House Bill 0801

    Florida House of Representatives - 2000                 HB 801

        By Representative Russell






  1                      A bill to be entitled

  2         An act relating to Hernando County; amending

  3         chapter 79-471, Laws of Florida; setting forth

  4         the amount of certificates of indebtedness

  5         which the School Board of Hernando County may

  6         issue; providing an effective date.

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  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Section 2 of chapter 79-471, Laws of

11  Florida, is amended to read:

12         Section 2.  To pay the cost of such projects, the Board

13  is authorized to issue certificates of indebtedness,

14  hereinafter referred to as "Certificates", not to exceed, at

15  any time, in the aggregate the principal sum of three million

16  five hundred thousand dollars ($3,500,000). Such certificates

17  may be in coupon form, may be in such denominations as

18  determined by the Board, and may bear interest at a rate not

19  to exceed the rate prescribed by general law pursuant to s.

20  215.685, Florida Statutes, and shall mature at a time not

21  exceeding forty (40) years from their date of issue as may be

22  determined by the Board. The certificates may be redeemable

23  before maturity, at the option of the Board, at such price and

24  under such terms and conditions as may be fixed by the Board

25  prior to their issuance. The Board shall determine the place

26  of payment of the principal and interest, which may be at any

27  bank or trust company within or without the state. The

28  certificates shall be signed either by manual or facsimile

29  signatures of the Chairman and Secretary of the Board,

30  provided that such certificates shall bear at least one (1)

31  signature which is manually executed thereon, and the coupons

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CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 2000                 HB 801

    709-108B-00






  1  attached to any such certificates shall bear the facsimile

  2  signature of any officer designated by the Board. The

  3  certificates shall have the seal of the Board affixed,

  4  imprinted, reproduced, or lithographed thereon, as may be

  5  prescribed in the Resolution authorizing the issuance of the

  6  certificates. The certificates shall be sold at public or

  7  private sale at a price the Board shall determine to be in its

  8  best interest.

  9         Section 2.  This act shall take effect upon becoming a

10  law.

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