Florida Statute 243.29 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XVI
TEACHERS' RETIREMENT SYSTEM; HIGHER EDUCATIONAL FACILITIES BONDS

Chapter 243
HIGHER EDUCATIONAL FACILITIES BONDS

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243.29 Payment of bonds.—Revenue bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the state or of the county or a pledge of the faith and credit of the state or of any such county, but shall be payable solely from the funds herein provided therefor from revenues. All such revenue bonds shall contain on the face thereof a statement to the effect that neither the State of Florida nor the authority shall be obligated to pay the same or the interest thereon except from revenues of the project or the portion thereof for which they are issued and that neither the faith and credit nor the taxing power of the state or of any political subdivision thereof is pledged to the payment of the principal of or the interest on such bonds. The issuance of revenue bonds under the provisions of this part shall not directly or indirectly or contingently obligate the state or any political subdivision thereof to levy or to pledge any form of taxation whatever therefor or to make any appropriation for their payment.

History.—s. 12, ch. 69-345; s. 1, ch. 77-174.

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Amendments to 243.29

Annotations, Discussions, Cases:

Cases Citing Statute 243.29

Total Results: 3 | Sort by: Relevance | Newest First

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Nohrr v. Brevard Cnty. Educ. Fac. Auth., 247 So. 2d 304 (Fla. 1971).

Cited 69 times | Published | Supreme Court of Florida

...of such a project are liquidated the authority must convey the structures or other facilities to the educational institution free and clear of all liens. Fla. Stat. Ch. 243, F.S.A., was enacted after the adoption of the 1968 Constitution. Fla. Stat. § 243.29, F.S.A....

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Wald v. Sarasota Cty. Health Facilities, Etc., 360 So. 2d 763 (Fla. 1978).

Cited 19 times | Published | Supreme Court of Florida

...ist. Subsequently, a resolution was adopted by the Educational Authority authorizing the issuance of revenue bonds to finance the construction of a dormitory-cafeteria, together with necessary equipment and other facilities, at a private university. Section 243.29, Florida Statutes (1969), like its counterpart under the Health Facilities Authorities Law (Part III, Chapter 154) in the case sub judice, provided that revenue bonds authorized under its provisions would not pledge the full faith and credit of the State or a county....

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Wald v. Sarasota Cnty. Health Facilities Auth., 360 So. 2d 763 (Fla. 1978).

Published | Supreme Court of Florida | 1978 Fla. LEXIS 4893

other facilities, at a private university. Section 243.29, Florida Statutes (1969), like its counterpart

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