Florida Statute 190.017 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIII
PLANNING AND DEVELOPMENT

Chapter 190
COMMUNITY DEVELOPMENT DISTRICTS

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F.S. 190.017

190.017 Trust agreements.—Any issue of bonds shall be secured by a trust agreement by and between the district and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the state. The resolution authorizing the issuance of the bonds or such trust agreement may pledge the revenues to be received from any projects of the district and may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as the board may approve, including, without limitation, covenants setting forth the duties of the district in relation to: the acquisition, construction, reconstruction, improvement, maintenance, repair, operation, and insurance of any projects; the fixing and revising of the rates, fees, and charges; and the custody, safeguarding, and application of all moneys and for the employment of consulting engineers in connection with such acquisition, construction, reconstruction, improvement, maintenance, repair, or operation. It shall be lawful for any bank or trust company within or without the state which may act as a depository of the proceeds of bonds or of revenues to furnish such indemnifying bonds or to pledge such securities as may be required by the district. Such resolution or trust agreement may set forth the rights and remedies of the bondholders and of the trustee, if any, and may restrict the individual right of action by bondholders. The board may provide for the payment of proceeds of the sale of the bonds and the revenues of any project to such officer, board, or depository as it may designate for the custody thereof and may provide for the method of disbursement thereof with such safeguards and restrictions as it may determine. All expenses incurred in carrying out the provisions of such resolution or trust agreement may be treated as part of the cost of operation of the project to which such trust agreement pertains.

History.—s. 2, ch. 80-407.

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Amendments to 190.017

Arrestable Offenses / Crimes under Fla. Stat. 190.017

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 190.017.

Annotations, Discussions, Cases:

Cases Citing Statute 190.017

Total Results: 4

King v. Citizens & Southern Nat. Bank of Atlanta, Ga.

Court: Fla. Dist. Ct. App. | Date Filed: 1960-03-16T23:53:00-08:00

Citation: 119 So. 2d 67

Snippet: distribution of partnership assets should be $97,190.17 instead of the figure of $28,666.68, the latter

State v. City of Daytona Beach

Court: Fla. | Date Filed: 1934-12-28T00:00:00-08:00

Citation: 158 So. 300, 118 Fla. 29

Snippet: Wisconsin Central R. Co. v. United States, 164 U.S. 190, 17 Sup. Ct. Rep. 45, 41 L.Ed. 399, as authority for

Gould v. State

Court: Fla. | Date Filed: 1930-03-26T00:00:00-08:00

Citation: 127 So. 309, 99 Fla. 662

Snippet: power, see In re Ebbs, 150 N.C. 44, 63 So. E. R. 190, 17 Ann. Cas. 592, 19 L. R. A. (N. S.) 892; In re Saddler

State Ex Rel. Johnson v. City of Sarasota

Court: Fla. | Date Filed: 1926-08-06T00:00:00-08:00

Citation: 109 So. 473, 92 Fla. 563

Snippet: civil proceedings." State v. Gleason, 12 Fla. 190; 17 Encyc. Pldg. Prac. 457; 32 Cyc. 1447; State v.