Finance Flashcards
ESSAY ----------- Typical Bond Q CORE ----------- 8 step essay approach.
Bonds Power Advantaged Perky Tatas to Impede a BvRA
- I.D. Powers - Art. 8(1)(g)+(f) + 8(2)(b)+(c). Art. 7(12).
- Advantages to Bonds - reciprocal immunity, low interest
- Public Purpose? - econ dev.. If not = dev’s burden.
- Types - creditworthiness v. project.
- Impediments - CCSTOP.
- Bond Validation - my PAL Validates me.
- Referendum.
- spec. Assmts.
8 step approach.
Assess my Peculiar Benes, w/ No Regard to Distinguish My NAUsea ----------- (1) A peculiar form of tax. Fisher. (2) Special Bene + Apportioned. (3) No regard to valuation. (4) Distinguished from AV, so no referendum. (5) Money Handling. (6) New limits. ----------- (7) Authority to issue? COUNTIES (a) Ch 153 - spec ass + bonds for water/ww (b) Ch 125 - pass ordinance (c) Home Rule [Chrt: not inconst/N-C: as provided] --- MUNIS (a) Ch 170 - city for water/ww (b) Home Rule - pass Ordinance. [govtl, corp, proprietary pwrs to conduct govt, perform functions + service, an exercise any pwr for municipal purposes except as otherwise provided by law.] ---------- (8) UMC - 197.3632 place on tax bill
3 step validation review.
1) AUTHORITY to issue
-a- 125.01
-b- 166.111 capital ‘or other’]
2) PURPOSE is legal
-a- public purp? econ dev - 125.045
-b- if buying/leasing cd argue need to bid but econ dev = exception, no collusion
-c- cd argue private benefit but incidental okay.
Once the stadium is deemed to be for a public purpose, the Court need not micromanage the terms of the lease.
3) Issuance COMPLIES w/ law.
-a- sales tax = revenue bond = no referendum
State 3 supports for City’s authority to issue bonds to finance capital improvements.
Hint:
(1) FL Const.
(2) Statutes.
(3) Reason.
1) Art 7, §12, FL Const - munis issue bonds to finance capital projects. Require referendum when pd w/ AV tax. No referendum if pd w/ sales tax.
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2) HR codified to issue bonds. See §§ 166.021, 166.111(1), 166.141, FS
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3) Public purp = econ development, incl issuance of bonds
ESSAY ----------- Sports Stadium bond issue. ----------- State 4 arguments to be made after validating a sports stadium bond issue.
1) Property shd have been competitively bid.
> no, econ dev = exception
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2) LG is essentially ‘gifting’ land to corp.
> no, pub purp prevails.
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3) LG is promising zoning
> shd be noted in lease no promises
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4) lending its credit.
> use tax money for pub purp, incidental private
State the support for step #5 - how issue?
What statutes permit LG to issue a spec assmt bond for w/ww?
5. How issue? COUNTIES (a) Ch 153 - spec ass + bonds for water/ww (b) Ch 125 - pass ordinance (c) HR [Chrt: not inconst/N-C: as provided] ----------- MUNIS (a) Ch 170 - city for water/ww (b) HR - pass Ordinance [except as ...] ---------- 197.3632 place on tax bill
State 3 reasons why LG cannot pledge ALL of its revenues.
1) Revenues from regulatory fees & user charges may not be diverted from their lawful purps = to defray costs in providing related services.
2) Cd become a promise to levy AV, which requires voter approval. To pledge all revenues requires increased AV tax = voter approval.
3) At very least, all revenues requires voter approval.
Why can’t leases of equipment permit repossession?
Because UCC does not apply.
What 3 things look for to determine if lease of equipment permissible.
ESSAY
1) Non-appropriation. Makes it a less than 1 yr K.
2) No repossession b/c UCC does not apply.
3) No mortgage/lien.
State 2 responses if lease includes non-substitution clause?
i.e., can’t lease similar equip for a period of time after ends.
ESSAY
1) Makes non-appropriation & non-usage of AV illusory. LG is faced w/ tapping into AV or going without.
2) Void as against public policy. Is public supposed to go without computer for 2 yrs?
State the 2 statutes w/ each 2 prohibitions, re: conflict of interest essay approach.
ESSAY ----------- A) 112.313(3) -1- POPE in official cap, no SPOC Materials, Inc. -2- POPE in priv cap, can't sell ----------- B) 112.313(7)(A) -1- No w/ doing bus w or regulated by -2- Continuing or recurring conflict.
State the 3 step Conflict of Interest essay approach.
ESSAY
- 2 statutes.
- Is there a facial conflict under one of the 2?
- Does any exception apply?
- a- Advisory bd mbr fill out form.
- b- Comp. bid.
- c- Sole source.
ESSAY
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ESSAY
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State the 4 LEO constitutional violations you’ll see.
ESSAY ----------- 1. 1983 + 4th Amend. Exc Force, Battery, Seizure, false arrest, seizure. > s&s, objectively reas, arrest/crash --- 2. 14th Amend. Subst dp. > shocks consc = arbitrary. --- 3. 1983. Neg superv, Delib Indiff. --- 4. 8th amend - cruel + unusual
State 6 LEO State claims vs. individual.
Indiv. – State claims.
- Battery Bat Intends Homerun for Person
- Assault. Ass Threatens CIA
- False Arrest. False Arrest for DUI
- Intent Inflict E.D. Intent Inflic ROC to Person
- Mal Prosec. I won on the Merits, now I’m MAD.
- Defamation. Don’t Care you Acted Falsely @ Pub = Dmg.