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Current as of January 01, 2019 | Updated by FindLaw Staff
Each state agency shall include in its standard contract document a requirement that any state funds provided for the purchase of or improvements to real property are contingent upon the contractor or political subdivision granting to the state a security interest in the property at least to the amount of state funds provided for at least 5 years from the date of purchase or the completion of the improvements or as further required by law.
Cite this article: FindLaw.com - Florida Statutes Title XIX. Public Business § 287.05805. Contract requirement for use of state funds to purchase or improve real property - last updated January 01, 2019 | https://codes.findlaw.com/fl/title-xix-public-business/fl-st-sect-287-05805/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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