Florida Statute 132.15 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 132
GENERAL REFUNDING LAW

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F.S. 132.15

132.15 Provision for conditional increase of rate of interest.—If the refunding bonds bear a lower rate of interest than the bonds for which they are exchanged, either the resolution authorizing the bonds or the refunding bonds themselves may provide that the refunding bonds shall bear the lower rate of interest only so long as the unit shall not be in default of any agreement or obligations to the holders and that after any such default, or at the option of the holders after any such default, the refunding bonds shall bear the same rate of interest as the bonds for which they were exchanged. The unit may impose limitations on the right to exercise such option, and may provide that the option may only be exercised after a period of default, or by the holders of a certain amount or proportion of bonds, all as provided in the said resolution or in the refunding bonds, and if the right to the higher interest accrues may agree to substitute new bonds and coupons bearing such higher interest.

History.—s. 15, ch. 15772, 1931; CGL 1936 Supp. 2383(15).

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Amendments to 132.15

Arrestable Offenses / Crimes under Fla. Stat. 132.15

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 132.15.

Annotations, Discussions, Cases:

Cases Citing Statute 132.15

Total Results: 3

LYNN MARTINEZ-OLSON v. THE ESTATE OF DAN OLSON

Court: District Court of Appeal of Florida | Date Filed: 2021-09-01

Snippet: named beneficiary. 674 F.3d at 132. 15 concern of expeditious payment

The Florida Bar v. Brownstein

Court: Supreme Court of Florida | Date Filed: 2007-03-29

Citation: 953 So. 2d 502, 32 Fla. L. Weekly Supp. 119, 2007 Fla. LEXIS 560, 2007 WL 924171

Snippet: 14,000.00 ( 11,132.15) 02-06-04 From L.A.B. 14,500

Florida Industrial Commission v. Growers Equipment Co.

Court: Supreme Court of Florida | Date Filed: 1943-03-23

Citation: 12 So. 2d 889, 152 Fla. 595, 1943 Fla. LEXIS 980

Snippet: Sumatra Tobacco Corp. v. Tone, *Page 606 127 Conn. 132, 15 A.2d 80; Carstens Packing Co. v. Industrial Accident