Fla. Stat. § 279.01
Short title
This act shall be known and may be cited as the “Registered Public Obligations Act of Florida.”
Florida Statutes Chapter 279 — REGISTERED PUBLIC OBLIGATIONS
Florida · statute · Fla. Stat. ch. 279 · 15 active provisions
Fla. Stat. § 279.02
Definitions
As used in this act, the following terms have the following meanings, unless the context otherwise requires:(1) “Authorized officer” means any individual required or permitted, alone or with others, by any provision of law or by the issuing public entity to execute on behalf of the public entity a certificated register…
Fla. Stat. § 279.03
Legislative intent
(1) The code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless such obligations are in registered form. It is therefore a matter of state concern that public entities be authorized to provide for the issuance of obligations in such form. It is a purpose of…
Fla. Stat. § 279.04
System of registration
(1) Each issuer or its designated agent is authorized to establish and maintain a system of registration with respect to each obligation which it issues. The system may be either:(a) A system pursuant to which only certificated registered public obligations are issued;(b) A system pursuant to which only uncertificated…
Fla. Stat. § 279.06
Execution of certificated registered public obligations
(1) A certificated registered public obligation shall be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer.(2) In addition to the signatures referred…
Fla. Stat. § 279.07
Valid and binding execution; signatures
(1) Any certificated registered public obligation which is signed by the authorized officers at the time of its signing shall remain valid and binding, notwithstanding the fact that, before its issuance, any or all of such officers have ceased to fill their respective offices.(2) Any authorized officer who is empowered…
Fla. Stat. § 279.08
Seal
When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to be printed, engraved, stamped, or otherwise placed in facsimile on the obligation. The facsimile seal has the same legal effect as the impression of the seal.
Fla. Stat. § 279.09
Agents
(1) An issuer may appoint for such term as may be agreed, including the period for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, or paying or other agents and may specify the terms of their appointments, including their rights, their…
Fla. Stat. § 279.10
Expenses; payment of costs
(1) An issuer, prior to or at original issuance of registered public obligations, may provide as part of a system of registration for the means of payment of the costs thereof.(2) The issuer may, as part of a system of registration, provide for reimbursement or for satisfaction of its liability by payment by others. Th…
Fla. Stat. § 279.11
Records
(1) Records with regard to the ownership of, or security interests in, registered public obligations are not subject to inspection or copying under any law of the state relating to the right of the public to inspect or copy public records and shall be confidential and exempt from the provisions of s. 119.07(1).(2) Regi…
Fla. Stat. § 279.13
Obligations issued by public entities
Obligations issued by public entities under the laws of one or more states, territories, or possessions, including the District of Columbia and the State of Florida, which obligations are in registered form, whether or not represented by an instrument, and which, except for their form, satisfy the requirements with reg…
Fla. Stat. § 279.15
Applicability
(1) Unless at any time prior to or at original issuance of a registered public obligation the official or official body of the issuer determines otherwise, this act is applicable to such registered public obligation notwithstanding any provision of law to the contrary. When this act is applicable, no contrary provision…
Fla. Stat. § 279.16
Construction
This act shall be construed in conjunction with chapters 671-680 and the principles of contract law relative to the registration and transfer of obligations.
Fla. Stat. § 279.18
Laws in conflict with act superseded
Any special or general law in conflict with the provisions of this act authorizing the issuance of bonds in registered form is hereby superseded to the extent of such conflict.
Fla. Stat. § 279.19
Covenant of state
The State of Florida hereby covenants with the owners of any registered public obligations that it will not amend or repeal this act if the effect may be to impair the exemption from income taxation of interest on registered public obligations.