Leon County Circuit Judge William Gary on Monday validated $1 billion of tax-exempt bonds for the Florida Water Pollution Control Financing Corp.’s state revolving loan fund.

The corporation plans to sell as much as $475 million of the validated bonds early next year, but the debt may be sold in smaller tranches if market conditions warrant, said agency spokeswoman Dee Ann Miller. The bonds are expected to be sold after an appeal period of the validation expires on Jan. 1.

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.