State Codes and Statutes
Statutes > Florida > TitleXXVI > Chapter339 > 339_0816339.0816 Transportation Governmental Bond Trust Fund.
(1) The Transportation Governmental Bond Trust Fund is created within the Department of Transportation. The purpose of the trust fund is for the deposit of funds received from the proceeds upon issuance of bonds.
(2) Net proceeds from bonds issued for eligible transportation projects shall be credited to the trust fund to provide for the payment of eligible project costs.
(3) In accordance with s. 19(f)(2), Art. III of the State Constitution, the Transportation Governmental Bond Trust Fund shall, unless terminated sooner, be terminated on July 1, 2014. Before its scheduled termination, the trust fund shall be reviewed as provided in s. 215.3206(1) and (2).
History. s. 1, ch. 2010-15.
