Article VII, Section 12 of the Florida Constitution

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Article VII, Section 12 of the Florida Constitution is the provision that governs how local governments in Florida may issue bonds and incur long-term debt, including voter approval and repayment requirements.

All labels observed (1)

How this entity was disambiguated

Statements (43)

Predicate Object
instanceOf constitutional provision ⓘ
allows issuance of revenue bonds without voter approval when payable solely from non-ad valorem revenues, subject to other law ⓘ
appliesTo counties in Florida ⓘ
general obligation bonds of local governments in Florida ⓘ
municipalities in Florida ⓘ
refunding bonds of local governments in Florida, subject to its terms ⓘ
school districts in Florida ⓘ
special districts in Florida ⓘ
bindingOn all political subdivisions of the State of Florida to which it applies ⓘ
category state constitutional finance provision ⓘ
citedAs Fla. Const. art. VII, § 12 ⓘ
concerns long-term obligations of local governments rather than short-term financing instruments ⓘ
distinguishesBetween bonds payable from ad valorem taxes and bonds payable from other revenue sources ⓘ
effectiveIn Florida ⓘ
enforcedThrough bond validation proceedings in Florida courts ⓘ
frameworkFor local government debt policy in Florida ⓘ
governs incurrence of long-term debt by local governments in Florida ⓘ
issuance of bonds by local governments in Florida ⓘ
use of ad valorem tax millage for payment of principal and interest on certain bonds ⓘ
hasPurpose to protect taxpayers from unapproved long-term indebtedness secured by property taxes ⓘ
to regulate how local governments in Florida may issue bonds and incur long-term debt ⓘ
higherNormThan conflicting local charter provisions on bond issuance ⓘ
conflicting local ordinances on bond issuance ⓘ
imposes limitations on issuance of bonds payable from ad valorem taxation ⓘ
interpretedBy Florida courts ⓘ
jurisdiction State of Florida ⓘ
linked to: Florida
languageType legal text ⓘ
legalEffect limits local government authority to pledge ad valorem tax revenues for debt without required voter approval ⓘ
sets constitutional conditions precedent to issuance of certain local government bonds ⓘ
locatedIn Article VII of the Florida Constitution ⓘ
Finance and Taxation article of the Florida Constitution ⓘ
partOf Constitution of the State of Florida ⓘ
relatedTo Article VII, Section 10 of the Florida Constitution ⓘ
Article VII, Section 11 of the Florida Constitution ⓘ
relatesTo ad valorem taxation for debt service ⓘ
local government fiscal responsibility ⓘ
requires approval by a majority of the electors who are qualified freeholders residing in the affected area for certain bonds ⓘ
that any required referendum on bonds be held in the jurisdiction issuing the bonds ⓘ
that bonds be payable from ad valorem taxes on real property when issued as general obligation bonds under the section ⓘ
that bonds payable from ad valorem taxation be approved by electors when required by the section ⓘ
voter approval for certain local government general obligation bonds ⓘ
subjectMatter local government bonds ⓘ
local government long-term debt ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Article VII of the Florida Constitution → hasSection → Article VII, Section 12 of the Florida Constitution ⓘ
subject linked to: Article VII
Article VII, Section 11 of the Florida Constitution → relatedTo → Article VII, Section 12 of the Florida Constitution ⓘ