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The Reedy Creek Improvement Act, otherwise known as House Bill No. 486, [1] was a law introduced and passed in the U.S. state of Florida in 1967 establishing the area surrounding the Walt Disney World Resort (the Reedy Creek Improvement District) as its own county governmental authority, which granted it the same authority and responsibilities as a county government.
All meetings and records must comply with the Florida Sunshine Law, and an annual audit is also required. [2] As of 2012, Florida had over 600 CDDs with municipal bonds totalling $6.5 billion. Nearly three-quarters of them were established during the housing boom years between 2003 and 2008.
Construction law builds upon general legal principles and methodologies and incorporates the regulatory framework (including security of payment, planning, environmental and building regulations); contract methodologies and selection (including traditional and alternative forms of contracting); subcontract issues; causes of action, and liability, arising in contract, negligence and on other ...
In the realm of real property, it is called by various names, including, generically, construction lien. The term "lien" comes from a French root, with a meaning similar to link, which is itself ultimately descended from the Latin ligamen, meaning "bond" and ligare, meaning "to bind". Mechanic's liens on property in the United States date from ...
Rating Action: Moody's assigns Aaa to Florida Housing Finance Corporation Multifamily Tax-Exempt Mortgage-backed Bonds (M-TEMS) (The Canopy at West River Towers 1 & 2), 2022 Series A-1Global ...
Construction in East Village, San Diego. A "Little Miller Act" is a U.S. state statute, based upon the federal Miller Act, that requires prime contractors on state construction projects to post bonds guaranteeing the performance of their contractual duties and/or the payment of their subcontractors and material suppliers.
A new year also means new laws in Florida. The Florida Legislature passed the laws earlier this year and they take effect Jan. 1, 2024: SB 784 gives local law enforcement agencies the ability to ...
Moody's Investors Service has assigned an A1 rating to the State of Florida's $121.25 million Federal Highway Reimbursement Revenue Bonds, Series 2021A (Indirect GARVEEs). The A1 rating on Florida ...
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