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01/09/2018
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01/09/2018
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Last modified
1/11/2021 12:11:23 PM
Creation date
1/29/2018 11:05:32 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
01/09/2018
Meeting Body
Board of County Commissioners
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FLORIDA DEVELOPMENT FINANCE CORPORATION <br />NOTES TO FINANCIAL STATEMENTS <br />YEAR ENDED JUNE 30, 2017 <br />Note 3 - Related Party Transactions <br />FDFC enters into bond financing transactions on behalf of borrowers with various financial institutions who have <br />been approved by FDFC's Board of Directors. Certain Board members are affiliated with these financial <br />institutions, which issue letters of credit that secure payment of the bonds. It is management's opinion that <br />these transactions have been conducted at arm's length. <br />13 <br />
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