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Code · Florida · Title XI — County Organization and Intergovernmental Relations · Chapter 132

132.14 Exchange in lieu of sale.

51 words·~1 min read·/fl/title-xi/chapter-132/132-14

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As hereinbefore provided the refunding bonds instead of being sold may be exchanged for bonds or for interest on bonds or interest on overdue interest on bonds to refund which they are issued. The principal and accrued interest of the refunding bonds shall not exceed the amount of the obligations refunded.
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