§ 2-152. Findings and declaration of necessity.

The board of county commissioners finds and declares that:

(1)

Within this county there is a shortage of housing available at prices or rentals which many persons and families can afford and a shortage of capital for investment in such housing. This shortage constitutes a threat to the health, safety, morals and welfare of the residents of the county, deprives the county of an adequate tax base, and causes the county to make excessive expenditures for crime prevention and control, public health, welfare and safety, fire and accident protection and other public services and facilities.

(2)

Such shortage cannot be relieved except through the encouragement of investment by private enterprises and the stimulation of construction and rehabilitation of housing through the use of public financing.

(3)

The financing, acquisition, construction, reconstruction and rehabilitation of housing and of the real and personal property and other facilities necessary, incidental and appurtenant thereto are exclusively public uses and purposes for which public money may be spent, advanced, loaned or granted and are governmental functions of public concern.

(4)

The Congress of the United States has, by the enactment of amendments to the Internal Revenue Code of 1954, found and determined that housing may be financed by means of obligations issued by any state or local governmental unit, the interest on which obligations is exempt from federal income taxation, and has thereby provided a method to aid state and local governmental units to provide assistance to meet the need for housing.

(5)

The state legislature has, by enactment of F.S. ch. 159, art. IV [F.S. § 159.601 et seq.], found and determined that local housing finance authorities are the proper means by which counties may avail themselves of the above amendments to the Internal Revenue Code and thereby assist in meeting local need for housing.

(6)

The provisions of this division are found and declared to be necessary and in the public interest.

(Code 1965, § 22B-2; Ord. No. 78-18, § 2, 10-31-78)

State law reference

Similar provisions, F.S. § 159.602.