Fla. Stat. 420.505
Meetings; quorum; voting

The powers of the corporation shall be vested in the members of its board of directors in office from time to time. Five members of the board shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be taken by the board upon an affirmative vote of a majority of the members present, provided that no action shall be taken by an affirmative vote of less than four members.

Source: Section 420.505 — Meetings; quorum; voting, https://www.flsenate.gov/Laws/Statutes/2024/0420.505 (accessed Aug. 7, 2025).

420.51
State and local government not liable on bonds or notes 420.55
Housing 420.501
Short title 420.502
Legislative findings 420.503
Definitions 420.504
Public corporation 420.505
Meetings 420.506
Executive director 420.507
Powers of the corporation 420.508
Special powers 420.509
Revenue bonds 420.511
Strategic business plan 420.512
Conflicts of interest 420.513
Exemption from taxes and eligibility as investment 420.514
Corporate existence 420.515
Inconsistent provisions of other laws superseded 420.516
Discrimination prohibited 420.517
Affordable housing and job training coordination 420.518
Preclusion from participation in corporation programs 420.521
Short title 420.522
Legislative findings 420.523
Purpose 420.524
Definitions relating to Predevelopment Loan Program Act 420.525
Housing Predevelopment Fund 420.526
Predevelopment Loan Program 420.527
Criteria for determining threshold compliance 420.528
Rules 420.529
Default by sponsor 420.531
Affordable Housing Catalyst Program 420.5061
Transfer of 420.5087
State Apartment Incentive Loan Program 420.5088
Florida Homeownership Assistance Program 420.5089
HOME Investment Partnership Program 420.5092
Florida Affordable Housing Guarantee Program 420.5093
State Housing Tax Credit Program 420.5095
Community Workforce Housing Loan Program 420.5096
Florida Hometown Hero Program 420.5099
Allocation of the low-income housing tax credit 420.5295
Applicability 420.50871
Allocation of increased revenues derived from amendments to s 420.50872
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Current through Fall 2025

§ 420.505. Meetings; quorum; voting's source at flsenate.gov

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Location: https://florida.public.law/statutes/fla._stat._420.505

Original Source: Section 420.505 — Meetings; quorum; voting, https://www.flsenate.gov/Laws/Statutes/2024/0420.505 (last accessed Aug. 7, 2025).