1999 Florida Code
TITLE XI COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS
Chapter 159 Bond Financing  
PART VI PRIVATE ACTIVITY BONDS (ss. 159.801-159.816)
159.809   Recapture of unused amounts.

159.809  Recapture of unused amounts.--

(1)  On April 1 of each year, any portion of each initial allocation made pursuant to s. 159.804(4) for which a written confirmation has not been issued by the director or for which an issuance report for bonds utilizing such an allocation has not been received by the division prior to such date shall be added to the Florida First Business allocation pool.

(2)  On July 1 of each year, any portion of each initial allocation made pursuant to s. 159.804(2) or (3) for which a written confirmation has not been issued by the director or for which an issuance report for bonds utilizing such an allocation has not been received by the division prior to that date shall be added to the Florida First Business allocation pool. On and after July 2 of each year, any portion of such allocations for which a written confirmation has been issued and which confirmation expires or is relinquished by the agency receiving the allocation, shall be added to the state allocation pool.

(3)  On November 16 of each year, any portion of the initial allocation, made pursuant to s. 159.804(1), s. 159.804(5), or subsection (1) or subsection (2), other than as provided in s. 159.8083, for which an issuance report for bonds utilizing such an allocation has not been received by the division prior to that date shall be added to the state allocation pool.

History.--s. 1, ch. 85-282; s. 7, ch. 87-222; s. 8, ch. 92-127; s. 12, ch. 95-416; s. 6, ch. 96-210.