The Corporation shall require that the bonds issued under a bond program be guaranteed, collateralized, insured or otherwise secured to the extent necessary to protect the Corporation and bondholders.
Rulemaking Authority Florida Statutes § 420.507(12). Law Implemented 420.503, 420.508 FS. History-New 4-15-87, Formerly 9I-25.004.

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Terms Used In Florida Regulations 67-25.004

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.