Florida Statute 159.49 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 159
BOND FINANCING

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F.S. 159.49

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.

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Amendments to 159.49

Arrestable Offenses / Crimes under Fla. Stat. 159.49

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 159.49.

Annotations, Discussions, Cases:

Cases Citing Statute 159.49

Total Results: 5

Simmons v. State

Court: District Court of Appeal of Florida | Date Filed: 1996-11-26

Citation: 683 So. 2d 1101, 1996 WL 678686

Snippet: Superior Court of San Diego County, 64 Cal.2d 159, 49 Cal. Rptr. 302, 410 P.2d 838 (1966), the case upon

State v. Drab

Court: District Court of Appeal of Florida | Date Filed: 1989-06-28

Citation: 546 So. 2d 54, 1989 WL 69165

Snippet: the case of Ballard v. People, 1966, 64 Cal.2d 159, 49 Cal. Rptr. 302, 410 P.2d 838, and in an annotation

Ago

Court: Florida Attorney General Reports | Date Filed: 1980-07-30

Snippet: See s. 159.47(6) and (7) respectively. See also s.159.49(3), stating that bonds may be issued under part

Dinkins v. State

Court: District Court of Appeal of Florida | Date Filed: 1971-02-17

Citation: 244 So. 2d 148

Snippet: the case of Ballard v. People, 1966, 64 Cal.2d 159, 49 Cal. Rptr. 302, 410 P.2d 838, and in an annotation

Knott v. Morris, as Successor Trustee

Court: Supreme Court of Florida | Date Filed: 1931-03-28

Citation: 134 So. 615, 101 Fla. 1299

Snippet: hundred fifty-nine dollars, forty-nine cents ($10,159.49). It is further alleged that prior to its closing