Fla. Stat. 331.346
Validity of bonds; validation proceedings

Any bonds issued by Space Florida shall be incontestable in the hands of bona fide purchasers or holders for value and shall not be invalid because of any irregularity or defect in the proceedings for the issue and sale thereof. Before the issuance of any bonds, Space Florida shall publish a notice at least once in a newspaper or newspapers published or of general circulation in the appropriate counties in the state, stating the date of adoption of the resolution authorizing such obligations, the amount, maximum rate of interest, and maturity of such obligations, and the purpose in general terms for which such obligations are to be issued, and further stating that no action or proceeding questioning the validity of such obligations or of the proceedings authorizing the issuance thereof, or of any covenants made therein, must be instituted within 20 days after the first publication of such notice, or the validity of such obligations, proceedings, and covenants shall not be thereafter questioned in any court whatsoever. If no such action or proceeding is so instituted within such 20-day period, then the validity of such obligations, proceedings, and covenants shall be conclusive, and all persons or parties whatsoever shall be forever barred from questioning the validity of such obligations, proceedings, or covenants in any court whatsoever. Alternatively, Space Florida may validate its bonds pursuant to chapter 75.

Source: Section 331.346 — Validity of bonds; validation proceedings, https://www.­flsenate.­gov/Laws/Statutes/2024/0331.­346 (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

§ 331.346. Validity of bonds; validation proceedings's source at flsenate​.gov