Florida Statutes 159.803 – Definitions
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 159.803
- bond: means any bond which requires an allocation pursuant to…. See Florida Statutes 159.803
- Code: means the Internal Revenue Code of 1986, as amended, and the regulations and rulings issued thereunder. See Florida Statutes 159.803
- County: means the geographic boundaries of each county as established by law. See Florida Statutes 159.803
- Director: means the director of the Division of Bond Finance of the State Board of Administration or his or her designee. See Florida Statutes 159.803
- Division: means the Division of Bond Finance of the State Board of Administration. See Florida Statutes 159.803
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
As used in this part, the term:
(1) “County” means the geographic boundaries of each county as established by law.
(2) “Private activity bond” or “bond” means any bond which requires an allocation pursuant to s. 146 of the Code.
(3) “Director” means the director of the Division of Bond Finance of the State Board of Administration or his or her designee.
(4) “Agency” means the State of Florida, any unit of local government, industrial development authority, or other entity in this state authorized to issue private activity bonds.
(5) “Priority project” means a solid waste disposal facility or a sewage facility, as such terms are defined in s. 142 of the Code, or a water facility, as defined in s. 142 of the Code, which is operated by a member-owned, not-for-profit utility, or any project which is to be located in an area which is an enterprise zone designated pursuant to s. 290.0065.
(6) “Division” means the Division of Bond Finance of the State Board of Administration.
(7) “Issued” or “issuance” has the same meaning as in the Code.
(8) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and rulings issued thereunder.
(9) “Housing bonds” means bonds issued pursuant to s. 142(d) of the Code to finance qualified residential units or mortgage revenue bonds issued pursuant to s. 143 of the Code which require an allocation under s. 146 of the Code.
(10) “Manufacturing facility” means a facility described in s. 144(a)(12)(C) of the Code.
(11) “Florida First Business project” means any project which is certified by the Department of Commerce as eligible to receive an allocation from the Florida First Business allocation pool established pursuant to s. 159.8083. The Department of Commerce may certify those projects proposed by a business which qualify as a target industry business as defined in s. 288.005 or any project providing a substantial economic benefit to this state. The department shall develop measurement protocols and performance measures to determine what competitive value a project by a target industry business will bring to the state pursuant to ss. 20.60(5)(a)3. and 288.061(2).
(12) “Mortgage credit certificate” means those certificates issued pursuant to s. 25 of the Code.