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FLORIDA DEVELOPMENT FINANCE CORPORATION <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />JUNE 30, 2015 <br />Economic Factors <br />FDFC's primary business is the issuance of tax exempt revenue bonds, which are permissible under the U S <br />Internal Revenue Service's private activity regulations and Chapter 288, Part X, Florida Statutes Those <br />regulations, subject to a number of limitations and restrictions, allow small manufacturers and non-profit <br />corporations to finance capital assets with tax exempt bond proceeds <br />FDFC's revenues are generated by fees charged for issuance of bonds, and the volume of bond issuance is <br />directly impacted by general economic conditions. <br />Requests for Information <br />This financial report is designed to provide a general overview of FDFC's finances for all those with an interest <br />in FDFC's finances Questions concerning any of the information provided in this report or requests for <br />additional information should be addressed to <br />Bill Spivey <br />Executive Director <br />800 North Magnolia Avenue, Suite 1100 <br />Orlando Florida 32803 <br />6 <br />15 <br />