Florida

BRADENTON, Fla. - South Miami is seeking a taxable bank loan to fund a settlement with the Internal Revenue Service over impermissible uses of tax-exempt bond and bank loan proceeds to build a parking garage.

WASHINGTON — The Village Center Community Development District in Florida is asking the Internal Revenue Service for legal advice on whether it is a political subdivision — an issue critical to the tax-exempt status of million of bonds it issued.

BRADENTON, Fla. — Less than 30 days remain before an expected payment default on the bonds issued by the Santa Rosa Bay Bridge Authority to build the tolled 3.5-mile-long Garcon Point Bridge in northern Florida.

BRADENTON, Fla. — Florida Gov. Rick Scott last week signed a $69.1 billion budget into law while vetoing a record $615 million for various projects, some of which would have been funded by bonds.

BRADENTON, Fla. — Jacksonville, Fla., this week sold the first in a series of three bond deals that could total as much as $435 million within a month, depending on market conditions.

Miami-Dade County voters will decide in a special election Tuesday who among 11 candidates will be the next mayor of Florida’s largest county.

BRADENTON, Fla. — The Florida Hurricane ­Catastrophe Fund could issue up to $12 billion of bonds if needed to pay claims during this year’s hurricane season, according to estimates prepared by senior ­managers.

BRADENTON, Fla. — Florida’s Citizens Property Insurance Corp. plans to sell up to $900 million of revenue bonds to provide liquidity for the upcoming hurricane season, which begins June 1.

WASHINGTON — The Bartram Park Community Development District in Jacksonville, Fla., has received an audit notice from the Internal Revenue Service for $28.7 million of special assessment municipal bonds issued in 2005.

BRADENTON, Fla. — The Florida Legislature is poised to approve a $68 billion budget for fiscal 2012 on Friday and end its 60-day regular annual session on time.

BRADENTON, Fla. — After nearly two decades of planning, a major runway extension project at Fort Lauderdale-Hollywood International Airport in South Florida is finally nearing takeoff.

The Internal Revenue Service is auditing the bonds of two issuers based in Florida — a health care provider and a community development district.

The Santa Rosa Bay Bridge Authority, which oversees the Garcon Point Bridge in north Florida, appears to be headed for default in July.

BRADENTON, Fla. — Florida is on the road to recovery, according to economists.

BRADENTON, Fla. — Government-owned hospitals in Florida will come under scrutiny by a panel appointed by Gov. Rick Scott to review whether they are in the best interest of taxpayers.

BRADENTON, Fla. — Florida lawmakers are moving forward to consolidate three toll-road authorities in a revised plan that now excludes the financially ailing Santa Rosa Bay Bridge Authority, which appears headed for a bond payment default this year.

WASHINGTON — The Internal Revenue Service is auditing $38.77 million of defaulted special assessment bonds that were sold in 2005 by the Aberdeen Community Development District in Florida to finance infrastructure for a residential community.

BRADENTON, Fla. — A Florida Senate transportation committee is entertaining a proposal to merge four expressway and bridge authorities with outstanding debt into Florida’s Turnpike Enterprise.

BRADENTON, Fla. — As Miami-Dade County prepares for a $361 million general obligation bond sale near the end of the month, Florida’s largest county is undergoing a top-down shake-up of government.

BRADENTON, Fla. — Four Florida cities that tried to take control of the planned high-speed rail project from Tampa to Orlando will be allowed to apply for the $2.4 billion of federal funds that Gov. Rick Scott has rejected for the plan, according to Rep. Corrine Brown, D-Fla.