The 2023 Florida Statutes (including Special Session C)

Title XVI
TEACHERS' RETIREMENT SYSTEM; HIGHER EDUCATIONAL FACILITIES BONDS

Chapter 243
HIGHER EDUCATIONAL FACILITIES BONDS

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F.S. 243.70

243.70 Tax exemption.—The exercise of the powers granted by ss. 243.50-243.77 is in all respects for the benefit of the people of this state. Because the operation and maintenance of a project by the authority or a participating institution constitutes the performance of an essential public function, neither the authority nor a participating institution is required to pay any taxes or assessments upon or in respect of a project or any property acquired or used by the authority or a participating institution under ss. 243.50-243.77 or upon the income therefrom, and any bonds issued under ss. 243.50-243.77, any security therefor, their transfer, and the income therefrom, including any profit made on the sale thereof, and all notes, mortgages, security agreements, letters of credit, or other instruments that arise out of or are given to secure the repayment of bonds issued in connection with a project financed under ss. 243.50-243.77, shall at all times be free from taxation by the state or any local unit, political subdivision, or other instrumentality of the state. The exemption granted by this section is not applicable to any tax imposed by chapter 220 on interest, income, or profits or on debt obligations owned by corporations.

History.—s. 21, ch. 2001-79.

F.S. 243.70 on Google Scholar

F.S. 243.70 on Casetext

Amendments to 243.70

Arrestable Offenses / Crimes under Fla. Stat. 243.70

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 243.70.

Annotations, Discussions, Cases:

Cases from cite.case.law:

COOPER REALTY CO. d b a v. UNITED STATES,, 36 Fed. Cl. 284 (Fed. Cl. 1996)

. . . September 14, 1995, plaintiff filed suit in the United States Court of Federal Claims seeking $1,132,-243.70 . . .

In WHITE MOTOR CREDIT CORPORATION, Co., 50 B.R. 885 (Bankr. N.D. Ohio 1985)

. . . This firm seeks a total fee of $2,936,-243.70 consisting of $2,557,604.51 in the WMC case, $270,893.36 . . .