§ 12-27. General Obligation Bond Referendum Ballot Questions.

Subject to the requirements of Florida Statutes Sections 100.211 and 101.161 and unless expressly waived by a vote of two-thirds (2/3) of the Board members present, all resolutions calling a special election to place a bond referendum before the voters must include a statement disclosing the estimated annual operating and maintenance expenses of the project or projects for which the bond proceeds are sought as well as the proposed funding source for such expenses and must also include a statement within the ballot summary which informs voters that such general obligation bonds if approved will be "paid or secured by taxes derived from the assessed value of property in the County". The required inclusion of such language in the general obligation bond referendum ballot summary is directory only and the failure to include such language shall not be used as a basis to invalidate the bond referendum or the ballot summary in any litigation. Additionally, in accordance with Florida Statutes Section 100.31, no suit may be brought to test the validity of any bond referendum or the validity of any bond issued as a result of the bond referendum based on the provisions of this section unless such suit is instituted within 60 days after the declaration of the results of the referendum.

(Ord. No. 14-04, § 1, 1-22-14; Ord. No. 15-119, § 1, 10-6-15)