Florida Statute 159.602 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 159
BOND FINANCING

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F.S. 159.602

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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F.S. 159.602 on Casetext

Amendments to 159.602

Arrestable Offenses / Crimes under Fla. Stat. 159.602

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 159.602.

Annotations, Discussions, Cases:

Cases Citing Statute 159.602

Total Results: 8

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Court: Florida Attorney General Reports | Date Filed: 2009-10-13

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

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Court: Florida Attorney General Reports | Date Filed: 2009-04-23

Snippet: finance authority is established, pursuant to s.159.602, including, as further described in s. 159.8075

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Court: Florida Attorney General Reports | Date Filed: 2000-03-01

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

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Court: Florida Attorney General Reports | Date Filed: 1996-09-24

Snippet: Section 159.602(1), Fla. Stat. (1995). 3 Section 159.602(2), Fla. Stat. (1995). 4 Section 159.602(3), Fla

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Court: Florida Attorney General Reports | Date Filed: 1990-08-13

Snippet: Section 159.602, F.S. 4 Section 159.602(3), F.S. 5 See, ss. 159.612-159.616, F.S. And see, s. 159.602(4),

State v. Housing Finance Authority of Pinellas County

Court: Supreme Court of Florida | Date Filed: 1987-05-07

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

Snippet: 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

Court: Supreme Court of Florida | Date Filed: 1979-11-01

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

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

State v. HOUSING FINANCE AUTH. OF POLK CTY.

Court: Supreme Court of Florida | Date Filed: 1979-11-01

Citation: 376 So. 2d 1158

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