Fla. Stat. 338.228
Bonds not debts or pledges of credit of state

Turnpike revenue bonds issued under the provisions of ss. 338.22-338.241 are not debts of the state or pledges of the faith and credit of the state. Such bonds are payable exclusively from revenues pledged for their payment. All such bonds shall contain a statement on their face that the state is not obligated to pay the same or the interest thereon, except from the revenues pledged for their payment, and that the faith and credit of the state is not pledged to the payment of the principal or interest of such bonds. The issuance of turnpike revenue bonds under the provisions of ss. 338.22-338.241 does not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatsoever, or to make any appropriation for their payment. Except as provided in ss. 338.223, 338.2275, and 339.65, state funds may not be used on any turnpike project or to pay the principal or interest of any bonds issued to finance or refinance any portion of the turnpike system, and all such bonds shall contain a statement on their face to this effect.

Source: Section 338.228 — Bonds not debts or pledges of credit of state, https://www.­flsenate.­gov/Laws/Statutes/2024/0338.­228 (accessed Aug. 7, 2025).

338.01
Authority to establish and regulate limited access facilities 338.04
Acquisition of property and property rights for limited access facility and service roads 338.22
Florida Turnpike Enterprise Law 338.26
Alligator Alley toll road 338.151
Authority of the department to establish tolls on the State Highway System 338.155
Payment of toll on toll facilities required 338.161
Authority of department or toll agencies to advertise and promote electronic toll collection 338.165
Continuation of tolls 338.166
High-occupancy toll lanes or express lanes 338.221
Definitions 338.222
Department of Transportation sole governmental entity to acquire, construct, or operate turnpike projects 338.223
Proposed turnpike projects 338.225
Taking of public road for feeder road 338.227
Turnpike revenue bonds 338.228
Bonds not debts or pledges of credit of state 338.229
Pledge to bondholders not to restrict certain rights of department 338.231
Turnpike tolls, fixing 338.232
Continuation of tolls upon provision for payment of bondholders and assumption of maintenance by department 338.234
Granting concessions or selling along the turnpike system 338.235
Contracts with department for provision of services on the turnpike system 338.236
Staging areas for emergencies 338.237
Municipal signs on the turnpike system rights-of-way 338.239
Traffic control on the turnpike system 338.241
Cash reserve requirement 338.2215
Florida Turnpike Enterprise 338.2216
Florida Turnpike Enterprise 338.2275
Approved turnpike projects 338.2276
Western Beltway turnpike project 338.2511
Deposit and use of funds in Toll Facilities Revolving Trust Fund

Current through Fall 2025

§ 338.228. Bonds not debts or pledges of credit of state's source at flsenate​.gov