal any existing powers for the issuance of funding or refunding bonds or any provisions of law of bonds issued under such powers, or for the custody of moneys provided for such payment, but shall nevertheless repeal all laws and parts of laws, general or special, so far as the same may be inconsistent with the complete exercise of any and all powers herein granted or may deny the right to exercise any power herein granted as to the levy of taxes upon all taxable property of such unit or as to the custody of moneys provided for the payment of bonds or as to any other thing.History.—s. 26, ch. 15772, 1931; CGL 1936 Supp. 2383(26).
FL Stat § 132.27 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.27 - Chapter Complete Within Itself.

132.27 Chapter complete within itself.—This chapter constitutes full authority for the things herein authorized, and no proceedings, publications, notices, consents or approval shall be required for the doing of the things herein authorized except as are herein prescribed and required. This chapter shall be deemed complete within itself, except insofar as other laws are specifically made applicable, nor shall powers hereby granted be restricted or limited by any other law.History.—s. 27, ch. 15772, 1931; CGL 1936 Supp. 2383(27).
FL Stat § 132.28 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.28 - Chapter Applicable to School Districts.

132.28 Chapter applicable to school districts.—In the event that any school district shall be authorized by the Constitution and laws of this state to legally issue refunding bonds the provisions of this chapter shall be deemed to apply to such school district.History.—s. 29, ch. 15772, 1931; CGL 1936 Supp. 2383(28).
FL Stat § 132.29 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.29 - Validation.

132.29 Validation.—Refunding bonds provided to be issued under this chapter shall be subject to validation and judicial proceedings in like manner and with like force and effect as bonds generally are provided to be validated by judicial proceedings under the laws of this state.History.—s. 30, ch. 15772, 1931; CGL 1936 Supp. 2383(29).
FL Stat § 132.30 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.30 - Chapter Applicable to All Taxing Districts.

132.30 Chapter applicable to all taxing districts.—This chapter shall apply to taxing districts of every character and description provided for under the general or special laws of this state, whether consisting of portions of a county or of territory located in more than one county.History.—s. 31, ch. 15772, 1931; CGL 1936 Supp. 2383(30).
FL Stat § 132.31 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.31 - No Other Proceedings Required.

132.31 No other proceedings required.—No proceedings shall be required to be taken as to the issuance of any refunding bonds under this chapter except those prescribed by this chapter, any provisions of any other laws, general or special, to the contrary notwithstanding.History.—s. 33, ch. 15772, 1931; CGL 1936 Supp. 2383(32).
FL Stat § 132.32 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.32 - Replacement of Bonds.

132.32 Replacement of bonds.—In case any coupon bonds and the coupons thereunto appertaining, or any registered bonds, shall become mutilated or be destroyed, a new bond shall be prepared at the expense of the applicant, and be executed and delivered, of like tenor, amount, date and series in exchange and substitution for the mutilated or destroyed bond or coupons. In case of destruction the applicant for a substituted bond shall furnish to the unit satisfactory evidence of its destruction and shall also give such security and indemnity as may be required for it.History.—s. 34, ch. 15772, 1931; CGL 1936 Supp. 2383(33).
FL Stat § 132.33 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.33 - Short Title.

132.33 Short title.—Sections 132.33-132.47 may be cited as the “Advance Refunding Law.”History.—s. 1, ch. 86-181.
FL Stat § 132.36 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.36 - Refunding Bond Resolution; Form and Contents.

132.36 Refunding bond resolution; form and contents.—(1) The issuance of general obligation refunding bonds shall be authorized by a refunding bond resolution. Each such resolution shall contain, in substance, at least the following:(a) The maximum principal amount of general obligation refunding bonds authorized to be issued pursuant thereto.(b) A determination that such maximum principal amount of general obligation refunding bonds does not exceed the limitation imposed by s. 132.35.(c) Identification of the outstanding general obligation bonds to be refunded.(d) The financial plan for the refunding proposed, showing the sources and amounts of all moneys required to accomplish such refunding; containing an estimate of the present value of the total debt service savings anticipated, computed in accordance with s. 132.35(2); and containing a statement that the general obligation refunding bonds will bear a lower net average interest cost rate than the general obligation bonds to be refunded.(2) Without the assent of the electors, the refunding bond resolution may pledge to the payment of principal and interest of general obligation refunding bonds or to a sinking fund for such bonds only:(a) Such revenue or other security as is pledged to the payment of the general obligation bonds to be refunded;(b) To the extent required by the refunding financial plan, all or a portion of the principal of and the interest on the moneys held in escrow by the escrow agent; and(c) Such other revenue or security as may otherwise be pledged by the unit without assent of the electors for and toward the payment of its general obligation bonds.History.—s. 1, ch. 86-181.
FL Stat § 132.37 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.37 - Levy of Ad Valorem Tax for Payment of General Obligation Refunding Bonds.

132.37 Levy of ad valorem tax for payment of general obligation refunding bonds.—In each fiscal year while any general obligation refunding bonds shall be outstanding there shall be levied, by or under the authority of the governing body upon all taxable property in the unit, an ad valorem tax sufficient to pay the interest and principal of such general obligation refunding bonds and any sinking funds which may be provided for by the general obligation refunding bonds or by the proceedings authorizing the sale thereof. However, when there shall be in any fund or funds provided for such general obligation refunding bonds, or any interest or sinking fund, any amount exceeding the amount at that time required for such fund or funds, the ad valorem tax required by this section for the then-current fiscal year may be reduced in the amount of such excess.History.—s. 1, ch. 86-181.
FL Stat § 132.38 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.38 - Sale of General Obligation Refunding Bonds.

132.38 Sale of general obligation refunding bonds.—General obligation refunding bonds shall be sold in the manner provided in s. 218.385 and at an interest rate not to exceed the maximum interest rate set forth in s. 215.84.History.—s. 1, ch. 86-181.
FL Stat § 132.39 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.39 - Certification of Debt Service Savings.

132.39 Certification of debt service savings.—No general obligation refunding bonds shall be issued pursuant to s. 132.35 unless the chief financial officer of the unit, or such other official as may be designated by the governing body, shall have first filed with the governing body of the unit a certificate, which shall be final and conclusive upon all parties:(1) Setting forth the present value of the total debt service savings which will result from the issuance of the general obligation refunding bonds computed in accordance with the provisions of s. 132.35; and(2) Demonstrating mathematically that the general obligation refunding bonds are issued at a lower net average interest cost rate than the net average interest cost rate borne by the general obligation bonds to be refunded.History.—s. 1, ch. 86-181.
FL Stat § 132.40 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.40 - Notice to Holders of General Obligation Bonds to Be Redeemed; Covenant With Holders of General Obligation Refunding Bonds.

132.40 Notice to holders of general obligation bonds to be redeemed; covenant with holders of general obligation refunding bonds.—(1) Prior to the issuance of general obligation refunding bonds, the governing body of the unit shall adopt a resolution electing to call and redeem such portion of the general obligation bonds to be refunded as is to be called for payment prior to the date of their maturity in accordance with the refunding financial plan. The resolution adopted pursuant to this subsection shall authorize and direct the escrow agent, in the name of the unit, to cause notice of such call for redemption to be given as required by law and the terms of the bonds to be refunded.(2) Upon the issuance of the refunding bonds, the election to call and redeem all or a portion of the general obligation bonds to be refunded and the direction to the escrow agent to cause notice thereof to be given contained in the resolution adopted pursuant to subsection (1) shall become irrevocable, and the provisions of such resolution shall constitute a contract with the holders of general obligation bonds to be refunded and the general obligation refunding bonds.History.—s. 1, ch. 86-181.
FL Stat § 132.41 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.41 - Duties and Obligations of Escrow Agent.

132.41 Duties and obligations of escrow agent.—The chief financial officer of the unit, or such other official as the governing body shall designate, prior to the issuance of general obligation refunding bonds, shall notify the escrow agent of its appointment and of the intention of the unit to issue general obligation refunding bonds and, on behalf of the unit, shall enter into an escrow agreement with the escrow agent in respect of the escrowing of the proceeds, inclusive of any premium, from the sale of such general obligation refunding bonds, together with all income derived from the investment of such proceeds, and any other moneys to be provided by the unit to effectuate the refunding financial plan. Each escrow agreement shall contain such terms and conditions as shall be necessary in order to accomplish the refunding financial plan, including, without limiting the generality of the foregoing, provisions for the escrow agent, without further authorization or direction from the unit, except as otherwise provided therein:(1) To make all required payments of principal, interest, and redemption premium to the appropriate paying agent with respect to either the general obligation bonds to be refunded or the general obligation refunding bonds;(2) To pay the refunding expenses;(3) At the appropriate time or times to cause to be given on behalf of the unit such notice or notices of redemption, if any, authorized to be given in respect of the general obligation bonds to be refunded; and(4) To invest the moneys held by it in accordance with the refunding financial plan and the direction of the chief financial officer of the unit. Each escrow agreement shall be irrevocable and shall constitute a covenant with the holders of the general obligation refunding bonds and the general obligation bonds to be refunded to which it relates.History.—s. 1, ch. 86-181.
FL Stat § 132.42 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.42 - Investment of Escrow Funds.

132.42 Investment of escrow funds.—Funds held in escrow by the escrow agent under an escrow agreement entered into pursuant to s. 132.41 may be held uninvested or may be invested only in direct obligations of the United States of America or in obligations the principal of and interest on which are unconditionally guaranteed by the United States of America, which obligations shall mature or be subject to redemption at the option of the holder thereof in such amounts and on such dates as funds will be required to make payments in accordance with the refunding financial plan. Any moneys remaining in the custody of the escrow agent after the full satisfaction of all obligations to be paid from moneys held in escrow by the escrow agent under the escrow agreement shall be returned to the unit and, if any general obligation refunding bonds remain outstanding, shall be applied by the unit to the payment of the principal of or interest on such general obligation refunding bonds.History.—s. 1, ch. 86-181.
FL Stat § 132.43 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.43 - Pledge and Use of Proceeds of General Obligation Refunding Bonds.

132.43 Pledge and use of proceeds of general obligation refunding bonds.—That portion of such proceeds from the sale of general obligation refunding bonds, together with any other moneys placed in escrow by the unit and together with interest earned thereon, which shall be required for the payment of the principal of and interest on general obligation bonds to be refunded or the general obligation refunding bonds, in accordance with the refunding financial plan, shall be irrevocably committed and pledged to such purpose and the holders of such general obligation bonds to be refunded or such general obligation refunding bonds, respectively, shall have a lien upon such moneys and the investments thereof. The pledges and liens provided for in this section shall become valid and binding upon the issuance of the general obligation refunding bonds and the moneys and investments held by the escrow agent shall immediately be subject thereto without any further act. Such pledges and liens shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the unit irrespective of whether such parties have notice thereof. Neither the refunding bond resolution, the escrow agreement, nor any other instrument relating to such pledges and liens need be filed or recorded.History.—s. 1, ch. 86-181.
FL Stat § 132.44 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.44 - Powers in Addition to Other Powers Granted.

132.44 Powers in addition to other powers granted.—The powers granted by ss. 132.33-132.47 to issue general obligation refunding bonds shall be deemed to be in addition to the provisions of ss. 132.01-132.32, and in addition to any other powers or authority provided by law. Sections 132.33-132.47 constitute full authority for the things herein authorized, and no proceedings, publications, notices, consents, or approval shall be required for the doing of the things herein authorized, except as are herein prescribed and required. Sections 132.33-132.47 shall be deemed complete within themselves, except insofar as other laws are expressly made applicable, and the powers hereby granted shall not be restricted or limited by any other law.History.—s. 1, ch. 86-181.
FL Stat § 132.45 (2021)
2021 Florida Statutes|Title XI - County Organization and Intergovernmental Relations|Chapter 132 - General Refunding Law|132.45 - Recital in General Obligation Refunding Bonds.

132.45 Recital in general obligation refunding bonds.—All general obligation refunding bonds issued pursuant to ss. 132.33-132.47 shall contain a recital that they are issued pursuant to ss. 132.33-132.47.History.—s. 1, ch. 86-181.