§ 1-435. Creation of the research and development authority  


Latest version.
  • There is hereby created a public body corporate and politic to be known as the Florida Atlantic Research and Development Authority, hereafter referred to as "authority." The authority is constituted as a public instrumentality for the purposes of development, operation, management and financing of a research and development park, and the exercise by the authorities of the powers conferred by this article and by Chapter 159, pt. V, F.S. (§ 159.701, F.S. et seq.) or similar statutes, and as such statutes may from time to time be amended, and shall be deemed and held to be the performance of an essential public purpose and function.

(Ord. No. 85-60, § 3, 10-8-85)