Florida § 189.051 - Bond issuance.
Full text of Florida Florida Statutes § 189.051 — Bond issuance., with citation guidance and answers to common questions.
§ 189.051. Bond issuance.
If a referendum is not required, the district shall ensure that, at the time of the closing, the bonds met at least one of the following criteria: (1) The bonds were rated in one of the highest four ratings by a nationally recognized rating service; (2) The bonds were privately placed with or otherwise sold to accredited investors; (3) The bonds were backed by a letter of credit from a bank, savings and loan association, or other creditworthy guarantor, or by bond insurance, guaranteeing payment of principal and interest on the bonds; or (4) The bonds were accompanied by an independent financial advisory opinion stating that estimates of debt service coverage and probability of debt repayment are reasonable, which opinion was provided by an independent financial advisory, consulting, or accounting firm registered where professional registration is required by law and which is in good standing with the state and in conformance with all applicable professional standards for such opinions.
Frequently Asked Questions About Florida § 189.051
What does Florida Statutes § 189.051 cover?
Section 189.051 ("Bond issuance.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 189.051?
A common citation format is "Florida Statutes § 189.051" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 189.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.