BRADENTON, Fla. — A new Florida agency created to fund statewide Property Assessed Clean Energy improvements filed a complaint to validate the issuance of up to $2 billion of municipal bonds.

The Florida program is forging ahead despite questions raised last year by federal housing agencies over the lack of standard underwriting and energy program requirements among governments with PACE initiatives, in which property owners borrow money to pay for qualified energy-efficiency improvements that are typically repaid through a special tax assessment on the property.

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