Florida Statute 344.261 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXVI
PUBLIC TRANSPORTATION

Chapter 344
COUNTY ROAD AND BRIDGE INDEBTEDNESS

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F.S. 344.261

344.261 State Board of Administration; debt service; approval of bonds or debentures and plan for their retirement.—

(1) Before entering into a lease-purchase agreement with any county, road and bridge district, or any other agency covering any road, bridge, ferry, or other transportation facility or facilities, which agreement pledges rental and purchase payments by the Department of Transportation to apply on retirement of the debt incurred or to be incurred for the construction or supplying of such transportation facility, and which debt will, in consequence of s. 344.26, be administered by the State Board of Administration, the department shall first secure from the State Board of Administration a statement approving the legal and fiscal sufficiency of such bonds or debentures and the plan for their retirement.

(2) This section shall be considered as supplementing and cumulative to existing laws and shall be effective as to any agreements entered into after June 9, 1951.

History.—ss. 1, 2, ch. 26954, 1951; ss. 23, 35, ch. 69-106; s. 9, ch. 70-239.

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Amendments to 344.261

Arrestable Offenses / Crimes under Fla. Stat. 344.261

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 344.261.

Annotations, Discussions, Cases:

Cases Citing Statute 344.261

Total Results: 1

State v. Jacksonville Expressway Authority

Court: Supreme Court of Florida | Date Filed: 1957-03-29

Citation: 93 So. 2d 870, 1957 Fla. LEXIS 3377

Snippet: State Board of Administration. Sections 344.26 and 344.261, Florida Statutes 1955, F.S.A., are the predicate