Art. VII, § 15, Fla. Const. · Article VII. FINANCE AND TAXATION
Revenue bonds for scholarship loans.
Text — As revised in 1968 and subsequently amended (Online Sunshine, retrieved 2026-10-04)
(a) When authorized by law, revenue bonds may be issued to establish a fund to make loans to students determined eligible as prescribed by law and who have been admitted to attend any public or private institutions of higher learning, junior colleges, health related training institutions, or vocational training centers, which are recognized or accredited under terms and conditions prescribed by law. Revenue bonds issued pursuant to this section shall be secured by a pledge of and shall be payable primarily from payments of interest, principal, and handling charges to such fund from the recipients of the loans and, if authorized by law, may be additionally secured by student fees and by any other moneys in such fund. There shall be established from the proceeds of each issue of revenue bonds a reserve account in an amount equal to and sufficient to pay the greatest amount of principal, interest, and handling charges to become due on such issue in any ensuing state fiscal year.
(b) Interest moneys in the fund established pursuant to this section, not required in any fiscal year for payment of debt service on then outstanding revenue bonds or for maintenance of the reserve account, may be used for educational loans to students determined to be eligible therefor in the manner provided by law, or for such other related purposes as may be provided by law.
Notes and commentary — not constitutional text
History
Added, H.J.R. 46-D, 1971; adopted 1972.
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 09b153a80079d59d80707d32f4221044933853e389bfed07021ce40c9805df50
- 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 3 provisions
Provisions in this library whose text cites Art. VII, § 15, Fla. Const.. Each shows the citation as that text prints it.
The Florida Statutes
- § 1009.79, Fla. Stat.Issuance of revenue bonds pursuant to s. 15, Art. VII, State Constitution.Printed as s. 15, Art. VII of the State Constitution
- § 1009.80, Fla. Stat.Approval of loans; administration of program.Printed as s. 15, Art. VII of the State Constitution
- § 1009.81, Fla. Stat.Loan agreements.Printed as s. 15, 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.