§ 1011.22, Fla. Stat. · Part I. PREPARATION, ADOPTION, ANDIMPLEMENTATION OF BUDGETS
Interest and sinking funds may be invested in certain bonds, warrants, and notes.
Text — 2026 Florida Statutes
Each district school board shall have the power at all times to invest the interest and sinking funds collected for the retirement of any bonds of the school district in any investment as authorized in s. 1010.53(2). The district school board shall have authority at any time to use the interest and sinking fund of any district for purchasing, for the purpose of canceling and retiring, bonds outstanding against the interest and sinking fund of said district at any price which will result in a net saving to the taxpayers of the district; provided, always, that the district school board shall have the right to keep the interest and sinking fund on deposit earning the rate of interest agreed upon until such time as within its judgment it may be able to invest it in bonds, warrants, or notes to better advantage as provided herein.
Notes and commentary — not statutory text
History
s. 625, ch. 2002-387.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=1000-1099/1011/1011.html
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- sha256 9e8ff3519c9e565c19f8e9cb72a20c18cf7bbb7a0afc285c5117d30c9dba12f5
- 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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The Florida Statutes
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