210.201 Cancer research facility at the University of South Florida; establishment; funding. - Florida Statutes

210.201 Cancer research facility at the University of South Florida; establishment; funding.

The Board of Directors of the H. Lee Moffitt Cancer Center and Research Institute shall construct, furnish, and equip, and shall covenant to complete, the cancer research facility at the University of South Florida adjacent to the H. Lee Moffitt Cancer Center and Research Institute. Moneys transferred to the Board of Directors of the H. Lee Moffitt Cancer Center and Research Institute pursuant to s. 210.20 shall be used to secure financing to pay costs related to constructing, furnishing, and equipping the cancer research facility. Such financing may include the issuance of tax-exempt bonds by a local authority, municipality, or county pursuant to parts II and III of chapter 159. Such bonds shall not constitute state bonds for purposes of s. 11, Art. VII of the State Constitution, but shall constitute bonds of a “local agency,” as defined in s. 159.27(4). The cigarette tax dollars pledged to this facility pursuant to s. 210.20 may be replaced annually by the Legislature from tobacco litigation settlement proceeds.

History. s. 2, ch. 98-286; s. 3, ch. 2002-393.