Florida Statute 255.52 - Full Text and Legal Analysis

255.52 Approval by State Board of Administration.—At or prior to the sale by the division, all obligations proposed to be issued by the division shall be approved by the State Board of Administration as to fiscal sufficiency. The State Board of Administration shall look to the rate coverage of all pool pledged revenues, as projected by the Department of Management Services, with respect to all proposed and outstanding obligations issued under this act:

(1) One hundred and ten percent of debt service charges; plus

(2) One hundred percent of capital depreciation reserved deposits, if any; plus

(3) One hundred percent of costs of operation and maintenance.

With respect to variable rate obligations, such evaluation shall be made at the interest rate for the date of sale determined as provided in s. 255.519.

History.—s. 19, ch. 85-349; s. 3, ch. 86-222; s. 37, ch. 98-279.

Cases Citing F.S. 255.52

Fla. Stat. § 255.52 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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Mark C. Arnold Constr. Co. v. Sch. Bd. of Orange Cnty., 598 So. 2d 329 (Fla. Dist. Ct. App. 1992).
Published | District Court of Appeal of Florida | 1992 Fla. App. LEXIS 6344, 1992 WL 111390
is from a declaratory judgment holding that section 255.052, Florida Statutes (1991), does not apply to
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Ago (Fla. Att'y Gen. 1977).
Published | Florida Attorney General Reports
buildings for such local governments? SUMMARY: Section 255.052, F. S., authorizing contractors to elect to

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Cases Citing F.S. 255.52

Mark C. Arnold Constr. Co. v. Sch. Bd. of Orange Cnty., 598 So. 2d 329 (Fla. Dist. Ct. App. 1992).

Ago (Fla. Att'y Gen. 1977).