The Florida Senate

424.06  Specific powers of department.--In pursuance of its power and authority to supervise and regulate the operations of limited dividend housing companies incorporated under this chapter, the Department of Community Affairs may:

(1)  Order any such corporation to make, at its expense, such repairs and improvements as will preserve or promote the health and safety of the occupants of buildings and structures owned or operated by such corporation;

(2)  Order any such corporation to do such acts as may be necessary to comply with the provisions of the law, the rules and regulations adopted by the department, or the terms of any project approved by the department, or to refrain from doing any acts in violation thereof;

(3)  Examine each such corporation and keep informed as to its general condition, its capitalization, and the manner in which its property is constructed, leased, operated, or managed;

(4)  Through agents duly authorized by it, enter in or upon and inspect the property, equipment, buildings, plants, offices, apparatus, and devices of any such corporation and examine all books, contracts, records, documents, and papers of any such corporation and by subpoena duces tecum compel the production thereof;

(5)  In its discretion, prescribe uniform methods and forms of keeping accounts, records, and books to be observed by such corporations and to prescribe by order accounts in which particular outlays and receipts shall be entered, charged, or credited;

(6)  Require each such corporation to file with the department an annual report setting forth such information as the department may require verified by the oath of the president and general manager or receiver if any thereof or by the person required to file the report. Such report shall be in the form, shall cover the period, and shall be filed at the time prescribed by the department. The department may further require specific answers to questions upon which the department may desire information and may also require such corporation to file periodic reports in the form covering the period and at the time prescribed by the department;

(7)  From time to time make, amend, and repeal rules and regulations for carrying into effect the provisions of this chapter.

History.--s. 6, ch. 16028, 1933; CGL 1936 Supp. 4151(137); ss. 18, 35, ch. 69-106; s. 57, ch. 81-167; s. 60, ch. 83-55.