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Terms Used In Florida Statutes 243.64

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sections 243.50243.77 constitute full authority for the issuance of bonds and the exercise of the powers of the authority provided in ss. 243.50243.77. Any bonds issued by the authority are not secured by the full faith and credit of the state and do not constitute an obligation, either general or special, of the state.