FDFC Help Center

The FDFC was formed by the Florida Development Finance Corporation Act of 1993 and is designated as a state-wide, special development financing authority for economic development purposes. Its purpose is to assist new and existing businesses and organizations (for-profit and not-for-profit) with access to capital through financings that promote business activity, job creation, and an improved standard of living for the citizens of Florida. FDFC has been given authority in Chapter 288, Part X of the Florida Statutes to act as a state-wide conduit issuer for bond financing. Borrowers do not have direct access to the capital markets for bond financing, therefore, FDFC serves as a borrower for the borrower. This means that the responsibility for the repayment of debt falls solely on the borrower.

No, FDFC does not issue government bonds. FDFC is an issuer of Private Activity Bonds and Taxable Bonds.

Documentary Stamp Tax or also known as "doc stamp" is levied on documents as provided under Chapter 201, Florida Statutes. A documentary stamp tax is due on the original issuance of bonds in Florida. To see the current doc stamp rate, click here. For additional information on Document Stamp Tax, click here. FDFC was created under Chapter 288 in the Florida Statutes. Exemption when it does apply is Section 288.9606(2), F.S. which states in part: Bonds issued under this act are declared to be for an essential public and governmental purpose. Bonds issued under this act, together with interest thereon and income therefrom, are exempted from all taxes, except those taxes imposed by chapter 220, on interest, income, or profits on debt obligations owned by corporations. Many of the FDFC financings are issued pursuant to Chapter 159, F.S. In those cases, an exemption can also be found in Section 159.31, F.S. which states in part: The local agency shall not be required to pay any taxes on any project or any other property owned by the local agency under the provisions of this part or upon the income therefrom. The bonds issued under the provisions of this part, their transfer, and the income therefrom (including any profit made on the sale thereof), and all notes, mortgages, security agreements, letters of credit, or other instruments which arise out of or are given to secure the repayment of bonds issued in connection with a project financed under this part, shall at all times be free from taxation by the state or any local unit, political subdivision, or other instrumentality of the state. There are some bond issuances where doc stamps are not exempt from payment.

The acronym PACE stands for "Property Assessed Clean Energy"

The Florida Statute authorizing the PACE program is 163.08.

Information for residential property owners can be found on our website www.paymypace.com.

A tax bill that has the words Florida Resiliency or Florida Resiliency and Energy District on a Non-Ad Valorem assessment section of the property tax bill means there is a PACE Assessment on the property.

All information and instructions for residential assessment payoff or paydown requests can be found at: www.paymypace.com

PACE Customer Inquiries regarding projects within the boundaries of Pinellas County The Florida Resiliency and Energy District “FRED” along with its FRED PACE Program Administrators are not administered by Pinellas County. Any concerns or questions about the FDFC Commercial PACE Program Financing, or the Florida Resiliency and Energy District should be submitted by contacting: Florida Resiliency and Energy District 407-712-6352 info@fdfcbonbds.com Process 1. Open an Inquiry by either calling 407-712-6352 or sending an email to info@fdfcbonfds.com. 2. A representative from the Florida Development Finance Corporation will respond in a reasonably and timely manner to gather as much information as possible. 3. After contact has been made, the Florida Development Finance Corporation will work to manage the inquiry with its designated FRED PACE Program Administrator. 4. Once research has been completed and updates are prepared the customer submitting the inquiry will be contacted for follow up.

PACE Customer Inquiries regarding projects within the boundaries of Sarasota County The Florida Resiliency and Energy District “FRED” along with its FRED PACE Program Administrators are not administered by Sarasota County. Any concerns or questions about the FDFC Commercial PACE Program Financing, or the Florida Resiliency and Energy District should be submitted by contacting: Florida Resiliency and Energy District 407-712-6352 info@fdfcbonbds.com Process 1. Open an Inquiry by either calling 407-712-6352 or sending an email to info@fdfcbonfds.com. 2. A representative from the Florida Development Finance Corporation will respond in a reasonably and timely manner to gather as much information as possible. 3. After contact has been made, the Florida Development Finance Corporation will work to manage the inquiry with its designated FRED PACE Program Administrator. 4. Once research has been completed and updates are prepared the customer submitting the inquiry will be contacted for follow up.