CopyCited 7 times | Published | Supreme Court of Florida | 13 Fla. L. Weekly 343, 1988 Fla. LEXIS 641, 1988 WL 53529
...Court is not to decide whether the proposed financing is wise or even fiscally sound. State v. City of Sunrise . While not necessary to our decision, we note that subsequent to the validation of the bonds by the court below, the legislature enacted section
159.821
159.8291, known as "The Taxable Bond Act." Section
159.825, Florida Statutes (1987), now specifically authorizes the form of bonds sought to be issued by Panama City Beach....
...The city tendered, without comment, a copy of house bill 1398, adopted during the 1987 legislative session and effective August 5, 1987. This bill creates part VII of chapter 159, Florida Statutes, and provides that governmental units may issue taxable bonds. Subsection
159.821(1) states in part: "The ability of governmental units to issue bonds is essential to their ability to finance public improvements and other projects that serve important public purposes." Subsection
159.827(1) provides that the "issua...
