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The Florida Senate

2007 Florida Statutes

SECTION 031
Lease or lease-purchases of property for public purposes.
Section 125.031, Florida Statutes 2007

125.031  Lease or lease-purchases of property for public purposes.--Counties may enter into leases or lease-purchase arrangements relating to properties needed for public purposes for periods not to exceed 30 years at a stipulated rental to be paid from current or other legally available funds and may make all other contracts or agreements necessary or convenient to carry out such objective. The county shall have the right to enter into such leases or lease-purchase arrangements with private individuals, other governmental agencies, or corporations. When the term of such lease is for longer than 60 months, the rental shall be payable only from funds arising from sources other than ad valorem taxation. Such leases or lease-purchase arrangements shall be subject to approval by the board of county commissioners, and no such lease or lease-purchase contract shall be entered into without said approval.

History.--s. 1, ch. 71-240; s. 1, ch. 89-103.