(a) Subject to the referendum requirements of the Constitution, if applicable, the may from time to time borrow money and issue bonds or other obligations or evidence of indebtedness (collectively, “Bonds”) of any type or character for any of the purposes for which the is now or hereafter authorized by law to borrow money, including for the purpose of financing the cost of any capital project or other project and for the purpose of refunding any and all previous issues of Bonds at or prior to maturity. Such Bonds may be issued pursuant to one or more resolutions adopted by a majority of the .
(b) In addition to and not in limitation of any borrowing authority of the
, upon the affirmative vote of a majority of the Commissioners, the
may incur indebtedness to finance or refinance water management improvements, pursuant to a general Bond resolution validated by the Circuit Court payable from benefit special assessments to be determined, ordered and levied by the Commission in accordance with a Commissioner’s report approved by the Circuit Court, and may enter into any contract necessary or desirable in connection therewith, in accordance with section 190.016, Florida Statutes, as amended, determined by the Commissioners to be in the best interests of the
.
(c) The
may assume all outstanding indebtedness related to facilities it acquires from other units of local government and be liable for payment thereon.
Statutory reference:
Bond validation by circuit courts, see Florida Statutes Chapter 75
Bonds and Division of Bond Finance, see Florida Statutes §§ 159.01 et seq., 218.369 et seq.
Local bonds, see Florida Constitution Article VII, § 12
Local improvement bonds, see Florida Statutes §§ 170.01 et seq.
Municipal borrowing, see Florida Statutes §§ 166.101 et seq.
Referendum required before issuing bonds, see Florida Statutes §§ 100.201 et seq.