BRADENTON, Fla. — Bank of New York Mellon has begun distributing some payments to investors holding $131.2 million of defaulted bonds issued by Florida’s Santa Rosa Bay Bridge Authority.

Partial payments, based on the bond resolution and available toll revenues, are expected to be made periodically, according to a noticed by BNY Mellon posted on the Municipal Securities Rulemaking Board’s EMMA disclosure website earlier this month.

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