§ 215.605, Fla. Stat. · Chapter 215. FINANCIAL MATTERS: GENERAL PROVISIONS
State bonds for right-of-way acquisition or bridge construction.
Text — 2026 Florida Statutes
(1) The issuance of state bonds to finance or refinance the cost of acquiring real property or the rights to real property for state roads as defined by law, or to finance or refinance the cost of state bridge construction, and purposes incidental to such property acquisition or state bridge construction, is hereby authorized pursuant to s. 17, Art. VII of the State Constitution and ss. 215.57-215.83. Except for bonds issued to refinance property acquisition or bridge construction previously financed by bonds issued under this section, right-of-way or bridges financed by state bonds issued under this section shall first be authorized by the Legislature by an act relating to appropriations or by general law and shall be issued pursuant to the State Bond Act.
(2) Bonds issued pursuant to this section shall be payable primarily from motor fuel and diesel fuel taxes which are transferred to the Right-of-Way Acquisition and Bridge Construction Trust Fund, which fund is hereby created in the Department of Transportation, and shall additionally be secured by the full faith and credit of the state. Any moneys transferred into the fund under s. 206.46 that are not needed to pay the debt service on, provide required financial coverage levels for, and fund debt service reserve funds, rebate obligations, or other amounts with respect to bonds issued pursuant to this section, may be transferred to the State Transportation Trust Fund.
(3) The Department of Transportation shall request the Division of Bond Finance to issue the state bonds authorized by this section pursuant to the State Bond Act. The Department of Transportation shall certify that the projects to be financed will comply with the requirements of s. 339.135(4)(b) and (c) and (5).
(4) The proceeds from the sale of bonds issued pursuant to this section shall be deposited into the Right-of-way Acquisition and Bridge Construction Trust Fund.
(5) Section 339.135 shall apply to the Right-of-Way Acquisition and Bridge Construction Trust Fund.
Notes and commentary — not statutory text
History
s. 2, ch. 88-247; s. 9, ch. 89-301; s. 117, ch. 92-152; s. 39, ch. 95-280; s. 131, ch. 95-417.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0200-0299/0215/0215.html
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 206.46, Fla. Stat.State Transportation Trust Fund.Printed as s. 206.46
- § 215.57, Fla. Stat.Short title.Printed as ss. 215.57-215.83
- § 215.83, Fla. Stat.Construction of State Bond Act.Printed as ss. 215.57-215.83
- § 339.135, Fla. Stat.Work program; legislative budget request; definitions; preparation, adoption, execution, and amendment.Printed as s. 339.135(4)(b)
Constitution of the State of Florida
Cited by 4 provisions
Provisions in this library whose text cites § 215.605, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 206.46, Fla. Stat.State Transportation Trust Fund.Printed as s. 215.605; ss. 215.605 and 337.276
- § 215.615, Fla. Stat.Fixed-guideway transportation systems funding.Printed as ss. 215.605, 320.20, and 215.616
- § 215.82, Fla. Stat.Validation; when required.Printed as s. 215.605
- § 337.276, Fla. Stat.Issuance of bonds for right-of-way land acquisition and state bridge construction.Printed as s. 215.605
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.