159.841 – Short title.

159.841 Short title.—This part may be cited as the “Florida Qualified School Construction Bond Allocation Act.” History.—s. 1, ch. 2009-59.

159.842 – Purpose.

159.842 Purpose.—The purpose of this part is to allocate the state volume limitation imposed by s. 54F(d) of the code on qualified school construction bonds to finance qualified school construction facilities. Any bond issued which uses a portion of the limitation imposed by s. 54F(d)(1) of the code, or uses a portion of the limitation reallocated […]

159.843 – Definitions.

159.843 Definitions.—As used in this part, the term: (1) “Board” means the State Board of Education, created pursuant to s. 2, Art. IX of the State Constitution. (2) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and rulings issued thereunder. (3) “Commissioner” means the Commissioner of Education. (4) “Department” means the Department of Education, created […]

159.844 – Allocation of state volume limitation.

159.844 Allocation of state volume limitation.— (1) The board shall establish a program for allocating the state volume limitation imposed by s. 54F(d)(1) of the code, or reallocated to the state pursuant to s. 54F(d)(2)(D) of the code, on qualified school construction bonds to finance qualified school construction facilities. The Department of Education shall administer the program […]

159.845 – Rules.

159.845 Rules.—The board and the department shall adopt any rules necessary to ensure the orderly implementation of this part. History.—s. 1, ch. 2009-59.