HB 1605

1
A bill to be entitled
2An act relating to the South Broward Hospital District,
3Broward County; providing for codification of special laws
4regarding special districts pursuant to section 189.429,
5Florida Statutes, relating to South Broward Hospital
6District, a special tax district in Broward County;
7providing legislative intent; codifying, repealing,
8amending, and reenacting chapters 24415 (1947), 59-1125,
959-1126, 59-1128, 61-1925, 61-1932, 61-1935, 63-1180, 65-
101296, 65-1339, 67-1164, 69-910, 70-618, 71-566, 71-577,
1172-494, 74-436, 74-450, 75-346, 75-349, 76-337, 76-339,
1279-431, 80-459, 80-466, 80-467, 80-469, 81-351, 82-269,
1383-378, 84-400, 90-488, and 99-423, Laws of Florida;
14providing district boundaries; providing for a board of
15commissioners; providing powers, functions, and duties of
16the district and its board of commissioners; providing a
17district charter; providing for ratification of prior
18acts; providing for liberal construction; providing a
19saving clause in the event any provision of the act is
20deemed invalid; providing an effective date.
21
22Be It Enacted by the Legislature of the State of Florida:
23
24     Section 1.  Pursuant to section 189.429, Florida Statutes,
25this act constitutes the codification of all special acts
26relating to the South Broward Hospital District. It is the
27intent of the Legislature in enacting this law to provide a
28single, comprehensive special act charter for the district,
29including all current legislative authority granted to the
30district by its several legislative enactments and any
31additional authority granted by this act. It is further the
32intent to preserve all district authority, including the
33authority to annually assess and levy ad valorem taxes against
34all assessable property in the district.
35     Section 2.  Chapters 24415 (1947), 59-1125, 59-1126, 59-
361128, 61-1925, 61-1932, 61-1935, 63-1180, 65-1296, 65-1339, 67-
371164, 69-910, 70-618, 71-566, 71-577, 72-494, 74-436, 74-450,
3875-346, 75-349, 76-337, 76-339, 79-431, 80-459, 80-466, 80-467,
3980-469, 81-351, 82-269, 83-378, 84-400, 90-488, and 99-423, Laws
40of Florida, relating to the South Broward Hospital District, are
41codified, reenacted, amended, and repealed as herein provided.
42     Section 3.  The South Broward Hospital District is re-
43created, and the charter for the district is re-created and
44reenacted to read:
45     Section 1.  A special tax district is hereby created and
46incorporated, to be known as ?South Broward Hospital District?
47in Broward County, which said district shall embrace and include
48the following described property in Broward County, to-wit:
49
50Begin at a point where the North boundary line of
51Section 25, Township 50 South, Range 42 east
52intersects the line of mean low tide of the Atlantic
53Ocean; thence run westerly along the North boundary
54line of Sections 25, 26, 27, 28, 29 and 30 in Township
5550 South, Range 42 East, and continue westerly along
56the North boundary line of Sections 25, 26, 27, 28, 29
57and 30 in Township 50 South,  Range 41 East, to the
58westerly boundary of Range 41 East, thence continue in
59a southerly direction along the westerly boundary line
60of said Section 30 to a point of intersection with the
61North boundary line of Section 25, Township 50 South,
62Range 40 East, extended easterly; thence westerly
63along the North boundary line of said Section 25 to
64the Northwest corner of said Section 25, Township 50
65South, Range 40 East; thence in a southerly direction
66along the West boundary line of Sections 25 and 36 of
67Township 50 South, Range 40 East, and continue
68southerly along the West boundary lines of Sections 1,
6912, 13, 24, 25 and 36, Township 51 South, Range 40
70East, to the southwest corner of said Section 36;
71thence easterly along the South boundary line of said
72Section 36 to the southeast corner thereof; thence run
73northerly along the East line of Section 36, Township
7451 South, Range 40 East to a point where the south
75boundary line of  Section 30, Township 51 South, Range
7641 East, intersects the east boundary line of said
77Section 36, Township 51 South, Range 40 East; thence
78run easterly along the south boundary line of Sections
7930, 29, 28, 27, 26 and 25 in Township 51 South, Range
8041 East, and continue easterly along the south
81boundary line of Sections 30, 29, 28, 27, 26 and 25 in
82Township 51 South, Range 42 East, to a point where the
83south boundary line of said Section 25, Township 51
84South, Range 42 East; intersects the mean low tide of
85the Atlantic Ocean; thence run northerly along said
86mean low tide line of Atlantic Ocean to the point of
87beginning expressly excepting from the foregoing
88description all lands lying and being with the
89corporate limits of the City of Fort Lauderdale,
90Broward County, Florida, as the said limits exist on
91the date of passage of this Act.
92
93     Section 2.  The following described property in Broward
94County is hereby annexed to the South Broward Hospital District,
95and the district shall include said property, to wit:
96
97Begin at the Northwest corner of Section 25, Township
9850 South, Range 40 East; thence run Westerly along the
99North boundary line of Sections 26 to 30, inclusive,
100of Township 50 South, Range 40 East, and continue
101Westerly along the North boundary line of Sections 25
102to 30, inclusive, of Township 50 South, Range 39 East,
103and continue Westerly along the North boundary line of
104Sections 25 to 30, inclusive, of Township 50 South,
105Range 38 East, and continue Westerly along the North
106boundary line of Sections 25 to 30, inclusive, of
107Township 50 South, Range 37 East, to the East boundary
108line of Section 25, Township 50 South, Range 36 East;
109thence run Northerly along said East boundary line of
110said Section 25 to the Northeast corner of said
111Section 25, Township 50 South, Range 36 East; thence
112continue Westerly along the North boundary line of
113Sections 25 to 30, inclusive, of Township 50 South,
114Range 36 East, and continue Westerly along the North
115boundary line of Sections 25 to 30, inclusive of
116Township 50 South, Range 35 East, to the Western
117boundary line of Broward County, Florida; thence run
118Southerly along the said west boundary line of Broward
119County, Florida to the Southwest corner of Broward
120County, Florida; thence run Easterly along the South
121boundary line of Broward County, Florida to the
122Southwest corner of Section 36, Township 51 South,
123Range 40 East; thence run North along the West
124boundary line of Sections 36, 25, 24, 13, 12, and 1 of
125Township 51 South, Range 40 East; continue Northerly
126along the west boundary line of Sections 36 and 25 of
127Township 50 South Range 40 East to the Northwest
128corner of said Section 25, Township 50 South, Range 40
129East, which is the point of the beginning.
130
131     Section 3.  That said South Broward Hospital District shall
132be composed of the following subdistricts:
133
134(1)  Sub-district No. 1 shall include the following
135described property:
136
137Beginning at the point where the north boundary line
138of Section 25, Township 50 South, Range 42 East,
139Broward County, Florida, intersects the mean low water
140line of the Atlantic Ocean, run Westerly along the
141north line of Sections 25, 26, 27, 28, 29 and 30 in
142Township 50 South, Range 42 East, and continue
143Westerly along the north line of Sections 25, 26 and
14427 in Township 50 South, Range 41 East to the
145northwest corner of said Section 27; thence, Southerly
146along the west line of Sections 27 and 34 in Township
14750 South, Range 41 East, and continue Southerly along
148the west line of Section 3, Township 51 South, Range
14942 East, to the southwest corner of said Section 3,
150thence, Easterly along the south line of Sections 3, 2
151and 1, Township 51 South, Range 41 East, and continue
152Easterly along the south line of Sections 6, 5, 4, 3,
1532 and 1 in Township 51 South, Range 42 East, to the
154point of intersection with the mean low water line of
155the Atlantic Ocean; thence, Northerly along said mean
156low water line of the Atlantic Ocean to the point of
157beginning; expressly excepting from the foregoing
158description all lands, if any, lying and beginning
159within the corporate limits of the City of Fort
160Lauderdale, Broward County, Florida, as the said
161limits exist on the date of passage of this act.
162
163(2)  Subdistrict No. 2 shall include the following
164described property:
165
166Beginning at the point where the south boundary line
167of Section 1, Township 51 South, Range 42 East,
168Broward County, Florida, intersects the mean low water
169line of the Atlantic Ocean, run Westerly along the
170south line of Sections 1, 2, 3, 4, 5 and 6 in Township
17151 South, Range 42 East, and continue Westerly along
172the south line of Sections 1, 2 and 3 in Township 51
173South, Range 41 East, to the southwest corner of said
174Section 3; thence, Southerly along the west line of
175Sections 10, 15 and 22 in Township 51 South, Range 41
176East, to the Quarter Corner on the west boundary of
177said Section 22; thence, Easterly along the Quarter
178Section line through Sections 22, 23 and 24 in
179Township 51 South, Range 41 East, and continue
180Easterly along the Quarter Section line through
181Sections 19, 20, 21, 22, 23 and 24 in Township 51
182South, Range 42 East, to the point of intersection
183with the mean low water line of the Atlantic Ocean;
184thence, Northerly along said mean low water line of
185the Atlantic Ocean to the point of beginning.
186
187(3)  Subdistrict No. 3 shall include the following
188described property:
189
190Beginning at the point where the East-West Quarter
191Section line of Section 24, Township 51 South, Range
19242 East, Broward County, Florida, intersects the mean
193low water line of the Atlantic Ocean, run westerly
194along the Quarter Section line through Sections 24,
19523, 22, 21, 20 and 19, Township 51 South, Range 42
196East, and continue Westerly along the Quarter Section
197line, Range 41 East, to the west boundary of said
198Section 22; thence, Southerly along the west line of
199Sections 22 and 27 in Township 51 South, Range 41
200East, to the southwest corner of said Sections 27, 26
201and 25 in Township 51 South, Range 41 East, and
202continue Easterly along the south line of Sections 30,
20329, 28, 27 and 26 in Township 51 South, Range 42 East,
204to the point of intersection with the mean low water
205line of the Atlantic Ocean to the point of beginning.
206
207(4)  Subdistrict No. 4 shall include the following
208described property:
209
210Beginning at the northeast corner of Section 28,
211Township 50 South, Range 41 East, Broward County,
212Florida, run Westerly along the north line of Sections
21328, 29 and 30 in Township 50 South, Range 41, East, to
214the west line of Range 41 East, thence, Southerly
215along the west line of said Section 30 to a point of
216intersection with the north line of Section 25,
217Township 50 South, Range 40 East, extended easterly;
218thence, Westerly along the north line of Sections 25,
21926, 27, 28, 29 and 30 in Township 50 South, Range 40
220East and continue Westerly along the north line of
221Sections 25, 26, 27, 28, 29 and 30 in Township 50
222South, Range 39 East, and continue Westerly along the
223north line of Sections 25, 26, 27, 28, 29 and 30,
224Township 50 South, Range 37 East, to the east line of
225Section 25, Township 50 South, Range 36 East; thence
226Northerly along the east line of said Section 25 to
227the northeast corner of said Section 25; thence
228Westerly along the north line of Sections 25, 26, 27,
22928, 29 and 30, Township 50 South, Range 36 East, and
230continue Westerly along the north line of Sections 25,
23126, 27, 28, 29 and 30, Township 50 South, Range 35
232East, to the west line of Range 35 East, being the
233western limits of Broward County; thence Southerly
234along the west line of Range 35 to the southwest
235corner of Section 18, Township 51 South, Range 35
236East; thence, Easterly along the south line of
237Sections 18, 17, 16, 15, 14 and 13, Township 51 South,
238Range 36 East to the east line of said Range 36 East;
239thence Southerly along said east line of Range 36 East
240to the Southwest corner of Section 7, Township 51
241South Range 37 East; thence, Easterly along the south
242line of Sections 7, 8, 9, 10, 11 and 12, Township 51
243South, Range 37 East, and continue Easterly along the
244south line of Sections 7, 8, 9, 10, 11 and 12,
245Township 51 South, Range 38 East, and continue
246Westerly along the south line of Sections 7, 8, 9, 10,
24711 and 12, Township 51 South, Range 39 East, and
248continue Easterly along the south line of Sections 7,
2498, 9, 10, 11 and 12, Township 51 South, Range 40 East,
250and continue Easterly along the south line of Sections
2517, 8, and 9, Township 51 South, Range 41 East to the
252southeast corner of said Section 9; thence Northerly
253along the east line of Sections 9 and 4, Township 51
254South, Range 41 East, and continue Northerly along the
255east line of Sections 33 and 28, Township 50 South,
256Range 41 East, to the point of beginning.
257
258(5)  Subdistrict No. 5 shall include the following
259described property:
260
261Beginning at the northeast corner of Section 16,
262Township 51 South, Range 41 East, Broward County,
263Florida, run Westerly along the north line of Sections
26416, 17 and 18, Township 51 South, Range 41 East, and
265continue Westerly along the north line of Sections 13,
26614, 15, 16, 17 and 18, Township 51 South, Range 40
267East, and continue Westerly along the north line of
268Sections 13, 14, 15, 16, 17 and 18, Township 51 South,
269Range 39 East, and continue Westerly along the north
270line of Sections 13, 14, 15, 16, 17 and 18, Township
27151 South, Range 37 East, to the east line of Range 36
272East to the northeast corner of Section 24, Township
27351 South, Range 36 East; thence, Westerly along the
274north line of Sections 24, 23, 22, 21, 20 and 19,
275Township 51 South, Range 36 East, and continue
276Westerly along the north line of Sections 24, 23, 22,
27721, 20 and 19, Township 51 South, Range 35 East, to
278the west line of Range 35 East, being the western
279limits of Broward County; thence, Southerly along the
280west line of Range 35 to the south line of Township 51
281South; thence Easterly along the south line of said
282Township 51 to the west line of Range 37 East; thence,
283Southerly along the west line of Range 37 to the
284southwest corner of Section 31, Township 51 South,
285Range 37 East; thence Easterly along the south line of
286Township 51 to the east line of Range 40 East; thence
287northerly along the east line of said Range 40 to the
288southwest corner of Section 30, Township 51 South,
289Range 41 East; thence, Easterly along the south line
290of Sections 30, 29 and 28 to the southeast corner of
291said Section 28; thence, Northerly along the east line
292of Section 28, 21 and 16 to the point of beginning.
293
294(6)  Subdistrict Nos. 6 and 7 shall both include all
295of the area within subdistrict Nos. 1, 2, 3, 4 and 5.
296
297     Section 4.  The governing body of the South Broward
298Hospital District shall consist of seven commissioners who shall
299serve without compensation. All commissioners shall be qualified
300electors residing in Broward County for more than 1 year and in
301said subdistricts for more than 90 days prior to the
302appointment; one of whom shall reside in subdistrict No. 1, one
303of whom shall reside in subdistrict No. 2, one of whom shall
304reside in subdistrict No. 3, one of whom shall reside in
305subdistrict No. 4, one of whom shall reside in subdistrict No.
3065, and two of whom shall reside in subdistricts 6 and 7, and
307they shall be known and designated as the ?Board of
308Commissioners of the South Broward Hospital District.? It is not
309a requirement for office that any commissioner be a freeholder.
310Commissioners shall be appointed for staggered terms of 4 years
311each and shall serve until their successors are appointed. The
312Governor shall have the power to remove any member of said board
313of commissioners for cause, and shall fill any vacancies that
314may at any time occur therein.  Each member shall give bond to
315the Governor for the faithful performance of his or her duties
316in the sum of $5,000 with a surety company qualified to do
317business in the state, as surety, which bond shall be approved
318and kept by the Clerk of the Circuit Court of Broward County.
319The premiums on said bond shall be paid as part of the expenses
320of said district. The respective terms of the commissioners in
321office at the time this law shall take effect shall continue for
322their term of office and shall thereafter continue until their
323successors are appointed and qualified as herein provided.
324     Section 5.  (1)  The Board of Commissioners of the South
325Broward Hospital District shall have all of the following
326governmental, corporate, and proprietary powers:
327     (a)  To enable the board of commissioners to provide any
328and all types of health care facilities, equipment, and services
329and any and all types of facilities, equipment, and services
330related or incidental thereto, directly or indirectly, whether
331alone, or in conjunction with other public or private persons,
332not for profit or for profit.
333     (b)  To sponsor, with any form of assistance not expressly
334prohibited by the State Constitution, the formation,
335organization, capitalization, and operation of public or private
336persons, not for profit or for profit, providing or intending to
337provide any types of health facilities, equipment, and services
338or any facilities, equipment, or services related or incidental
339thereto, and to provide, from assets and resources then owned by
340the district, or assets and resources specifically acquired for
341the purpose, goods and services to such persons by sale, lease,
342contract, grant, gift, or otherwise upon such terms and
343conditions as the board of commissioners may determine in its
344sole discretion are in the public interest.
345     (c)  To restructure and reorganize all or part of the
346assets, liabilities, and operations of the district into such
347public or private persons, not for profit or for profit, as the
348board of commissioners may in its sole discretion determine are
349in the public interest and are not expressly prohibited by the
350State Constitution, whether for the purpose of having such
351persons conduct operations previously conducted by the district
352or having such persons conduct operations which the district has
353the power to conduct directly but has not undertaken directly.
354     (d)  Without limiting the generality of the foregoing, to
355exercise all of the powers of a corporation organized pursuant
356to chapter 607, Florida Statutes.
357     (e)  To establish and maintain, or to sponsor the
358establishment and maintenance, directly or indirectly, alone or
359in conjunction with other public or private persons, not for
360profit or for profit, with any form of assistance from the
361district not expressly prohibited by the State Constitution,
362health maintenance organizations or services, preferred provider
363organizations or services, programs for cost containment, health
364insurance, or indemnity benefit systems, service benefit
365systems, and any other organization or system that provides, or
366arranges for the provision of, health care services or otherwise
367pays for, or protects residents and nonresidents of the district
368against, the costs of health care services.
369     (f)  To sue and be sued under the name of South Broward
370Hospital District.
371     (g)  To contract and be contracted with.
372     (h)  To adopt and use a common seal and to alter the same
373at pleasure.
374     (i)  To acquire, purchase, hold, lease, and convey such
375real and personal property as the board deems proper or
376expedient.
377     (j)  To appoint and employ a superintendent or
378administrator and such other agents and employees as the board
379deems advisable.
380     (k)  To borrow money and to issue the notes, bonds, and
381other evidences of indebtedness of the district therefore to
382carry out the provisions of this act in the manner hereinafter
383provided.
384     (2)  The provisions of this act shall be so construed as to
385secure and extend to the board of commissioners all powers,
386whether governmental, corporate, or proprietary, not expressly
387prohibited by the State Constitution and to remove any
388limitations judicially imposed or otherwise. No person whom the
389district sponsors, or with whom the district contracts, or to
390whom the district sponsors, or with personal property, goods, or
391services, by contract, lease, sales, grant, gift, or otherwise,
392shall be deemed an agency of the district. It is hereby found
393and declared to be a public purpose and necessity for the
394preservation of the public health and for public use and for the
395welfare of the district and the residents thereof that the board
396of commissioners of the district have the broadest possible
397power to provide and structure health facilities and services,
398and facilities and services incidental or related thereto, in
399order to meet all types of health needs, and pursuant thereto to
400have the broadest flexibility to involve public and private
401persons, for profit and not for profit, in the establishment,
402maintenance, and operation of such facilities and services so as
403to provide the board of commissioners with the greatest
404flexibility permitted by the State Constitution to establish,
405maintain, and operate, alone or in conjunction with other public
406or private persons, not for profit and for profit, such health
407facilities and services, and facilities and services related or
408incidental thereto, which in the sole judgment of the board of
409commissioners are responsive to the health needs of the district
410and are in the public interest.
411     Section 6.  Four of said commissioners shall constitute a
412quorum, and a vote of at least three of the commissioners shall
413be necessary to the transaction of any business of the district.
414The commissioners shall cause true and accurate minutes and
415records to be kept of all business transacted by them, and shall
416keep full, true, and complete books of account and minutes,
417which minutes, records, and books of account shall at all
418reasonable times be open and subject to the inspection of
419inhabitants of the district; and any person desiring to do so
420may make or procure a copy of the minutes, records, or books of
421account, or such portions thereof as he may desire.
422     Section 7.  The South Broward Hospital District is
423authorized and empowered to create an employees? pension fund so
424as to provide for life and/or disability and/or medical
425insurance for all or any of its employees or officers on a group
426insurance or other acceptable plan approved by said Board of
427Commissioners of South Broward Hospital District, and to
428establish and create by resolution an employees? pension,
429annuity, and/or retirement plan for any and all groups of
430officers and employees employed by the South Broward Hospital
431District and qualifying for such plan, and to pay all or such
432portion of the cost of any such employees? pension, annuity,
433and/or retirement plan from funds available to the district from
434its authorized sources with employees defraying the balance
435thereof, if any, as said board of commissioners by resolution
436may determine for any and all groups of officers and employees
437employed by said South Broward Hospital District.
438     Section 8.  Without in any way limiting the powers set
439forth in section 5, the board of commissioners is hereby
440authorized and empowered to establish, construct, operate, and
441maintain such hospital or hospitals and other health facilities
442as in their opinion are necessary for the use of the people of
443the district, and to establish, construct, operate, and maintain
444such facilities for the care of such persons requiring limited
445medical care or treatment as in their opinion is necessary for
446the people of the district. The hospital or hospitals, other
447health facilities, and facilities for limited care and treatment
448shall be established, constructed, operated, and maintained by
449the board of commissioners for the preservation of the public
450health, for the public good, and for the use of the public of
451the district; and maintenance of the hospital or hospitals,
452other health facilities, and facilities for limited care and
453treatment within the district is hereby found and declared to be
454a public purpose and necessary for the preservation of the
455public health, for public use, and for the welfare of the
456district and inhabitants thereof. The location and legal form
457and structure of such hospital or hospitals, other health
458facilities, and facilities for limited care and treatment shall
459be determined by the board.
460     Section 9.  (1)  The board of commissioners is hereby
461authorized and empowered at any time in their discretion to
462establish and maintain, in connection with such hospital, and as
463a part thereof, or in connection with any other educational or
464vocational institution in the state, a school or training
465program for nurses, paramedics, medical technicians, and other
466technical employees in the hospital, medical, or related field.
467 Said board of commissioners are authorized and empowered to set
468up all rules and regulations necessary for the operation of such
469training program whether it be in a school, hospital, or within
470departments of the hospital, and they are further authorized to
471make all necessary expenditures in connection therewith,
472including payments and other assistance to other educational or
473vocational institutions in the state having such a curriculum or
474training program.
475     (2)  In the event the schools are established within the
476hospital, the hospital may, upon completion of the prescribed
477course of training, give to such nurses, paramedics, medical, or
478related fields, who have satisfactorily completed the said
479course, a diploma or certificate of training. Similarly, the
480board is empowered to setup such cooperative doctors? residence
481programs with any institution of higher learning in the state.
482     Section 10.  The board shall have the power of eminent
483domain, and may thereby condemn and acquire any real or personal
484property within the territorial limits of this district, which
485the board may deem necessary for the use of said district. Such
486power of condemnation shall be exercised in the same manner as
487is now provided by the general law for the exercise of the power
488of eminent domain by cities and towns of the state.
489     Section 11.  (1)  The term ?anticipation time warrants?
490means bond anticipation notes, grant anticipation notes, revenue
491anticipation notes, and tax anticipation notes; such
492anticipation time warrants may be issued in the form of
493commercial paper.
494     (2)  The district is hereby authorized and empowered, in
495order to provide facilities, including real and personal
496property, and to carry out, exercise, and perform its powers and
497duties, and for any other lawful purpose, to borrow money from
498time to time, as the board determines is in the best interest of
499the district, and to issue and sell the anticipation time
500warrants of the district, and to refund the same by issuing the
501refunding anticipation time warrants of the district, all upon
502such terms, having such maturities, form, and terms, and bearing
503such rate or rates of interest, including variable rates, as may
504be determined by the board or, if issued in the form of
505commercial paper, as may be determined by the chair, vice chair,
506or the secretary-treasurer within guidelines and limits
507determined by the board, as hereinafter provided in this
508section.
509     (3)  The district is authorized to borrow money and to
510issue bond anticipation notes in anticipation of the issuance of
511bonds under section 12 and in anticipation of the issuance of
512revenue certificates under section 13, all as provided in
513section 215.431, Florida Statutes, as the said section may from
514time to time hereafter be amended, to expend the proceeds
515thereof for the purposes for which such bonds or revenue
516certificates are to be issued and to pledge, by resolution or
517contract, the proceeds to be derived from the sale of such bonds
518or revenue certificates and other legally available funds of the
519district for the payment of the principal thereof, premium, if
520any, and interest thereon.
521     (4)  The district is hereby authorized to borrow money and
522to issue grant anticipation notes having a maturity of not more
523than 5 years in anticipation of the receipt of any federal,
524state, private, or other grant, to expend the proceeds thereof
525for the purposes for which such grant has been made, and to
526pledge, by resolution or contract, the moneys to be received
527from such grant and other legally available funds of the
528district for the payment of the principal thereof, premium, if
529any, and interest thereon.
530     (5)  The district is hereby authorized to borrow money and
531to issue revenue anticipation notes having a maturity of not
532more than 5 years in anticipation of the receipt of revenues,
533other than ad valorem tax revenues, to expend the proceeds
534thereof for the purposes set forth in section 16 or for any
535other lawful purpose, and to pledge, by resolution or contract,
536revenues of the district, other than ad valorem tax revenues,
537for the payment of the principal thereof, premium, if any, and
538interest thereon.
539     (6)  The district is hereby authorized to borrow money and
540to issue tax anticipation notes having a maturity of not more
541than 5 years and to levy and appropriate and to pledge, by
542resolution or contract, ad valorem taxes and other legally
543available funds of the district in payment of the principal
544thereof, premium, if any, and interest thereon, provided,
545however, that no tax anticipation notes having a maturity of
546more than 12 months shall be issued unless first approved by an
547election as required by section 12, Article VII of the State
548Constitution.
549     (7)  The district is hereby authorized to issue the notes
550described in subsections (3), (4), (5), and (6) in the form of
551commercial paper and, if issued in such form, the resolution
552authorizing the issuance thereof may provide for the renewal,
553refunding, or rollover thereof from time to time so long as no
554such renewal, refunding, or rollover note shall mature more than
5555 years after the date of issue of the first such note issued
556pursuant to such resolution; provided, however, that in the case
557of tax anticipation notes issued without an election pursuant to
558subsection (6), no such renewal, refunding, or rollover note
559shall have a final maturity of more than 12 months from date of
560issue of the first such tax anticipation note issued pursuant to
561such resolution. The resolution authorizing the issuance of such
562notes in the form of commercial paper may set forth guidelines
563and limits pertaining to the maximum aggregate principal amount
564of such notes which may be outstanding at any one time, the
565longest maturity any such note may bear, the form of such notes,
566the terms (including redemption provisions, the maximum
567redemption premium which may be permitted, schedules for the
568amortization of principal and interest which may be permitted,
569and such other provisions as the board may determine), and the
570maximum rate of interest any such obligations may bear (which
571may be specified to be the maximum rate permitted by the laws of
572the state on the date such notes or renewal, refunding, or
573rollover notes are issued) and may authorize the chair, the vice
574chair, or the secretary-treasurer, or any one or more of them,
575from time to time, to determine, within the aforesaid guidelines
576and limits, the date or dates on which said notes shall be
577issued, the aggregate principal amount of notes to be issued at
578such time, the maturity date or dates of such notes, the form
579and terms (including provisions for redemption thereof, the
580amount of any redemption premium, the schedule for the
581amortization of principal and payment of interest, and other
582provisions as the board shall have authorized), the rate or
583rates of interest payable thereon (which may be a variable rate)
584and to sell, issue, execute, and deliver the same pursuant to
585such authorization. Any resolution authorizing a negotiated sale
586of notes in the form of commercial paper to any class of
587purchaser may likewise authorize the negotiated sale of renewal,
588refunding, or rollover notes to such class of purchaser and may
589contain such other provisions as the board may authorize.
590     Section 12.  The Board of Commissioners of the South
591Broward Hospital District is hereby authorized to issue bonds of
592said district of such form and denomination, becoming due not
593more than 40 years from the date of issuance, in an amount not
594to exceed $50 million as the total bonded indebtedness of said
595district (excluding from such total bonded indebtedness such
596obligations of said district that are payable from moneys other
597than taxation raised annually within said district as provided
598in section 13), for the purpose of raising funds to establish,
599construct, acquire, add to, operate, and maintain such hospital
600or hospitals or other related medical facilities as in the
601board?s opinion are necessary in said district; the said board
602of commissioners shall have the power to refund any and all
603previous issues of bonds for any and all lawful purposes in such
604manner as said district determine to be in its best interests.
605     Section 13.  Prior to the issuance of such bonds provided
606in section 12, said board of commissioners shall, by resolution,
607determine the amount which in their opinion will be necessary to
608be raised annually by taxation for an interest and sinking fund
609with which to pay the interest and principal of said bonds; and
610the said board is hereby authorized, empowered, and required to
611provide for the levy and collection annually of a sufficient tax
612upon all the taxable property in said district, not exempt by
613law, to pay such interest, and with which to provide and
614maintain a sinking fund for the payment of the principal of said
615bonds.
616     Section 14.  All bonds issued by the South Broward Hospital
617District, except refunding bonds, revenue certificates, and
618anticipation time warrants, shall be issued only after the same
619shall have been approved at a bond election in the manner
620provided for by the State Constitution.
621     Section 15.  The board of commissioners is hereby
622authorized and empowered to compromise and settle any accounts
623receivable or other claims on money due and owing to the
624district according to such terms and conditions as the board of
625commissioners, in its discretion, may determine. The factors
626which may be considered by the board of commissioners in any
627such compromise, are the ability of the debtors to pay and the
628probabilities of collection in full. The board of commissioners
629is further authorized and empowered to sell, assign, or convey
630to any person all of the right, title, and interest of the
631district in any account receivable, note receivable, or judgment
632owned by the district by payment for such amount, note, or
633judgment of whatsoever value as the board of commissioners, in
634its discretion, may determine.  The board of commissioners is
635further authorized and empowered to subordinate its interest in
636any mortgage or judgment lien to the interest of any third
637parties, according to such terms and conditions as the board of
638commissioners, in it discretion, may determine.
639     Section 16.  The board of commissioners is hereby
640authorized to provide by resolution at one time or from time to
641time for the issuance of revenue certificates of the hospital
642district for the purpose of paying all or a part of the cost of
643acquisition, construction, planning, repairing, extensions to,
644additions, equipping, furnishing, and reconstruction of any
645hospital or hospitals of the district. The certificates of each
646issuance shall be dated, shall mature at such time or times not
647exceeding 40 years from their date or dates, shall be in such
648denominations, shall bear interest at such rate or rates as may
649be determined by the board of commissioners, and may be made
650redeemable before maturity at the option of the board of
651commissioners at such price or prices and under such terms and
652conditions as may be fixed by the board of commissioners prior
653to the issuance of the certificates. The board of commissioners
654shall determine the form of the certificates, including any
655interest coupons to be attached thereto, and the manner of
656execution of the certificates and coupons, and shall fix the
657denomination or denominations of the certificates and the place
658or places of payment of principal and interest, which may be at
659any bank or trust company within or without the state. In case
660any officer whose signature or a facsimile of whose signature
661shall appear on any certificates or coupons shall cease to be
662such officer before the delivery of such certificates, such
663signature or such facsimile shall nevertheless be valid and
664sufficient for all purposes the same as if he had remained in
665office until such delivery. All certificates issued under the
666provisions of this act shall have and are hereby declared to
667have all the qualities and incidents of negotiable instruments
668under the law merchant and the laws of the state. The
669certificates may be issued in coupon or in registered form, or
670both, as the board of commissioners may determine, and
671provisions may be made for the registration of any coupon
672certificates as to principal alone and also as to both principal
673and interest, and for the reconversion into coupon certificates
674of any certificates registered as to both principal and
675interest. The issuance of such certificates shall not be subject
676to any limitations of conditions contained in any other law or
677considered as part of the total bonded indebtedness of the
678district as provided in section 12. Prior to the preparation of
679definitive certificates, the board of commissioners may, under
680like restrictions, issue interim receipts or temporary
681certificates with or without coupons, exchangeable for
682definitive certificates when such certificates have been
683executed and are available for delivery. The board of
684commissioners may also provide for the replacement of any
685certificates, which shall be mutilated or be destroyed or lost.
686 The Board of Commissioners of the South Broward Hospital
687District shall have the authority to provide by resolution for
688the issuance of refunding certificates under such terms and
689conditions as the board of commissioners shall determine to be
690in the best interests of the district.
691     Section 17.  As far as practicable, where not inconsistent
692with the provisions of this act, procedure provided in the
693general laws of Florida for elections shall govern.
694     Section 18.  All bonds issued under the provisions of
695section 12 shall be in the denomination of $100 or $1,000, or
696some multiple thereof, shall bear interest payable annually or
697semiannually, and both principal and interest shall be payable
698at such place or places as the governing authority may
699determine. The form of such bonds shall be fixed by the
700resolution of the board of commissioners and the said bonds
701shall be signed by the chair of said board and countersigned by
702the secretary of said board under the seal of the district.  The
703coupons, if any, shall be executed by the facsimile signatures
704of said officers. The delivery at any subsequent date of any
705bond and coupon so executed shall be valid, although before the
706date of delivery the person signing such bonds or coupons shall
707cease to hold office.
708     Section 19.  Bonds issued pursuant to the provisions of
709section 12 may be either registered or coupon bonds. Coupon
710bonds may be registered as to principal in the holder?s name on
711the books of the hospital district, the registration being noted
712upon the bonds, after which no transfer shall be valid unless
713made on such hospital district?s books by the registered holder
714and similarly noted on the bonds. Bonds registered as to
715principal may be discharged from registration by being
716transferred to bearer, after which they shall be transferable by
717delivery, but may be again registered as to principal as before.
718The registration of the bonds as to principal shall not restrain
719the negotiability of the coupons by delivery merely.
720     Section 20.  Before any bonds of the South Broward Hospital
721District are issued pursuant to the provisions of section 12,
722the board of commissioners shall investigate and determine the
723legality of the proceedings. The resolution authorizing the
724bonds may direct that they shall contain the following recital:
725?It is certified that this bond is authorized by and is issued
726in conformity with the requirements of the Constitution and
727Statutes of the State of Florida.? Such recital shall be an
728authorized declaration by the governing body of the district and
729shall import that there is constitutional and statutory
730authority for incurring the debts and issuing the bonds; that
731all proceedings therefore are regular; that all acts,
732conditions, and things required to exist, happen, and be
733performed precedent to and in the issuance of the bond have
734existed, happened, and been performed in due time, form, and
735manner, as required by law; and that the amount of the bond,
736together with all other indebtedness, does not exceed any limit
737or limits prescribed by the Constitution and statutes of this
738state. If any bonds be issued containing said recital, it shall
739be conclusively presumed that said recital, construed according
740to the import hereby declared, is true, and the district shall
741not be permitted to question the validity or legality of the
742obligation in any court in any action or proceeding.
743     Section 21.  In issuing bonds under the provisions of
744section 12 or revenue certificates under the provisions of
745section 16, it shall be lawful for the board of commissioners to
746include more than one improvement or hospital purpose in any
747such issue of bonds or revenue certificates.
748     Section 22.  No resolution or proceeding in respect to the
749issuance of said bonds or certificate hereunder shall be
750necessary, except such as is required by this act. No
751publication or any resolution or proceeding relating to the
752issuance of the said bonds or certificates shall be required
753except such as required by this act. Any publication prescribed
754hereby may be made in any newspaper conforming to the terms of
755this act, without regard to the designation thereof as the
756official organ of the district. Bonds issued hereunder have all
757the qualities of negotiable paper under the law merchant, shall
758not be invalid for any irregularity or defect in the proceedings
759for the issue and sale thereof, and shall be incontestable in
760the hands of bona fide purchasers or holders thereof for value.
761     Section 23.  The Board of Commissioners of the South
762Broward Hospital District shall have the power to provide by
763resolution for the issuance of refunding bonds to refund
764principal and interest of an existing bond indebtedness, issued
765under the provisions of section 12, for the payment of which the
766credit of the hospital district is pledged, and such bonds may
767be issued at or prior to maturity of the bonds to be refunded.
768Such resolution may be adopted at a regular or special meeting,
769and at the same meeting at which it is introduced, by a majority
770of all of the members of the commission then in office. It is
771determined and declared as a matter of legislative intent that
772no election to authorize the issuance of refunding bonds shall
773be necessary, except in cases where an election may be required
774by the State Constitution. In all cases where it is not
775necessary under the constitution to hold an election on the
776issuance of such refunding bonds, such resolution shall take
777effect immediately upon the adoption thereof.  No other
778proceedings or procedures of any character whatever shall be
779required for the issuance of such bonds by the said district.
780     Section 24.  The resolution of the board of commissioners
781authorizing the issuance of the refunding bonds may provide that
782the refunding bonds may be issued in one or more series; may
783bear such date, may mature at such time, not exceeding 40 years
784from their respective dates; may bear interest at such rate, not
785exceeding the maximum rate of interest borne by the bonds
786refinanced thereby; may be in such denomination; may be in such
787form, either coupon or registered; may carry such registration
788and conversion privileges; may be executed in such manner; may
789be payable in such medium of payment, at such place; may be
790subject to such terms of redemption, with or without a premium;
791may be declared or become due before the maturity date thereof;
792may provide for the replacement of mutilated, destroyed, stolen,
793or lost bonds; may be authenticated in such manner and upon
794compliance with such conditions; and may contain such other
795terms and covenants as may be desired. Notwithstanding the form
796or tenor thereof, and in the absence of an express recital on
797the face thereof that the bond is nonnegotiable, all refunding
798bonds shall at all times be, and shall be treated as, negotiable
799instruments for all purposes.
800     Section 25.  Refunding bonds bearing the signature of
801officers of the district in office on the date of the signing
802thereof shall be valid and binding obligations of the district
803for all purposes, notwithstanding that before the delivery
804thereof any or all of the persons whose signatures appear
805thereon shall have ceased to be officers of the district. Any
806resolution authorizing refunding bonds may provide that any such
807refunding bonds issued pursuant to the article may contain such
808a recital, and any refunding bond issued under authority of any
809such resolution shall be conclusively deemed to be valid and to
810have been issued in conformity with the provisions of this act.
811The authority of the district to issue obligations under this
812act may be determined and obligations to be issued under this
813act may be validated as provided by law.
814     Section 26.  Refunding bonds may be sold or exchanged, as
815follows:
816     (1)  In installments of different times, or an entire issue
817or series may be sold or exchanged at one time. Any issue or
818series of refunding bonds may be exchanged in part or sold in
819parts in installments at different times or at one time. The
820refunding bonds may be sold or exchanged at any time on, before,
821or after the maturity of any of the outstanding bonds of the
822district. The refunding bonds may be exchanged for a like or
823greater principal amount of such bonds of the district, except
824that the principal amount of the refunding bonds may exceed the
825principal amount of such outstanding bonds to the extent
826necessary or advisable, in the discretion of the governing body,
827to fund interest in arrears or about to become due. The holder
828of such outstanding bonds need not pay accrued interest on the
829refunding bonds to be delivered in exchange therefore if and to
830the extent that interest is due or accrued and unpaid on such
831outstanding bonds to be surrendered.
832     (2)  If the board of commissioners determines to exchange
833any refunding bonds, any such refunding bonds may be exchanged
834privately for and in payment and discharge of any of the
835outstanding bonds of the district. The refunding bonds may be
836exchanged for a like or greater principal amount of such bonds
837of the district, except that the principal amount of the
838refunding bonds may exceed the principal amount of such
839outstanding bonds to the extent necessary or advisable, in the
840discretion of the governing body, to fund interest in arrears or
841about to become due. The holder of such outstanding bonds need
842not pay accrued interest on the refunding bonds to be delivered
843in exchange thereof if and to the extent that interest is due or
844accrued and unpaid on such outstanding bonds to be surrendered.
845     Section 27.  The funds of said district shall be paid out
846only upon warrant signed by the chair of the board, and having
847thereto affixed the corporate seal of the district; and no
848warrant shall be drawn or issued against funds of said district
849except for a purpose authorized by this act, and no such warrant
850against funds of said district shall be drawn or issued until
851after the account or expenditure for which the same is to be
852given in payment has been ordered and approved by the board of
853commissioners.
854     Section 28.  The Board of Commissioners of South Broward
855Hospital District is hereby authorized, empowered, and directed
856annually to levy upon real and personal taxable property of said
857district, not exempt by law, a sufficient tax necessary for the
858purposes and needs of the said district incurred in the exercise
859of the powers and purposes herein granted, the rate of taxation
860per annum shall not exceed 2.5 mills on the dollar of the
861valuation of the property within the district for tax purposes,
862providing, however, that the 2.5 mill limitation herein shall
863apply only for the purposes and needs of the district and not
864for the purposes of debt service requirements for bonds that may
865be issued pursuant to section 12 of this act.
866     Section 29.  That the levy by said board of the taxes
867authorized by any provision of this act shall be by resolution
868of said board duly entered upon the minutes of the board.
869Certified copies of such resolution executed in the name of the
870board by its chair, under its corporate seal, shall be made and
871delivered to the Board of County Commissioners of Broward County
872and to the Chief Financial Officer not later than the 15th day
873of June of each and every year. It shall be the duty of the
874County Commissioners of Broward County to order and require that
875the County Property Appraiser of said county to assess, and the
876County Tax Collector of said county to collect the amount of
877taxes so assessed or levied by the Board of Commissioners of
878said South Broward Hospital District upon the taxable property
879in said district, not exempt by law, at the rate of taxation
880adopted by said board of commissioners of said district for said
881year and include in the warrant of the property appraiser and
882attach to the assessment roll of taxes for said year and
883included in the warrant of the property appraiser and attach to
884the assessment roll of taxes for said county each year. The tax
885collector shall collect such tax so levied by said board in the
886same manner as other taxes are collected, and shall pay the same
887over to the Board of Commissioners of South Broward Hospital
888District within the time and in the manner prescribed by law for
889the payment by the tax collector of county taxes to the county
890depository. It shall be the duty of the Florida Department of
891Revenue to assess and levy on all the railroad lines and
892railroad property situated or located in said district,
893including as well all telephone lines. The amount of each said
894levy of each said county or state taxes and the said taxes shall
895be assessed by the same officer respectfully as are county taxes
896upon such property, and such taxes shall be remitted by the
897collecting officer to the Board of Commissioners of South
898Broward Hospital District. All such taxes shall be held by said
899board of commissioners and paid out by them as provided in this
900act. The board is authorized to pay necessary expenses to the
901aforenamed officers for the assessment and collection of taxes
902on a reasonable fee basis.
903     Section 30.  The board is authorized to pay from the funds
904of the district all expenses of the organization of said board
905and all expenses necessarily incurred with the formation of said
906district and all other reasonable and necessary expenses,
907including the fees and expenses of an attorney in the
908transaction of the business of the district, and in carrying out
909and accomplishing the purposes of the act. This section,
910however, shall not be construed to remit or instruct any of the
911powers vested in said board of commissioners by any other
912section or provision of this act.
913     Section 31.  At least once in each year the board of
914commissioners shall publish once in some newspaper published in
915said district a complete detailed statement of all moneys
916received and disbursed by them since the creation of the
917district as to the first published statement and since the last
918published statement as to any other year. Such statements shall
919also show the several sources from which said funds were
920received and shall show the balance on hand at the time of the
921published statement. It shall show a complete statement of the
922condition of the district.
923     Section 32.  Each hospital or clinic established under this
924act shall be for the use and benefit of the residents of this
925district. Such residents shall be admitted to such hospital or
926clinic and be entitled to hospitalization, subject, however, to
927the rules and regulations prescribed by the board of
928commissioners, which rules and regulations are effective as of
929the date of admission of a patient or patients to said hospital
930or clinic. Such hospital or clinic may care for and treat
931without charge to patients who are found by the board of
932commissioners to be indigent. Such board may collect from
933patients financially able, such charges as the board of
934commissioners may from time to time establish. The board of
935commissioners may exclude from treatment and care any person
936having a communicable or contagious disease, where such disease
937may be a detriment to the best interests of such hospital or
938clinic or a source of contagion or infection to the patient in
939its care, unless such hospital has a separate building or ward
940for the special treatment of such patients, and can properly and
941with safety to the other patients retain such communicable or
942contagious case in such separate ward or building. Said board of
943commissioners may extend the privileges and use of such hospital
944or clinic to nonresidents of such district upon such terms and
945conditions as the said board may from time to time by its rules
946and regulations provide. Provided, however, that the residents
947of the district wherein such hospital or clinic is located,
948shall have first claim to admission.
949     Section 33.  Realizing that factors other than professional
950must enter into the qualification of those who practice medicine
951and surgery, the Board of Commissioners of said South Broward
952Hospital District are hereby authorized and empowered to set up
953rules, regulations, and bylaws for the operation of the hospital
954and the hospital staff; the board of commissioners are
955authorized to give, grant, or revoke licenses and privileges of
956staff members so that the welfare and health of patients and the
957best interests of the hospital may at all times be best served.
958The board of commissioners of the said district are further
959authorized and empowered to set up rules and regulations for the
960control of all professional and unprofessional employees of the
961hospital, which terms shall include nurses on general duty or on
962private duty attending patients, and all parties in the hospital
963either as employees or in any manner in attendance of patients.
964     Section 34.  It is intended that the provisions of this act
965shall be liberally construed for accomplishing the work
966authorized and provided for or intended to be provided for in
967this act, and where strict construction would result in the
968defeat of the accomplishment of any part of the work authorized
969by this act, and a liberal construction would permit or assist
970in the accomplishment, thereof, the liberal construction shall
971be chosen.
972     Section 35.  The Board of County Commissioners of Broward
973County are hereby authorized, empowered, and required upon the
974petition of not less than 25 qualified electors owning real
975property in the territory covered by said South Broward Hospital
976District, to call and hold an election within said district
977after giving not less than 30 days' notice of the time and place
978within such district where such an election will be held. All
979qualified electors owning real property in the territory covered
980by said South Broward Hospital District shall be entitled to
981vote at said election, and the result of said election shall be
982reported by the manager thereof to the Board of County
983Commissioners of Broward County, who shall canvas the returns
984and declare the results thereof. If a majority of the qualified
985electors voting at the said election shall vote in favor of the
986approval and ratification of this act, then this act shall
987immediately become effective. The sole questions to be voted on
988at said election shall be the ratification or rejection of all
989of the terms and provisions of this act.
990     Section 36.  Any clause or section of this act which for
991any reason may be held or declared invalid may be eliminated and
992the remaining portion or portions thereof shall be and remain in
993full force and be valid, as if such invalid clause or section
994had not been incorporated therein.
995     Section 37.  Notwithstanding the provisions of section
996218.33, Florida Statutes, the fiscal year of South Broward
997Hospital District shall commence May 1 and end on April 30 of
998each calendar year.
999     Section 38.  (1)  The bonds of the district may bear such
1000rate or rates of interest, including a variable rate of
1001interest, and may be sold at par or at such premium or discount
1002as the board shall determine, as shall not, taking into account
1003the stated interest rate and any discount or premium, cause the
1004average net interest cost rate to exceed the maximum average net
1005interest cost rate permitted by section 215.84, Florida
1006Statutes, or any interest rate, or average net interest cost
1007rate, per annum permitted by general law amending or superseding
1008section 215.84, Florida Statutes.
1009     (2)  The procedures for the sale of general obligation
1010bonds or revenue bonds, as defined in section 218.385, Florida
1011Statutes, of the district shall be governed by section 218.385,
1012Florida Statutes, or by any general law amending or superseding
1013section 218.385, Florida Statutes.
1014     Section 39.  In addition to any investment authorized by
1015general law, and to the extent created by the State
1016Constitution, the Board of Commissioners of the South Broward
1017Hospital District shall be and is hereby authorized and
1018empowered to invest any funds in its control or possession in
1019accordance with an investment policy approved by the board which
1020mandates prudent investment practices which shall include, among
1021other items, the investment objectives and permitted securities
1022of the policy. Such investment policy shall be designed to
1023maximize the financial return to the fund consistent with the
1024risks incumbent in each investment and shall be designed to
1025preserve the appropriate diversification of the portfolio.
1026Accordingly, the following instruments are authorized for
1027investment:
1028     (1)  In the trust fund known as Local Government Surplus
1029Funds Trust Fund as created and established by section 218.405,
1030Florida Statutes.
1031     (2)  Bankers' acceptances which are drawn upon and accepted
1032by a commercial bank which is a member bank of the Federal
1033Reserve System maintaining capital accounts in excess of 7.5
1034percent of total assets, and which member bank of its holding
1035company carries a credit rating in one of the two highest
1036alphabetical categories from at least two nationally recognized
1037debt rating agencies.
1038     (3)  Commercial paper of prime quality rated by at least
1039two nationally recognized debt rating agencies in the highest
1040letter and numerical rating of each agency. If not so rated,
1041such prime quality commercial paper may be purchased if secured
1042by a letter of credit provided by a commercial bank, which bank
1043or its holding company carries a credit rating in one of the two
1044highest alphabetical categories from at least two nationally
1045recognized debt rating agencies.
1046     (4)  Interest-bearing bonds, debentures, and other such
1047evidence of indebtedness with a fixed maturity of any domestic
1048corporation within the United States which is listed on any one
1049or more of the recognized national stock exchanges in the United
1050States which is listed on any one or more of the recognized
1051national stock exchanges in the United States and conforms with
1052the periodic reporting requirements under the Securities
1053Exchange Act of 1934. Such obligations shall either carry
1054ratings in one of the two highest classifications of at least
1055two nationally recognized debt rating agencies or be secured by
1056a letter of credit provided by a commercial bank, which bank or
1057its holding company carries a credit rating in one of the two
1058highest alphabetical categories from at least two nationally
1059recognized debt rating agencies.
1060     (5)  Negotiable direct obligations of, or obligations the
1061principal and interest of which are unconditionally guaranteed
1062by, the United States Government and obligations of the Federal
1063Farm Credit Banks, Federal Home Loan Mortgage Corporations, or
1064Federal Home Loan Bank or its district banks, including Federal
1065Home Loan Mortgage Corporation participation certificates or
1066obligations guaranteed by the Government National Mortgage
1067Association, which are purchased and sold under repurchase
1068agreements and reverse repurchase agreements. Repurchase
1069agreements and reverse repurchase agreements may be entered into
1070only with a member bank of the Federal Reserve System or primary
1071dealer in United States Government Securities. Further, any such
1072repurchase agreements and reverse repurchase agreements shall be
1073fully collaterized by the type of securities which are named in
1074this subsection. Securities purchased or repurchased by the
1075South Broward Hospital District shall be delivered to the South
1076Broward Hospital District or its agent versus payment.
1077     (6)  Purchase of options so as to engage in bona fide
1078hedging activities for the purpose of protecting the asset value
1079of the underlying portfolio. However, the underlying security
1080(that is, the security that must be delivered if a put option or
1081call option contract is exercised) shall be negotiable direct
1082obligations of, or obligations the principal and interest of
1083which are unconditionally guaranteed by, the United States
1084Government and obligations of the Federal Farm Credit Banks,
1085Federal Home Loan Mortgage Corporations, or Federal Loan Bank or
1086its district banks, including Federal Home Loan Mortgage
1087Corporation participation certificates, or obligations
1088guaranteed by the Government National Mortgage Association.
1089Further, the options of said underlying securities shall be
1090traded on a securities exchange or board of trade regulated by
1091the Securities Exchange Commission or the Commodity Futures
1092Trading Commission.
1093     Section 40.  (1)  Notwithstanding the provisions of part
1094III of chapter 163, Florida Statutes, the district is not a
1095?public body? or ?taxing authority,? as those terms are used in
1096part III, chapter 163, Florida Statutes.
1097     (2)  This section shall not apply with respect to any
1098geographic area approved as appropriate for community
1099redevelopment by a resolution or ordinance adopted pursuant to
1100section 163.355, Florida Statutes, by a governing body prior to
1101January 1, 1998, or to any geographic area approved by the
1102governing body pursuant to section 163.355, Florida Statutes, as
1103a community redevelopment area prior to January 1, 1998.
1104However, this section shall apply to any geographic area
1105approved as appropriate for community redevelopment or added to
1106a community redevelopment area by resolution or ordinance of a
1107governing body adopted on or after January 1, 1998.  The terms
1108?governing body? and ?community redevelopment area? mean the
1109same as in part III, chapter 163, Florida Statutes.
1110     Section 4.  It is intended that the provisions of this
1111action shall be liberally construed for accomplishment of the
1112work authorized and provided for or intended to be provided for
1113by this act, and where strict construction would permit or
1114assist in the accomplishment of any apart of the work authorized
1115by this act, the liberal construction shall be chosen.
1116     Section 5.  All acts and proceedings of the circuit court
1117taken by, for, and on behalf of the district since the creation
1118thereof, and all of the acts and proceedings of the board of
1119commissioners, and all other officers and agents of the
1120district, and of the county, acting for and on behalf of the
1121district, and any and all tax levies and assessments which have
1122been made by the board of commissioners for and on behalf of the
1123district, are each and every one of them, and each and every
1124part thereof, hereby ratified.
1125     Section 6.  If any section, subsection, sentence, clause,
1126or phrase of this act is held to be unconstitutional, such
1127holding shall not affect the validity of the remaining portions
1128of the act, the Legislature hereby declaring that it would have
1129passed this act and each section, subsection, sentence, clause,
1130and phrase thereof, irrespective of any other separate section,
1131subsection, sentence, clause, or phrase thereof, and
1132irrespective of the fact that any one or more other sections,
1133subsections, sentences, clauses, or phrases thereof may be
1134declared unconstitutional.
1135     Section 7.  Chapter 24415 (1947), Laws of Florida, which
1136was approved by the electors for the district in referendum held
1137on May 22, 1950, is repealed; provided, however, that, as
1138provided in section 189.429(3), Florida Statutes, nothing in
1139this act, including specifically this section 7 shall modify,
1140amend, or alter any covenants, contract, or other obligations of
1141the district or board of commissioners with respect to the
1142district?s bonded indebtedness; and affect the ability of the
1143board of commissioners and district to levy and collect taxes as
1144permitted under prior law and herein.  Chapters 24415 (1947),
114559-1125, 59-1126, 59-1128, 61-1925, 61-1932, 61-1935, 63-1180,
114665-1296, 65-1339, 67-1164, 69-910, 70-618, 71-566, 71-577, 72-
1147494, 74-436, 74-450, 75-346, 75-349, 76-337, 76-339, 79-431, 80-
1148459, 80-466, 80-467, 80-469, 81-351, 82-269, 83-378, 84-400, 90-
1149488, and 99-423, Laws of Florida, are hereby repealed.
1150     Section 8.  This act shall take effect upon becoming a law.


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