BRADENTON, Fla. — Florida Gov. Charlie Crist and his cabinet today will be asked to approve higher interest rates than allowed by law, which six community development districts may need to pay in order to issue tax-exempt bonds to finance infrastructure improvements for the construction of new homes, condominiums, and commercial and industrial projects.

The higher rates could be needed to compensate investors due to volatile real estate and bond market conditions, according to bond counsel, underwriters, and a financial advisory firm hired by the state to review the interest rate exceptions.

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