Fla. Stat. 331.340
Authorization and form of bonds

Bonds may be authorized by resolution or resolutions of the board which are adopted by a majority of all of the members thereof then in office and present at the meeting at which the resolution or resolutions are adopted and shall be approved as provided in s. 331.305. The resolution or resolutions of the board may be adopted at the same meeting at which they are introduced and shall be published and noticed. The board may by resolution authorize the issuance of bonds and determine the aggregate amount of bonds to be issued, the purpose or purposes for which the moneys derived therefrom shall be expended, the rate or rates of interest, the denomination of the bonds, whether the bonds are to be issued in one or more series, the date or dates thereof, the date or dates of maturity, which shall not exceed 30 years from their respective dates of issuance, the medium of payment, the place or places within or without the state where payment shall be made, registration privileges, redemption terms and privileges (whether with or without premium), the manner of execution, the form of the bonds including any interest coupons to be attached thereto, the manner of execution of bonds and coupons, and any and all other terms, covenants, and conditions thereof, and the establishment of reserve or other funds. Such authorizing resolution may further provide that such bonds may be executed manually or by engraved, lithographed, or facsimile signature, provided that where signatures are engraved, lithographed, or facsimile, a bond shall not be valid unless countersigned by a registrar or other officer designated by appropriate resolution of the board. The seal of Space Florida may be affixed, lithographed, engraved, or otherwise reproduced in facsimile on such bonds. In case any officer whose signature or a facsimile of whose signature appears on any bonds or coupons ceases to be such officer before the delivery of such bonds, such signature or facsimile is nevertheless valid and sufficient for all purposes as if the officer had remained in office until such delivery.

Source: Section 331.340 — Authorization and form of bonds, https://www.­flsenate.­gov/Laws/Statutes/2024/0331.­340 (accessed Aug. 7, 2025).

331.301
Short title 331.302
Space Florida 331.303
Definitions 331.304
Spaceport territory 331.305
Powers of Space Florida 331.306
Federal airspace notification 331.307
Development of Cape San Blas facility 331.309
Treasurer 331.310
Powers and duties of the board of directors 331.311
Exercise by Space Florida of its powers within municipalities and other political subdivisions 331.312
Furnishing facilities and services within the spaceport territory 331.313
Power of Space Florida with respect to roads 331.316
Rates, fees, rentals, tolls, fares, and charges 331.317
Recovery of delinquent charges 331.318
Discontinuance of service 331.319
Comprehensive planning 331.320
Additional powers of board 331.321
Federal and other funds and aid 331.322
Agreements with municipalities within any spaceport territory 331.323
Cooperative agreements with the state, counties, and municipalities 331.324
Contracts, grants, and contributions 331.325
Environmental permits 331.327
Foreign trade zone 331.328
Sovereign immunity 331.329
Changing boundary lines 331.330
Enforcement and penalties 331.331
Revenue bonds 331.332
Issuance of additional bonds 331.333
Refunding bonds 331.335
Lien of pledges 331.338
Trust agreements 331.339
Sale of bonds 331.340
Authorization and form of bonds 331.341
Interim certificates 331.342
Negotiability of bonds 331.343
Defeasance 331.344
Bonds as legal investment or security 331.345
Covenants 331.346
Validity of bonds 331.347
Act furnishes full authority for issuance of bonds 331.348
Investment of funds 331.349
Fiscal year of Space Florida 331.350
Insurance coverage of Space Florida 331.351
Participation by women, minorities, and socially and economically disadvantaged business enterprises encouraged 331.353
Rulemaking authority 331.354
Tax exemption 331.355
Use of name 331.360
Joint participation agreement or assistance 331.369
Space Industry Workforce Initiative 331.370
Space and aerospace infrastructure 331.371
Strategic space infrastructure investment 331.3011
Legislative findings and intent 331.3051
Duties of Space Florida 331.3081
Board of directors 331.3101
Space Florida

Current through Fall 2025

§ 331.340. Authorization & form of bonds's source at flsenate​.gov