Florida Statutes 288.9610 – Annual reports of Florida Development Finance Corporation
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Terms Used In Florida Statutes 288.9610
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Department: means the Department of Commerce. See Florida Statutes 288.005
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
On or before 90 days after the close of the Florida Development Finance Corporation‘s fiscal year, the corporation shall submit to the Governor, the Legislature, the Auditor General, the Department of Commerce, and the governing body of each public entity for which the corporation issues revenue bonds pursuant to s. 288.9606 or with which it has entered into an interlocal agreement a complete and detailed report setting forth:
(1) The results of any audit conducted under s. 11.45.
(2) The activities, operations, and accomplishments of the Florida Development Finance Corporation, including the number of businesses assisted by the corporation.
(3) Its assets, liabilities, income, and operating expenses at the end of its most recent fiscal year, including a description of all of its outstanding revenue bonds.