Supreme Court of Florida
& SC14-1618 Florida Bankers Association v. Florida Development Finance Corporation
October 15, 2015
Summary
The court dismissed the Florida Bankers Association's appeal because it had not appeared below and failed to establish a qualifying injury or stake sufficient for standing. The court affirmed validation of the PACE bonds, rejected Reynolds's due-process and ripeness challenges, and held that local governments—not the Florida Development Finance Corporation—must levy the assessments and that collection must use the statutory uniform method rather than judicial foreclosure. The court remanded for correction and governing-board approval of the bond documents.