Florida Statute 243.62 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XVI
TEACHERS' RETIREMENT SYSTEM; HIGHER EDUCATIONAL FACILITIES BONDS

Chapter 243
HIGHER EDUCATIONAL FACILITIES BONDS

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F.S. 243.62

243.62 Covenants.—Any resolution authorizing the issuance of bonds may contain any covenants the authority considers advisable, including those provisions set forth in s. 243.61(5), and all those covenants constitute valid and legally binding and enforceable contracts between the authority and the bondholders, regardless of the time of issuance thereof. The covenants may include, without limitation, covenants concerning the disposition of the bond proceeds; the use and disposition of project revenues; the pledging of revenues and assessments; the obligations of the authority with respect to the operation of the project and the maintenance of adequate project revenues; the issuance of additional bonds; the appointment, powers, and duties of trustees and receivers; the acquisition of outstanding bonds and obligations; restrictions on the establishment of competing projects or facilities; restrictions on the sale or disposal of the assets and property of the authority; the maintenance of deposits to assure the payment of the bonds issued under ss. 243.50-243.77; acceleration upon default; the execution of necessary instruments; the procedure for amending or abrogating covenants with the bondholders; and any other covenants considered necessary for the security of the bondholders.

History.—s. 13, ch. 2001-79.

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Amendments to 243.62

Arrestable Offenses / Crimes under Fla. Stat. 243.62

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 243.62.

Annotations, Discussions, Cases:

Cases Citing Statute 243.62

Total Results: 2

Barnett Bank of Clearwater, NA v. Folsom

Court: District Court of Appeal of Florida | Date Filed: 1975-01-15

Citation: 306 So. 2d 186

Snippet: 278; Smith v. Kincaid (6th Cir.1957), 249 F.2d 243; 62 Am.Jur.2d, Process, § 99; Restatement of Judgments

Morgan v. Mortgage Discount Co.

Court: Supreme Court of Florida | Date Filed: 1930-07-01

Citation: 129 So. 589, 100 Fla. 124

Snippet: that neither the semi-annual interest accruing of $243.62 nor any part of the principal balance due has been