Florida Gov. Charlie Crist and his Cabinet Tuesday approved $1.27 billion of bond issuances.

The largest authorization was $924 million of state Board of Education public education capital outlay bonds to be sold in various tranches. The Cabinet authorized the immediate competitive sale of $200 million of the bonds to finance capital projects for schools, community colleges, and the state university system. The bonds will be secured by gross receipts taxes and the full faith and credit of the state, and will be sold by the state Division of Bond Finance.

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