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Article: Southeast Bond-Watch.(Southeast)
- Article from:
- The Bond Buyer
- Article date:
- December 4, 2008
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Shelly Sigo, Jim Watts, Lynne Funk
FLORIDA
Validation for $1B of Bonds
Leon County Circuit Judge William Gary on Monday validated $1 billion of tax-exempt bonds for the Florida Water Pollution Control Financing Corp.'s state revolving loan fund.
The corporation plans to sell as much as $475 million of the validated bonds early next year, but the debt may be sold in smaller tranches if market conditions warrant, said agency spokeswoman Dee Ann Miller. The bonds are expected to be sold after an appeal period of the validation expires on Jan. 1.
The state Division of Bond Finance and the corporation's financial adviser, ...