Fla. Stat. 163.390
Bonds as legal investments

All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any bonds or other obligations issued by a county or municipality pursuant to this part or by any community redevelopment agency vested with community redevelopment powers. Such bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize all persons, political subdivisions, and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds or other obligations. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.

Source: Section 163.390 — Bonds as legal investments, https://www.­flsenate.­gov/Laws/Statutes/2024/0163.­390 (accessed Aug. 7, 2025).

163.330
Short title 163.335
Findings and declarations of necessity 163.340
Definitions 163.345
Encouragement of private enterprise 163.346
Notice to taxing authorities 163.350
Workable program 163.353
Power of taxing authority to tax or appropriate funds to a redevelopment trust fund in order to preserve and enhance the tax base of the authority 163.355
Finding of necessity by county or municipality 163.356
Creation of community redevelopment agency 163.357
Governing body as the community redevelopment agency 163.358
Exercise of powers in carrying out community redevelopment and related activities 163.360
Community redevelopment plans 163.361
Modification of community redevelopment plans 163.362
Contents of community redevelopment plan 163.365
Neighborhood and communitywide plans 163.367
Public officials, commissioners, and employees subject to code of ethics 163.370
Powers 163.371
Reporting requirements 163.380
Disposal of property in community redevelopment area 163.385
Issuance of revenue bonds 163.387
Redevelopment trust fund 163.390
Bonds as legal investments 163.395
Property exempt from taxes and from levy and sale by virtue of an execution 163.400
Cooperation by public bodies 163.405
Title of purchaser 163.410
Exercise of powers in counties with home rule charters 163.415
Exercise of powers in counties without home rule charters 163.430
Powers supplemental to existing community redevelopment powers 163.445
Assistance to community redevelopment by state agencies 163.450
Municipal and county participation in neighborhood development programs under Pub. L. No. 90-448 163.463
Applicability of ch. 2002-294 163.3755
Termination of community redevelopment agencies

Current through Fall 2025

§ 163.390. Bonds as legal investments's source at flsenate​.gov