Florida Statute 518.09 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 518
INVESTMENT OF FIDUCIARY FUNDS

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F.S. 518.09

518.09 Housing bonds legal investments and security.—The state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, all insurance companies, insurance associations, and other persons carrying on an insurance business, and guardians holding funds received from or currently in receipt of funds from the United States Department of Veterans Affairs to the extent of those funds alone may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any bonds or other obligations issued by a housing authority pursuant to the Housing Authorities Law of this state (chapter 421), or issued by any public housing authority or agency in the United States, when such bonds or other obligations are secured by a pledge of annual contributions to be paid by the United States Government or any agency thereof, and such bonds and other obligations shall be authorized security for all public deposits; it being the purpose of this section to authorize any person, associations, political subdivisions, bodies, and officers, public or private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension, and trust funds, and funds held on deposit, for the purchase of any bonds or other obligations; provided, however, that nothing contained in this section shall be construed as relieving any person from any duty of exercising reasonable care in selecting securities.

History.—ss. 1, 2, 3, ch. 19512, 1939; CGL 1940 Supp. 7100(3-nn); s. 4, ch. 28154, 1953; s. 27, ch. 93-268.

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F.S. 518.09 on Casetext

Amendments to 518.09

Arrestable Offenses / Crimes under Fla. Stat. 518.09

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 518.09.

Annotations, Discussions, Cases:

Cases Citing Statute 518.09

Total Results: 5

Correll v. State

Court: Supreme Court of Florida | Date Filed: 2015-10-02

Citation: 184 So. 3d 478, 40 Fla. L. Weekly Supp. 531, 2015 Fla. LEXIS 2152, 2015 WL 5771838

Snippet: those alleged by Correll. See Howell, 133 So.3d at 518.9 In affirming the order of the postconviction court

Baston v. Shelton

Court: Supreme Court of Florida | Date Filed: 1943-05-07

Citation: 13 So. 2d 453, 152 Fla. 879, 1943 Fla. LEXIS 1053

Snippet: 106 So. 406; Hall v. State,78 Fla. 420, 83 So. 518; 9 A.L.R. 1234. Appellant's second and last question

American Surety Co. of New York v. Andrews

Court: Supreme Court of Florida | Date Filed: 1943-03-26

Citation: 12 So. 2d 599, 152 Fla. 638, 1943 Fla. LEXIS 993

Snippet: Laws of Florida; Sections 293.01-294.12;518.01-518.09, Fla. Stats. 1941. William E. Andrews is shown

In Re Guardianship of Sherman E. Nusbaum

Court: Supreme Court of Florida | Date Filed: 1942-12-04

Citation: 10 So. 2d 661, 152 Fla. 31, 1942 Fla. LEXIS 684

Snippet: to the one here involved. See Section 518.01 to 518.09, Florida Statutes 1941. The order of the Circuit

City of Jacksonville v. Broward

Court: Supreme Court of Florida | Date Filed: 1935-09-16

Citation: 163 So. 229, 120 Fla. 841, 1935 Fla. LEXIS 1469

Snippet: to government surveys." James v. Drew, 68 Miss. 518, 9 So.2d 293; 24 Am. St. Rep. 287. The foregoing rule