The governing authority of any unit in contracting for the sale of any bonds may provide for the creation and maintenance of the necessary sinking fund out of proceeds of sales of lands, and levy of taxes, and proceeds of mortgages.
Fla. Stat. § 132.25
Creation and maintenance of sinking fund
Known as the Advance Refunding Law
The act spans §§ 132–132 (46 sections).
History.--s. 25, ch. 15772, 1931; CGL 1936 Supp. 2383(25).
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.