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Authority cites Florida statute limiting donation uses to nonprofit human health service agencies
Summary
Staff cited Florida statute 154.209 subsection 14 to explain that surplus bond proceeds may be used only for nonprofit human health service agencies, and that the City Commission has final allocation authority.
A staff member told the Health Facilities Authority that Florida law limits how surplus conduit-bond proceeds may be used and specifically cited "154.209 subsection 14." The staff explanation framed the Authority as a conduit-issuance entity that exists while conduit debt remains outstanding and that it must file an annual report.
The staff reiterated the statutory constraint on recipients: the funds must be used by the city for "nonprofit human health service agencies." The board was told it can approve a resolution recommending donation of surplus funds to the city for those purposes, but the City Commission has the ultimate authority to allocate the money.
