BRADENTON, Fla. — A Florida judge has validated $2 billion of municipal bonds to fund Property Assessed Clean Energy initiatives statewide.

The Florida PACE Funding Agency sought the validation, which recognizes that the special assessments levied in the program are valid and cannot be challenged if, for example, the assessments are used to back bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.