Florida/Georgia Personal Injury & Workers Compensation

You're probably overthinking it. Call a lawyer.

Call Now: 904-383-7448
Florida Statute 243.28 - Full Text and Legal Analysis Florida Statute 243.28 | Lawyer Caselaw & Research
Fla. Stat. § 243.28 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
243.28 Security of bondholders.—In the discretion of the authority any revenue bonds issued under the provisions of this part may be secured by a trust agreement by and between the authority 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. Such trust agreement or the resolution providing for the issuance of such revenue bonds may pledge or assign the revenues to be received or proceeds of any contract or contracts pledged and may convey or mortgage the project or any portion thereof. Such trust agreement or resolution providing for the issuance of such revenue bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including particularly such provisions as have hereinabove been specifically authorized to be included in any resolution or resolutions of the authority authorizing revenue bonds thereof. Any bank or trust company incorporated under the laws of this state which may act as depository of the proceeds of bonds or of revenues or other moneys may furnish such indemnifying bonds or pledge such securities as may be required by the authority. Any such trust agreement may set forth the rights and remedies of the bondholders and of the trustee or trustees, and may restrict the individual right of action by bondholders. In addition to the foregoing, any such trust agreement or resolution may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust agreement or resolution may be treated as a part of the cost of the operation of a project.
History.—s. 11, ch. 69-345.

Cases Citing F.S. 243.28

Fla. Stat. § 243.28 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
1 resultSort: Relevance · Newest · Treatment
Copy

·Nohrr v. Brevard Cnty. Educ. Fac. Auth., 247 So. 2d 304 (Fla. 1971).

Cited 69 times | Published | Supreme Court of Florida

...Defendant objects because any money which may be collected is not required to be held in a depository as prescribed in Fla. Stat., Chs. 136, 219 and 659, F.S.A. This objection is without merit for the provisions cited apply to county money. Fla. Stat. § 243.28, F.S.A., authorizes the appointment of a bank within or without the state as trustee for revenue bonds of an Educational Facilities Authority....
1 red0 yellow24 green0 procedural
Receded from(citing case) (1988)
phrase: "receded from"
Cited as authorityDonovan (2012)
phrase: "rule_authority"
Cited as authority(citing case) (2010)
phrase: "rule_authority"
Open case for full Syfertize analysis →

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). For legal consultation, call 904-383-7448.