§ 338.228, Fla. Stat. · Chapter 338. LIMITED ACCESS AND TOLL FACILITIES
Bonds not debts or pledges of credit of state.
Text — 2026 Florida Statutes
Turnpike revenue bonds issued under the provisions of ss. 338.22-338.241 are not debts of the state or pledges of the faith and credit of the state. Such bonds are payable exclusively from revenues pledged for their payment. All such bonds shall contain a statement on their face that the state is not obligated to pay the same or the interest thereon, except from the revenues pledged for their payment, and that the faith and credit of the state is not pledged to the payment of the principal or interest of such bonds. The issuance of turnpike revenue bonds under the provisions of ss. 338.22-338.241 does not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatsoever, or to make any appropriation for their payment. Except as provided in ss. 338.223, 338.2275, and 339.65, state funds may not be used on any turnpike project or to pay the principal or interest of any bonds issued to finance or refinance any portion of the turnpike system, and all such bonds shall contain a statement on their face to this effect.
Notes and commentary — not statutory text
History
s. 13, ch. 28128, 1953; s. 194, ch. 84-309; s. 7, ch. 88-286; s. 15, ch. 90-136; s. 129, ch. 99-13; s. 94, ch. 99-385; s. 49, ch. 2012-174.
Note
Note.—Former s. 340.13.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0300-0399/0338/0338.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
- § 338.22, Fla. Stat.Florida Turnpike Enterprise Law; short title.Printed as ss. 338.22-338.241
- § 338.223, Fla. Stat.Proposed turnpike projects.Printed as ss. 338.223, 338.2275, and 339.65
- § 338.2275, Fla. Stat.Approved turnpike projects.Printed as ss. 338.223, 338.2275, and 339.65
- § 338.241, Fla. Stat.Cash reserve requirement.Printed as ss. 338.22-338.241
Cited by 1 provision
Provisions in this library whose text cites § 338.228, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
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