Florida Statute 243.66 | 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. 243.66

243.66 Payment of bonds.—Revenue bonds issued under ss. 243.50-243.77 are not a debt or liability of the authority, any municipality, the state, or any political subdivision thereof, and are not a pledge of the faith and credit of the state, the authority, any municipality, or any political subdivision thereof, but are payable solely from revenues of the authority pertaining to the project relating to the issue; payments by participating institutions of higher education, banks, insurance companies, or others under letters of credit or purchase agreements; investment earnings from funds or accounts maintained under the bond resolution; insurance proceeds; loan funding deposits; proceeds of sales of education loans; proceeds of refunding obligations; and fees, charges, and other revenues of the authority from the project. All revenue bonds must contain on the face thereof a statement to the effect that neither the authority nor any municipality, the state, or any political subdivision thereof is obligated to pay the bond or the interest thereon except from revenues of the project or the portion thereof for which they are issued, and that neither the faith and credit nor the taxing power of the authority, any municipality, the state, or any political subdivision thereof is pledged to the payment of the principal of or the interest on the bonds. The issuance of revenue bonds under ss. 243.50-243.77 may not directly, indirectly, or contingently obligate the authority, any municipality, the state, or any political subdivision thereof to levy or to pledge any form of taxation therefor or to make any appropriation for their payment.

History.—s. 17, ch. 2001-79.

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Amendments to 243.66

Arrestable Offenses / Crimes under Fla. Stat. 243.66

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 243.66.

Annotations, Discussions, Cases:

Cases Citing Statute 243.66

Total Results: 3

Marine Resource Development Foundation, Inc. v. Moore

Court: District Court of Appeal of Florida | Date Filed: 2013-07-03

Citation: 121 So. 3d 1072, 2013 WL 3336865, 2013 Fla. App. LEXIS 10600

Snippet: Purdy (The Jack-O-Lantern), 258 U.S. 96, 42 S.Ct. 243, 66 L.Ed. 482 (1922). This case was cited by U.S. Coast

Scott v. State

Court: District Court of Appeal of Florida | Date Filed: 1993-12-14

Citation: 629 So. 2d 238, 1993 WL 513941

Snippet: (4th Cir.), cert. denied, 449 U.S. 887, 101 S.Ct. 243, 66 L.Ed.2d 113 (1980), distinguishing Delaware v.

National Container Corp. v. State Ex Rel. Stockton

Court: Supreme Court of Florida | Date Filed: 1939-05-16

Citation: 189 So. 4, 138 Fla. 32

Snippet: case of Canada Paper Co. v. Brown, 63 Con. S.C. 243, 66 Dominion Law Reports 287, where the suit to restrain