Tax Equity and Fiscal Responsibility Act (TEFRA) Approval

The Division of Bond Finance has been designated as the authority to sign TEFRA approvals on behalf of Governor DeSantis. As the designated authority, the Division will require proof of hearing publication, minutes or a summary report of the TEFRA hearing and the submission of a substantially complete preliminary offering statement, or a summary of the terms of the transaction, to include:

  1. The purpose of the bonds
  2. The financing team
  3. Security for the bonds
  4. Structure of the bonds
  5. Credit ratings
  6. Minimum denominations and limitations on investors
  7. Historical Performance or feasibility projections
  8. Estimated sources and uses of funds

Approvals will not be considered until all required materials are received. The Division aims to process each approval within 30 days. Please send requests and required information to with "TEFRA" in the subject line. TEFRA approvals will be delivered via email unless a paper copy is requested.

Florida Division of Bond Finance | 1801 Hermitage Centre, Suite 200 | Tallahassee, Florida 32308
Telephone: (850) 488-4782 | E-mail: