Organizations Filed Purposes:
TO PROVIDE SMALL, CREDITWORTHY MANUFACTURERS AND 501(C)(3) NOT-FOR-PROFIT CORPORATIONS TAXABLE AND TAX-EXEMPT BOND FINANCING TERMS CONSISTENT WITH THOSE AVAILABLE TO LARGE CORPORATIONS.
FLORIDA DEVELOPMENT FINANCE CORPORATION ("FDFC") ACCOMPLISHES ITS MISSION OF PROVIDING TAXABLE AND TAX-EXEMPT BOND FINANCING TERMS CONSISTENT WITH THOSE AVAILABLE TO LARGE CORPORATIONS TO SMALL, CREDITWORTHY MANUFACTURERS AND 501(C)(3) NOT-FOR-PROFIT CORPORATIONS BY ACTING AS A CONDUIT ISSUER OF INDUSTRIAL REVENUE BONDS. THE PROGRAM IS DESIGNED TO IMPROVE THE AVAILABILITY OF LOW COST FINANCING FOR FLORIDA'S MANUFACTURERS AND NON-PROFIT COMPANIES THAT QUALIFY FOR TAX EXEMPT FINANCE UNDER IRS RULES, ALLOWING THESE COMPANIES TO BE MORE COMPETITIVE IN THE GLOBAL AND DOMESTIC MARKET PLACE. TRANSACTIONS THAT DO NOT MEET IRS QUALIFYING RULES FOR TAX EXEMPT FINANCE CAN BE FINANCED WITH TAXABLE BONDS THROUGH FDFC. FDFC HAS UTILIZED ENTERPRISE BONDS FOR MANY DIFFERENT TYPES OF PROJECTS, INCLUDING BUT NOT LIMITED TO, CHARTER SCHOOLS, AIRPORT FACILITIES AND HOMES FOR THE AGED.
TRADITIONAL BONDS - THIS PROGRAM IS PROVIDED THROUGH ENABLING LEGISLATION UNDER FL. ST. CHAPTER 288, PART X WHEREBY THE FDFC IS AUTHORIZED AS A "CONDUIT ISSUER" TO ISSUE BONDS THROUGHOUT THE STATE IN CONJUNCTION WITH AN INTERLOCAL AGREEMENT WITH LOCAL GOVERNMENTS WHERE THE PROJECT IS LOCATED. TAX-EXEMPT BONDS ARE ISSUED FOR ELIGIBLE PROJECTS OR BORROWERS THAT MEET CERTAIN ELIGIBILITY REQUIREMENTS UNDER THE IRS TAX CODE. REPAYMENT OF THE BONDS IS THE RESPONSIBLITY OF THE BORROWER AND NOT THE FDFC, STATE, FEDERAL OR LOCAL GOVERNMENTS.
PACE BONDS - THIS PROGRAM IS FOUND UNDER FL. ST. 168.08. UNDER FL. ST. 288.9606 (7)(C), THE FDFC IS AUTHORIZED TO ISSUE PACE BONDS THROUGHOUT THE STATE. THESE BONDS ARE ISSUED TO PAY FOR THE PURCHASE AND INSTALLATION OF ELIGIBLE IMPROVEMENTS TO PROPERTY FOR THE PURPOSE OF ENERGY EFFICIENCY, ENERGY CONSERVATION AND WIND HARDENING. REPAYMENT OF THE BONDS IS THROUGH A VOLUNTARY SPECIAL ASSESSMENT REQUESTED BY THE PROPERTY OWNER AND PLACED ON THE ANNUAL TAX ROLL.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Bill Spivey | EXECUTIVE DIRECTOR/SECRETARY | 40 | $146,462 |
| Ryan Bartkus | PACE DIRECTOR/ASSISTANT SECRETARY | 40 | $104,827 |
| Rebecca Reynolds | DIRECTOR | 1 | $0 |
| Ayanna Louis-Charles | DIRECTOR | 1 | $0 |
| Paul Tanner | VICE CHAIR | 1 | $0 |
| J Nelson Bradshaw | CHAIR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202003189349310560_public.xml