Florida Statute 159.26 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 159
BOND FINANCING

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159.26 Legislative findings and purposes.—The Legislature finds and declares that:

(1) The agriculture, tourism, urban development, historic preservation, education, and health care industries, among others, are vital to the economy of the state and to the welfare of the people and need to be enhanced and expanded to improve the competitive position of the state;

(2) There is a need to enhance other economic activity in the state by attracting manufacturing development, business enterprise management, and other activities conducive to economic promotion in order to provide a stronger, more balanced, and stable economy in the state, while providing through pollution control and otherwise for the health and safety of the people;

(3) In order to improve the prosperity and welfare of the state and its inhabitants; to improve education, living conditions, and health care; to promote the preservation of historic structures; to promote the rehabilitation of enterprise zones; to promote improved transportation; to promote effective and efficient pollution control throughout the state; to promote the advancement of education and science and research in and the economic development of the state; and to increase purchasing power and opportunities for gainful employment, it is necessary and in the public interest to facilitate the financing of the projects provided for in this part and to facilitate and encourage the planning and development of these projects without regard to the boundaries between counties, municipalities, special districts, and other local governmental bodies or agencies in order to more effectively and efficiently serve the interests of the greatest number of people in the widest area practicable; and

(4) The purposes to be achieved by such projects and the financing of them in compliance with the criteria and requirements of this part are predominantly the public purposes stated in this section, and such purposes implement the governmental purposes under the State Constitution of providing for the health, safety, and welfare of the people, including implementing the purpose of s. 10(c), Art. VII of the State Constitution.

History.—s. 2, ch. 69-104; s. 1, ch. 75-126; s. 2, ch. 79-101; s. 1, ch. 80-287; s. 7, ch. 82-119; s. 18, ch. 83-271; s. 1, ch. 84-308; s. 3, ch. 85-282.

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Amendments to 159.26

Annotations, Discussions, Cases:

Cases Citing Statute 159.26

Total Results: 10 | Sort by: Relevance | Newest First

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Orange Cnty. Indus. Develop. Auth. v. State, 427 So. 2d 174 (Fla. 1983).

Cited 22 times | Published | Supreme Court of Florida | 1983 Fla. LEXIS 2291

...y to finance the cost of capital projects for industrial or manufacturing plants. To implement this new exception, the legislature passed Chapter 69-104, Laws of Florida, in 1969. See State v. County of Dade, 250 So.2d 875, 877 (Fla. 1971). See also § 159.26, Fla....

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Linscott v. Orange Cnty. Indus. Dev. Auth., 443 So. 2d 97 (Fla. 1983).

Cited 18 times | Published | Supreme Court of Florida

...o certain express qualifications; (4) the principal of, premium and interest on, the bonds would be payable solely from the revenues and proceeds of the project pledged thereof; (5) the project would serve the purposes declared by the legislature in section 159.26 of promoting the economic development of Florida by providing economic benefits to Orange County and central Florida; (6) the necessary actions or proceedings had been taken or conducted to provide for the issuance of the bonds; and (7...

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State v. Orange Cnty. Indus. Dev. Auth., 417 So. 2d 959 (Fla. 1982).

Cited 8 times | Published | Supreme Court of Florida | 1982 Fla. LEXIS 2474

...onal in that it provides that lodging facilities in connection with a convention center may be financed with industrial development revenue bonds. Chapter 159 part II, Florida Statutes is known as the Florida Industrial Development Financing Act. In section 159.26 the legislature made a finding that "agriculture, tourism, urban development, and health care industries, among others, are vital to the economy of the state and the welfare of the people and need to be enhanced and expanded to improve...

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State v. Leon Cnty., 400 So. 2d 949 (Fla. 1981).

Cited 6 times | Published | Supreme Court of Florida

...s validly financed by public revenue bonds. The parties concede that the bonds in no way pledge the credit of the state or of Leon County. With regard to the question whether the project serves a public purpose, the legislature specifically found in section 159.26 of chapter 159 that health care industries are vital to the economy of the state and the welfare of the people and need to be enhanced and expanded....

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State v. City of Riviera Beach, 397 So. 2d 685 (Fla. 1981).

Cited 6 times | Published | Supreme Court of Florida

...The legislature implemented article VII, section 10(c), Florida Constitution, by the enactment of the Florida Industrial Development Financing Act, as amended, being sections 159.25-159.43, part II, chapter 159, Florida Statutes (1979). These are referred to as "the Act." Section 159.26 of the Act reads, in part, as follows: The Legislature finds and declares that, in order to improve the prosperity and welfare of the state and its inhabitants, to improve living conditions, ......

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State v. Osceola Cty. Indus. Dev. Auth., 424 So. 2d 739 (Fla. 1982).

Cited 5 times | Published | Supreme Court of Florida | 1982 Fla. LEXIS 2619

..., of its business from these existing and planned attractions. In 1980, the legislature substantially amended the Florida Industrial Financing Act to encompass the project contemplated in the present bond proceeding. Ch. 80-287, Laws of Fla. (1980). Section 159.26 now provides: The Legislature finds and declares that the agriculture, tourism, urban development, and health care industries, among others, are vital to the economy of the state and the welfare of the people and need to be enhanced an...

...We must give great weight to the legislative determination that a "public lodging or restaurant facility" having the primary purpose of providing services in connection with a "tourism facility" is a project which serves the predominately public purposes of promoting the economy and welfare of the people of this state. §§ 159.26 and 159.27, Fla....

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INTERN. BROTH. v. Jacksonville Port Auth., 424 So. 2d 753 (Fla. 1982).

Cited 3 times | Published | Supreme Court of Florida

...the extent that the interest thereon is exempt from income taxes under the then existing laws of the United States, when, in either case, the revenue bonds are payable solely from revenue derived from the sale, operation or leasing of the projects. Section 159.26, Florida Statutes (1981), recites the legislative intent that the Florida Industrial Development Financing Act includes among its authorized projects those which are permitted pursuant to article VII, section 10(c)....

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State v. Jacksonville Port Auth., 305 So. 2d 166 (Fla. 1974).

Cited 3 times | Published | Supreme Court of Florida

...The judgment of the trial court in Case No. 44,820 is affirmed; the judgment in Case No. 45,392 is reversed. ADKINS, C.J., ERVIN, J., and SIEGENDORF, Circuit Judge, concur. ROBERTS and McCAIN, JJ., dissent. NOTES [1] 1969 Florida Laws, Ch. 104, at 473-88. [2] § 159.26, Fla....

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Ago (Fla. Att'y Gen. 2008).

Published | Florida Attorney General Reports

Attorney General's Opinion 83-18 (1983). 10 Section 159.26(1), Fla. Stat. 11 See s. 159.26, Fla. Stat

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State v. Cnty. of Dade, 250 So. 2d 875 (Fla. 1971).

Published | Supreme Court of Florida | 1971 Fla. LEXIS 3562

...mote the industrial economy of the state, to increase opportunities for gainful employment and purchasing power, to improve living conditions, and to otherwise contribute to the' prosperity and welfare of the state and its inhabitants (See Fla.Stat. § 159.26, F.S.A.), both the Board of County Commissioners and the trial judge concluded that the bond issue did promote the objectives of the Act....

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