BRADENTON, Fla. — The Florida Supreme Court has handed down a ruling that reaffirms the use of certificates of participation in the state, according to attorneys.

In a 48-page ruling last week, justices validated the South Florida Water Management District’s request to issue up to $650 million of COPs to finance the purchase of U.S. Sugar Corp.-owned land to support restoration projects for the environmentally sensitive Florida Everglades.

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