1999 Florida Code
Chapter 159 Bond Financing  
159.704   Designation by Board of Regents; procedure.

159.704  Designation by Board of Regents; procedure.--

(1)  The authority shall prepare and submit to the Board of Regents a petition requesting that the authority be designated a research and development authority.

(2)  The petition shall contain, but not be limited to:

(a)  The resolution of the governing board of the county constituting the authority.

(b)  A concept of operation of the proposed research and development park consistent with s. 159.27(7) and the purposes of ss. 159.701-159.7095.

(c)  A statement of affiliation with one or more state-based, accredited, public or private institutions of higher learning with research and development capabilities.

(d)  Evidence of availability of a site suitable for the projected scope of operations.

(e)  Evidence of the economic feasibility of the proposed research and development park.

(f)  A plan for funding the development of the proposed research and development park, including a minimum financial commitment by the authority of $50,000 in liquid assets for development purposes.

(3)  Upon approval of the petition and designation as a research and development authority by the Board of Regents, the authority shall be empowered to transact any business and exercise any power authorized by ss. 159.701-159.7095 for the purposes set out in such sections.

History.--s. 4, ch. 79-101; s. 4, ch. 85-313; s. 5, ch. 88-409.

Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.