Kelton v. Division of Bond Finance of the Department of General Services
This text of 261 So. 2d 813 (Kelton v. Division of Bond Finance of the Department of General Services) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
This cause is before us on direct appeal to review the decision of the Circuit Court, Leon County, validating Hillsborough County Expressway bonds in the amount of $54,000,000.00.
On appeal to this Court it is contended that even though the Department of Bond Finance has met the notice requirements of Florida Statutes § 75.061 the Department must still comply with the requirements of Florida Statutes § 348.542 regarding notice. In support of this contention, it is urged that the Department of Bond Finance is acting as an agent on behalf of the Tampa-Hillsborough County Expressway Authority and is, therefore, bound to comply with the same notice requirements as would the Expressway Authority.
The Constitution of the State of Florida, as revised in 1968, Article XII, Section 9(c) (5), authorizes the Division of Bond Finance to issue bonds pledging the general credit of the State of Florida. We agree with appellee that it was never intended that Florida Statutes Chapter 348 F.S.A. would apply to the issuance of state bonds pledging the full faith and credit of the State such as those in the instant case. The admitted compliance by the Division of Bond Finance with the notice requirements of Florida Statutes § 75.06, F.S.A. is sufficient.
Accordingly, the judgment of the lower court validating the bonds in question is affirmed.
It is so ordered.
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Cite This Page — Counsel Stack
261 So. 2d 813, 1972 Fla. LEXIS 3817, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kelton-v-division-of-bond-finance-of-the-department-of-general-services-fla-1972.