Fla. Stat. 153.72
Bonds; qualities of negotiable instruments; rights of holders

All revenue bonds, general obligation bonds or assessment bonds issued hereunder shall be and constitute, and have all the qualities and incidents of negotiable instruments under the law merchant and the negotiable instruments law of Florida, and shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale thereof and shall be incontestable in the hands of bona fide purchasers for value. No proceedings in respect to the issuance of such bonds shall be necessary except such as are required by this law. The provisions of this law shall constitute an irrevocable contract between said district and the holders of any such bonds or coupons thereof issued pursuant to the provisions hereof. Any holder of such bonds may either at law or in equity, by suit, action or mandamus, enforce and compel the performance of the duties required by this law or of any of the officers or persons herein mentioned in relation to said bonds, or the levy, assessment, collection and enforcement and application of the taxes, revenues, assessments or other funds pledged for the payment of the principal and interest thereof.

Source: Section 153.72 — Bonds; qualities of negotiable instruments; rights of holders, https://www.­flsenate.­gov/Laws/Statutes/2024/0153.­72 (accessed Aug. 7, 2025).

153.50
Short title 153.51
Legislative intent 153.52
Definitions 153.53
Establishment of districts in unincorporated areas 153.54
Preliminary report by county commissioners with respect to creation of proposed district 153.55
Public hearing upon report of county commissioners and creation of district 153.56
Call election to determine creation of district, issuance of bonds 153.57
Ballots and election officials 153.58
Election results 153.59
Court proceedings 153.60
County commissioners ex officio governing board 153.61
Expenses 153.62
District board 153.63
Revenue bonds 153.64
Schedule of rates and fees 153.65
Trust funds 153.66
Covenants of district board with bondholders 153.67
Unpaid fees to constitute lien 153.68
General obligation bonds, election 153.69
County property appraiser ex officio tax assessor for district 153.70
Provisions of s 153.71
Publication of notice of issuance of bonds 153.72
Bonds 153.73
Assessable improvements 153.74
Issuance of certificates of indebtedness based on assessments for assessable improvements 153.75
Annual reports of district board 153.76
Exemption from taxation 153.77
District bonds as securities for public bodies 153.78
Bonds as payment for services 153.79
Contracts for construction of improvements, sealed bids 153.80
Consolidation of systems 153.81
Ad valorem maintenance tax 153.82
Handling of taxes and special assessments, district treasurer 153.83
Free water and sewer services prohibited 153.84
Contracts enforceable by bondholders 153.85
Conveyance of property without consideration 153.86
District approval of construction of water and sewage facilities 153.87
Mortgage or sale by board of district property prohibited 153.88
Construction of law

Current through Fall 2025

§ 153.72. Bonds; qualities of negotiable instruments; rights of holders's source at flsenate​.gov