29245614, 19A-1.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 29245614

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Division:

Division of Bond Finance

Chapter:

LOCAL MUNICIPAL BOND REPORTING PROCEDURES

Overview

RULE:

19A-1.001	Purpose
19A-1.002	Definitions
19A-1.003	Reporting Requirements - Outstanding General Obligation or Revenue Bonds
19A-1.0041	Notice of Sale
19A-1.0051	Disclosure - Competitive Sale
19A-1.006	Disclosure - Negotiated Sale
19A-1.007	Verification Procedures
19A-1.008	Failure to Comply

PURPOSE:

The proposed rulemaking will repeal Rules 19A-1.001 through 19A-1.008, which are outdated and no longer necessary. There will be no adverse effect on the public.

SUMMARY:

The proposed rulemaking will repeal the Division of Bond Finance’s rules for local municipal bond reporting procedures. The rules are being repealed because they are duplicative and are no longer necessary. The information required to be submitted to the Division of Bond Finance in the Bond Information Form, Bond Disclosure Form – Competitive Sale, and Bond Disclosure Form – Negotiated Sale, contained in Rules 19A-1.003, 1.0041, 1.0051, and 1.006 will be replaced by a new form that revises the reporting requirements and eliminates the reporting of information that is no longer needed; the new form will be adopted and incorporated by reference in Rule 19A-1.009, Local Government Bond Information Reporting, the proposed rulemaking for which is being considered concurrently.

RULEMAKING AUTHORITY:

218.37(2) FS

LAW:

218.37, 218.38 FS

PRINT PUBLISH DATE:

2/11/2025 Vol. 51/28

COMMENTS:

From 2/11/2025 To 3/4/2025 (21 Days)

REFERENCE MATERIALS:

No reference(s).

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