Florida Development Finance Corporation

Traditional bonds - this program is provided through enabling legislation under fl. St. chapter 288, part x whereby the fdfc is authorized as a "conduit issuer" to issue bonds throughout the state in conjunction with an interlocal agreement with local governments where the project is located. Tax-exempt bonds are issued for eligible projects or borrowers that meet certain eligibility requirements under the irs tax code. Repayment of the bonds is the responsiblity of the borrower and not the fdfc, state, federal or local governments.

Pace bonds - this program is found under fl. St. 163.08. Under fl. St. 288.9606 (7)(c), the fdfc is authorized to issue pace bonds throughout the state. These bonds are issued to pay for the purchase and installation of eligible improvements to property for the purpose of energy efficiency, energy conservation and wind hardening. Repayment of the bonds is through a voluntary special assessment requested by the property owner and placed on the annual tax roll.