More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Learn about Florida Facilities Bond Programs, including Featured News and The Team.
This is the official investor website for the State of Florida Department of Management Services Florida Facilities Pool Revenue Bond and Certificates of Participation programs issued by the Florida Division of Bond Finance on behalf of the Department of Management Services.
The bonds are issued for the purpose of financing office buildings and similar facilities, to be leased to State agencies. All facilities built with bond proceeds become part of the Florida Facilities Pool along with certain other State-owned facilities. The bonds are payable primarily from the pool pledged revenues, which consist of rental revenues derived from facilities in the Florida Facilities Pool. The availability of pool pledged revenues is dependent on annual legislative appropriations to agencies of the State for payment of such rentals. The bonds are not a general obligation or indebtedness of the State of Florida, and the full faith and credit of the State of Florida is not pledged to the payment of the bonds.
The certificates are issued for the purpose of financing correctional facilities to be leased to the Department of Management Services (the "Department"). The certificates evidence a fractional undivided interest in certain Basic Rent Payments to be made by the Department pursuant to a Master Lease Agreement with the Florida Correctional Finance Corporation (the "Corporation"), as Lessor. The certificates are secured by and payable from legally available revenues of the Department annually appropriated by the legislature for such purpose. The availability of basic rent payments is dependent on annual legislative appropriations by the Department. The certificates are not a general obligation or pledge of full faith and credit of the Department, the Corporation or the State of Florida, or any political subdivision, agency or instrumentality thereof.
Florida Fiscal Year 2019-20 Budget
The 2019 legislative session ended May 4, 2019, with the State Legislature adopting the General Appropriations Act for Fiscal Year 2019-20. The Governor signed the General Appropriations Act on June 21, 2019. After the Governor’s $131.3 million in line-item vetoes, the 2019-20 Budget totals $90.98 billion, which is $1.7 billion (1.9%) more than the Fiscal Year 2018-19 Budget of $89.3 billion. The General Fund budget totals approximately $33.93 billion and will be funded primarily from general revenue collections and $336.5 million in trust fund transfers.
Dated June 24, 2019.