Fla. Stat. 298.50
Levy of tax to pay bonds, sinking fund


(1)

The board of supervisors in making the annual tax levy, as provided in this chapter, shall take into account the maturing bonds and interest on all bonds, and make provisions in advance for the payment thereof. In case the proceeds of the original tax levy made under the provisions of s. 298.36 are not sufficient to pay the principal and interest on all bonds issued, then the board of supervisors shall make such additional levies upon the benefits assessed as are necessary for this purpose, and under no circumstances shall any tax levies be made that will in any manner or to any extent impair the security of said bonds or the fund available for the payment of the principal and interest of the same.

(2)

A sufficient amount of the drainage tax shall be appropriated by the board of supervisors for the purpose of paying the principal and interest of the said bonds and the same shall, when collected, be preserved in a separate fund for that purpose and no other. Should said drainage tax prove insufficient for the payment of any bonds issued subsequent to June 1, 1927, additional taxes apportioned to the amounts of said drainage tax may be levied in such amounts as may be necessary for such purposes.

Source: Section 298.50 — Levy of tax to pay bonds, sinking fund, https://www.­flsenate.­gov/Laws/Statutes/2024/0298.­50 (accessed Aug. 7, 2025).

298.001
Districts designated as “water control” districts
298.01
Formation of water control district
298.005
Definitions
298.11
Landowners’ meetings
298.12
Annual election of supervisors
298.13
Supervisor’s oath of office
298.14
Organization of board
298.15
Record of proceedings
298.16
Appointment of district engineer
298.17
Appointment and duties of treasurer of district
298.18
Supervisors to employ attorney for district
298.19
Appointment and duties of superintendent of plant and operations and overseers
298.20
Supervisors to fix compensation for work and employees
298.21
Supervisors may remove officers and employees
298.22
Powers of supervisors
298.23
Supervisors authorized to take land for rights-of-way, etc.
298.24
Bridge construction
298.25
Type of bridges over drains in large counties
298.26
District engineer to make annual reports to supervisors
298.28
Watercourses to be connected with drainage of district
298.36
Lands belonging to state assessed
298.41
Taxes and costs a lien on land against which taxes levied
298.47
Supervisors may issue bonds
298.48
Sale of bonds and disposition of proceeds
298.49
Interest upon matured bonds
298.50
Levy of tax to pay bonds, sinking fund
298.51
Defaults, receivership for district
298.52
Refunding and extending bonds
298.54
Maintenance tax
298.56
Bonds issued secured by lien on lands benefited
298.57
Landowner in district may construct drains across land of intervening landowner
298.59
Supervisors authorized to obtain consent of United States
298.60
Unpaid warrants issued by district to draw interest
298.61
Sureties on bonds
298.62
Lands may be acquired for rights-of-way and other purposes
298.63
Bonds to secure loans from Secretary of Interior
298.66
Obstruction of public drainage canals, etc., prohibited
298.70
Department of Environmental Protection authorized to borrow money
298.71
Department may issue notes
298.72
Department may use proceeds of drainage tax to pay loans
298.73
Matured written obligations receivable in payment of taxes
298.74
Drainage of lakes
298.76
Special or local legislation
298.77
Readjustment of assessments
298.78
Lien
298.225
Water control plan
298.301
District water control plan adoption
298.305
Assessing land for development
298.329
When works insufficient, supervisors have power to make a new or amended plan
298.333
Assessments and costs
298.341
When unpaid assessments delinquent
298.345
Enforcement of non-ad valorem assessments
298.349
Uniform initial acreage assessment for payment of expenses
298.353
Unit development
298.365
Collection of annual installment tax
298.366
Delinquent taxes
298.401
Property appraisers and tax collectors
298.465
District taxes

Current through Fall 2025

§ 298.50. Levy of tax to pay bonds, sinking fund's source at flsenate​.gov