Art. VII, § 12, Fla. Const. · Article VII. FINANCE AND TAXATION
Local bonds.
Text — As revised in 1968 and subsequently amended (Online Sunshine, retrieved 2026-10-04)
Counties, school districts, municipalities, special districts and local governmental bodies with taxing powers may issue bonds, certificates of indebtedness or any form of tax anticipation certificates, payable from ad valorem taxation and maturing more than twelve months after issuance only:
(a) to finance or refinance capital projects authorized by law and only when approved by vote of the electors who are owners of freeholds therein not wholly exempt from taxation; or
(b) to refund outstanding bonds and interest and redemption premium thereon at a lower net average interest cost rate.
Source of truth
- Edition
- As revised in 1968 and subsequently amended (Online Sunshine, retrieved 2026-10-04)
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?Mode=Constitution&Submenu=3&Tab=statutes
- Text hash
- sha256 ccf02b39add8c3998b8a981ac51c79a0aac7a8e8317933113d8fa1a9626cc9a5
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Cited by 19 provisions
Provisions in this library whose text cites Art. VII, § 12, Fla. Const.. Each shows the citation as that text prints it.
The Florida Statutes
- § 100.281, Fla. Stat.Approval to issue bonds.Printed as s. 12, Art. VII of the State Constitution
- § 130.20, Fla. Stat.Time warrants in newly created counties.Printed as s. 12, Art. VII of the State Constitution
- § 132.22, Fla. Stat.Levy of ad valorem tax for payment of bonds.Printed as s. 12, Art. VII of the State Constitution
- § 163.3182, Fla. Stat.Transportation deficiencies.Printed as s. 12, Art. VII of the State Constitution
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.