Florida Statutes § 1011.12 — Purposes of and procedures in incurring school indebtedness.
Search Florida StatutesFrom the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.
Part I — PREPARATION, ADOPTION, AND IMPLEMENTATION OF BUDGETS
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.
History
History.—s. 615, ch. 2002-387.
Source captured on 2026-10-10. Read the official chapter.