Florida § 1011.12 Purposes of and procedures in incurring school indebtedness

Florida Statutes

§ 1011.12 — Purposes of and procedures in incurring school indebtedness

Florida § 1011.12

TitleXLVIII

Ch. 1011PLANNING AND BUDGETING

This text of Florida § 1011.12 (Purposes of and procedures in incurring school indebtedness) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 1011.12 (2026).

Text

Indebtedness for school purposes may be incurred only as follows:

(1)School districts may issue bonds creating a long-term indebtedness as prescribed by law.

(2)Notes may be issued for money borrowed in anticipation of the receipt of current school funds, included in the budget from the state, county, or districts, as authorized under s. 1011.13.

(3)Indebtedness may be incurred for certain purposes as authorized under s. 1011.14, s. 1011.15, or s. 1011.16.

(4)Bonds or revenue certificates issued on behalf of the district by the State Board of Education as authorized by s. 18, Art. XII of the State Constitution of 1885 as adopted by s. 9(d), Art. XII of the State Constitution, and the additional provisions of s. 9(d), Art. XII of the State Constitution.

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Indebtedness for school purposes may be incurred only as follows:

(1) School districts may issue bonds creating a long-term indebtedness as prescribed by law.

(2) Notes may be issued for money borrowed in anticipation of the receipt of current school funds, included in the budget from the state, county, or districts, as authorized under s. 1011.13.

(3) Indebtedness may be incurred for certain purposes as authorized under s. 1011.14, s. 1011.15, or s. 1011.16.

(4) Bonds or revenue certificates issued on behalf of the district by the State Board of Education as authorized by s. 18, Art. XII of the State Constitution of 1885 as adopted by s. 9(d), Art. XII of the State Constitution, and the additional provisions of s. 9(d), Art. XII of the State Constitution.