Florida § 344.261 - State Board of Administration; debt service; approval of bonds or debentures and plan for their retirement.
Full text of Florida Florida Statutes § 344.261 — State Board of Administration; debt service; approval of bonds or debentures and plan for their retirement., with citation guidance and answers to common questions.
§ 344.261. State Board of Administration; debt service; approval of bonds or debentures and plan for their retirement.
(1) Before entering into a lease-purchase agreement with any county, road and bridge district, or any other agency covering any road, bridge, ferry, or other transportation facility or facilities, which agreement pledges rental and purchase payments by the Department of Transportation to apply on retirement of the debt incurred or to be incurred for the construction or supplying of such transportation facility, and which debt will, in consequence of s. 344.26, be administered by the State Board of Administration, the department shall first secure from the State Board of Administration a statement approving the legal and fiscal sufficiency of such bonds or debentures and the plan for their retirement. (2) This section shall be considered as supplementing and cumulative to existing laws and shall be effective as to any agreements entered into after June 9, 1951.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 344.261
What does Florida Statutes § 344.261 cover?
Section 344.261 ("State Board of Administration; debt service; approval of bonds or debentures and plan for their retirement.") 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 § 344.261?
A common citation format is "Florida Statutes § 344.261" (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 § 344.261 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.