Florida Statute 159.602 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 159
BOND FINANCING

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F.S. 159.602

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.

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Amendments to 159.602

Annotations, Discussions, Cases:

Cases Citing Statute 159.602

Total Results: 8

State v. HOUSING FINANCE AUTH. OF POLK CTY.

376 So. 2d 1158

Supreme Court of Florida | Filed: Nov 1, 1979 | Docket: 1734189

Cited 46 times | Published

public concern. § 159.602(3), Fla. Stat. (1978). These findings contained in section 159.602, Florida Statutes

Ago

Florida Attorney General Reports | Filed: Oct 13, 2009 | Docket: 3258557

Published

604(1), Fla. Stat. 12 Section 159.602(1) and (2), Fla. Stat. 13 Section 159.602(3), Fla. Stat. 14 Section

Ago

Florida Attorney General Reports | Filed: Apr 23, 2009 | Docket: 3257577

Published

Section 159.601, Fla. Stat. 3 Section 159.602, Fla. Stat. 4 Section 159.602(3), Fla. Stat. 5 See ss. 159

Ago

Florida Attorney General Reports | Filed: Mar 1, 2000 | Docket: 3257461

Published

the act. 2 Section 159.602(1), Fla. Stat. 3 Section 159.602(2), Fla. Stat. 4 Section 159.602(3), Fla. Stat

Ago

Florida Attorney General Reports | Filed: Sep 24, 1996 | Docket: 3256830

Published

the title of the act. 2 Section 159.602(1), Fla. Stat. (1995). 3 Section 159.602(2), Fla. Stat. (1995)

Ago

Florida Attorney General Reports | Filed: Aug 13, 1990 | Docket: 3259043

Published

2 Section 159.604(1), F.S. 3 Section 159.602, F.S. 4 Section 159.602(3), F.S. 5 See, ss. 159.612-159

State v. Housing Finance Authority of Pinellas County

506 So. 2d 397, 12 Fla. L. Weekly 232, 1987 Fla. LEXIS 1851

Supreme Court of Florida | Filed: May 7, 1987 | Docket: 64626826

Published

Authority, 376 So.2d 1158 (Fla.1979). Pursuant to section 159.602, Florida Statutes (1985), the Florida Legislature

State v. Housing Finance Authority of Polk County

376 So. 2d 1158, 1979 Fla. LEXIS 4826

Supreme Court of Florida | Filed: Nov 1, 1979 | Docket: 64572800

Published

public concern. § 159.602(3), Fla.Stat. (1978). These findings contained in section 159.-602, Florida Statutes