State v. Housing Finance Authority of Polk County

ADKINS, Justice.

This is a direct appeal from the final judgment of the circuit court in Polk County, Florida, validating certain revenue bonds. Art. V, § 3(b)(2), Fla.Const.; § 75.-08, Fla.Stat. (1977).

The revenue bonds were authorized under the provisions of chapter 78-89, Laws of Florida; section 159.601, Florida Statutes (1978) et seq., known as the “Florida Housing Finance Authority Law”, (hereinafter referred to as the Florida Housing Law).

When this law was enacted, the legislature made a finding that there was a shortage of housing and capital for investment in housing in this state;…