Florida Regulations 60H-1.025: Disclosure Statements
Current as of: 2024 | Check for updates
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(1) Pursuant to Sections 255.249(4)(h) and 255.249(4)(j), F.S., no Lease Action shall be approved unless the Agency has submitted Form Number 4114 “”Disclosure Statement”” effective May 2010 incorporated by reference in this rule, completed in full compliance with the law.
(2) Each subsequent Lease Action for which a Disclosure Statement has been required may be accompanied by a lessor’s affidavit, Form Number 4114A “”Disclosure Update”” effective May 2010 incorporated by reference in this rule, that the previous Disclosure Statement submitted on (date to be provided) is still valid, if no change in the interest held or individuals concerned has occurred.
(3) It is not necessary to make disclosure under subsections (1) and (2), of any beneficial interest which is represented by stock in any corporation registered with the Securities and Exchange Commission or registered pursuant to Florida Statutes Chapter 517, which stock is for sale to the general public. A statement certifying the registration shall be provided the Department.
(4) It is not necessary to make disclosure under subsections (1) and (2), of any leasehold interest in property located outside the territorial boundaries of the United States.
Rulemaking Authority Florida Statutes § 255.249(9). Law Implemented 255.249(9)(h) FS. History-New 4-5-76, Amended 4-25-79, Formerly 13D-7.15, 13M-1.025, Amended 4-29-10.
Terms Used In Florida Regulations 60H-1.025
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(3) It is not necessary to make disclosure under subsections (1) and (2), of any beneficial interest which is represented by stock in any corporation registered with the Securities and Exchange Commission or registered pursuant to Florida Statutes Chapter 517, which stock is for sale to the general public. A statement certifying the registration shall be provided the Department.
(4) It is not necessary to make disclosure under subsections (1) and (2), of any leasehold interest in property located outside the territorial boundaries of the United States.
Rulemaking Authority Florida Statutes § 255.249(9). Law Implemented 255.249(9)(h) FS. History-New 4-5-76, Amended 4-25-79, Formerly 13D-7.15, 13M-1.025, Amended 4-29-10.