Grandfather clause

159.706

Grandfather clause.

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Each county designated as a research and development authority on June 30, 1979, or designated by the

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Board of Regents as a research and development authority prior to July 1, 2001, shall be entitled to continue to be designated and shall be accorded all powers conferred to designated authorities by ss. 159.701-159.7095, except that any authority not constituted and designated under the provisions of ss. 159.701-159.7095 shall be prohibited from exercising any power to issue revenue bonds or other debt obligations pursuant to s. 159.705(6) and (7).

History.

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s. 4, ch. 79-101; s. 19, ch. 2007-217.

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Note.

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Abolished by s. 3, ch. 2001-170.