 |
Florida Administrative Code (Last Updated: October 28, 2024) |
 |
19. State Board of Administration |
|
19A. Division of Bond Finance |
|
19A-1. Local Municipal Bond Reporting Procedures |
1As used in this chapter:
6(1) “Division” shall mean the Division of Bond Finance of the State Board of Administration.
21(2) “Fee, Bonus, or Gratuity” shall mean any Finder’s Fee, as defined herein, and any fees paid by the underwriter in connection with the issuance of General Obligation or Revenue Bonds, which include, but are not limited to, fees paid to underwriter’s counsel, accountants, and engineers, but not routine expenses incurred in connection with underwriting a new issue of General Obligation or Revenue Bonds.
85(3) “Finder’s Fee” shall mean any compensation or valuable consideration paid to a “finder,” as defined in Section 104218.386(1)(a), F.S., 106by an underwriter, commercial bank, investment banker, or financial consultant or advisor in connection with the sale of General Obligation or Revenue Bonds.
129(4) “General Obligation or Revenue Bonds” shall mean debt obligations issued by Units of Local Government which mature in more than one (1) year, including general obligation bonds, revenue bonds, special assessment bonds, limited revenue bonds, special obligation bonds, debentures, and other similar instruments, but not bond anticipation notes.
178(5) “Managing Underwriter” shall mean:
183(a) That underwriter responsible for directing the affairs of the syndicate in connection with the original purchase of General Obligation or Revenue Bonds for resale; or
209(b) The sole purchaser of General Obligation or Revenue Bonds for resale.
221(6) “Unit of Local Government” shall mean a county, municipality, special district, local agency, authority, consolidated city-county government, or any other local governmental body or public body corporate and politic authorized or created by general or special law and granted the power to issue General Obligation or Revenue Bonds as defined herein, except as otherwise provided.
277Rulemaking Authority 279218.37(2) FS. 281Law Implemented 283218.37, 284218.38 FS. 286History–New 8-10-80, Amended 3-3-83, Formerly 13K-1.02, 13K-1.002.
