State v. State Board of Education

DREW, Chief Justice.

This appeal controverts a final decree of the Circuit Court for Leon County validating an issue of $75,000,000 Higher Education Bonds, Series A, by the appellee State Board of Education of Florida, pursuant to *163Section 19,1 Article XII, of the Florida Constitution. That amendment creates a trust fund from proceeds of the gross receipts tax levied under Chapter 203, Florida Statutes, F.S.A., and authorizes bond issues against this fund by the State Board of Education with limitation, among others, to the amount of seventy-five million dollars during the biennium 1963-65 “for…