Fla. Stat. § 130.23
This is the official text of Fla. Stat. § 130.23, part of Florida’s Stat — part of the compiled statutory law of Florida, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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130.23 Time warrants in newly created counties; payment of interest and creation of sinking fund.
Official statutory text
The board of county commissioners of each county issuing such interest-bearing time warrants may pay from the general revenue fund of such county each year the accrued interest on such interest-bearing time warrants to the holders thereof, and they shall set aside from the general revenue fund of such county such sum each year as a sinking fund, which together with accrued interest thereon will be sufficient to pay at least one-fifth of the amount due and required to pay off the said warrants at the end of the said 5-year period, thereby creating a sinking fund during the said period of 5 years sufficient to pay off the entire obligation at the end of the said 5-year period.
History: s. 4, ch. 8518, 1921; CGL 2353.
History: s. 4, ch. 8518, 1921; CGL 2353.
Status: in_force · Read it on the official government site
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