Sec. 240-36. - Created; boundaries.

For the purpose of performing such acts as shall be necessary for the sound planning for, and development of Pasco County, its industry, commerce and business a special district is hereby created and incorporated, to be known as the Pasco County industrial development authority in Pasco County, which said district shall be a public body politic and corporate. The boundaries of said special district shall be the boundaries of Pasco County.

(Laws of Fla. ch. 82-362, § 1)

Sec. 240-37. - Composition; appointments.

The authority shall be composed of 11 members, each of whom shall be a resident of Pasco County. Each of the Pasco County commissioners shall appoint two members residing within the respective commissioners' district. A minimum of one of each of the commissioners' appointments shall be made from a list of nominees provided by a nominating committee. The nominating committee shall be composed of representatives of the committees of 100, with each committee appointing three members thereto. None of the authority members is to be an elected public official except for the chairperson of the Pasco County board of county commissioners. The 11th member shall be the chairperson of the Pasco County board of county commissioners or the chairperson's designee.

(Laws of Fla. ch. 82-362, § 2)

Sec. 240-38. - Chairperson, vice-chairperson and executive director.

The authority shall appoint its chairperson, a vice-chairperson, a secretary, and an executive director who shall serve for such terms as may be designated by the authority.

(Laws of Fla. ch. 82-362, § 3)

Sec. 240-39. - Quorum, transaction of business.

Any six members of the authority shall constitute a quorum for the transaction of the business of the authority.

(Laws of Fla. ch. 82-362, § 4)

Sec. 240-40. - Meetings; rules of procedure.

As soon as practicable after this act [article] shall take effect, the said authority shall meet and arrange a time for holding meetings of the authority, and for such other meetings as shall be necessary, and it may adopt such rules of organization and procedure as it may deem necessary, and determine the duties of its members.

(Laws of Fla. ch. 82-362, § 5)

Sec. 240-41. - Duties.

It shall be the duty of such authority to make a study of the advantages, facilities, resources, products, attractions, attributes, conditions and all other data concerning Pasco County with relation to the encouragement of industry to locate in said county, to use such means and media as said authority deems advisable, to publicize and to make known such data and material to such persons, firms and corporations, agencies and institutions which, in the discretion of said authority, would reasonably result in encouraging industry to locate in Pasco County; to cooperate with any and all other governmental agencies in accomplishing this purpose and to do all other things it deems advisable in its effort to locate a greater amount of industry in Pasco County. The encouragement of industry to locate in Pasco County is hereby declared to be a valid district, county and public purpose.

(Laws of Fla. ch. 82-362, § 6)

Sec. 240-42. - Lease of municipal or county property for industrial purposes.

The county commissioners of Pasco County or the governing body of any municipality in Pasco County is hereby granted the power to lease or sell for the purposes of this act [article], any municipal or county-owned property which, in the reasonable discretion of the governing body is not needed for municipal or county purposes.

(Laws of Fla. ch. 82-362, § 7)

Sec. 240-43. - Powers.

The Pasco County industrial development authority shall have the following powers:

(1)

To have a seal and alter the same at pleasure and to sue and be sued.

(2)

To acquire, hold and dispose of personal and real property for its corporate purposes.

(3)

To make contracts and to execute all instruments necessary or convenient for the purposes of this act [article].

(4)

To borrow money for any of its corporate purposes and to execute notes, mortgages, deeds to secure debt, trust deeds and such other instruments as may be necessary or convenient to evidence and secure such borrowing.

(Laws of Fla. ch. 82-362, § 8)

Sec. 240-44. - Issuance of industrial development revenue bonds or debt obligations.

For the purpose of financing and refinancing of capital projects for industrial and manufacturing plants including water, sewage, pollution and waste control facilities and all appurtenant facilities for the complete operation thereof the authority shall have the power to issue industrial development revenue bonds or debt obligations payable solely from revenue derived from the sale, operation or leasing of such projects. Such industrial development revenue bonds or debt obligations may be authorized, issued and sold in the manner provided by general law for the issuance of industrial development revenue bonds by municipalities, counties, special districts or other local governmental bodies.

(Laws of Fla. ch. 82-362, § 9)

Sec. 240-45. - Financing.

The authority shall be endowed with and authorized to exercise all the powers in connection with the authorization, issuance and sale of industrial development revenue bonds to finance the cost of capital projects conferred on counties, municipalities, special districts and other local governmental bodies by the Florida Industrial Development Financing Act and all of the privileges, benefits, powers and terms including definitions of such act shall be fully applicable to the authority.

(Laws of Fla. ch. 82-362, § 10)

Sec. 240-46. - Tax levy.

The Pasco County industrial development authority is hereby authorized to levy an ad valorem tax of 1/20 of one mill upon real property located within the authority to carry out the purposes of the authority.

(Laws of Fla. ch. 82-362, § 11)

Editor's note—

Laws of Fla. ch. 82-362, § 11 provides that the above section is not effective unless approved at a referendum to be held in conjunction with the first primary election of 1982.

Sec. 240-47. - Additional powers.

The powers conferred by this act [article] shall be in addition and supplementary to existing powers and statutes, and this act [article] shall not be construed as repealing any of the provisions of any other law, general or local, except as herein provided, but to provide an alternative for the exercise of the powers granted by this act [article].

(Laws of Fla. ch. 82-362, § 12)