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May 7, 2015
Florida Bankers Association v. Florida Development Finance Corporation, etc. et al.
Case Number(s):
SC14-1603
SC14-1603
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Summary:
A trial court validated revenue bonds that the state’s Florida Development Finance
Corp. seeks to issue under a 2010 clean-energy initiative. Sale of the bonds would
generate funds for property owners to borrow to make improvements designed to
improve energy efficiency and storm protection. The Florida Bankers Association
appealed the bond validation, arguing that the statute creating this clean-energy loan
program is unconstitutional because it infringes upon the rights of earlier lenders. The
FDFC argues Florida Bankers Association does not have standing to appeal.
Leon County
Corp. seeks to issue under a 2010 clean-energy initiative. Sale of the bonds would
generate funds for property owners to borrow to make improvements designed to
improve energy efficiency and storm protection. The Florida Bankers Association
appealed the bond validation, arguing that the statute creating this clean-energy loan
program is unconstitutional because it infringes upon the rights of earlier lenders. The
FDFC argues Florida Bankers Association does not have standing to appeal.
Leon County