The Florida Senate

255.513  Powers of the Division of Bond Finance and the Department of Management Services.--The Division of Bond Finance and the Department of Management Services are authorized to jointly:

(1)  Engage the services of remarketing agents, indexing agents, underwriters, financial advisers, special tax counsel, bond counsel, or similar type services with respect to the issuance of any obligations under this act.

(2)  Procure credit enhancements such as municipal bond insurance, debt service reserve insurance, lease payment insurance, letters of credit or liquidity facilities such as letters of credit or surety bonds, or to enter into rate protection agreements, such as interest rate swaps or similar arrangements, in conjunction with the issuance of any obligations under this act.

History.--s. 4, ch. 85-349; s. 32, ch. 98-279.