Title 12174 · Code of Ordinances

Sec. 104.209. - Physical form of bonds.

Citation: Jacksonville, FL Code of Ordinances § 104.209.

Section: 104.209.

The Director of Finance and Administration shall specify the physical form of bonds issued after June 30, 1983 in order to comply with the requirements of Section 104.207 and to expedite transfers of registration under and in compliance with the regulations issued by the Secretary of the Treasury relative to municipal bonds issued after June 30, 1983. (Ord. 83-591-400, § 1; Ord. 2016-140-E , § 16) Editor's note— The Tax Equity and Fiscal Responsibility Act of 1982 [P.L. 97-248] requires all bonds issued by a municipality after June 30, 1983 to be issued in registered form (with certain exceptions) in order to be tax-exempt under the Internal Revenue Code. Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization.