Fla. Gov. OKs $150M Bond Proceeds For Port Improvements

Law360, Miami (September 24, 2013, 8:05 PM EDT) -- Florida Gov. Rick Scott on Tuesday announced the allocation of $150 million in bond proceeds to finance projects at Florida ports that include dredging at PortMiami and adding five berths at Port Everglades.

The Florida Department of Transportation has set aside $150 million for 16 projects for the 2014 fiscal year from bonds that will be issued by the Division of Bond Finance, according to a statement from Scott.

"This $150 million investment in Florida ports will strengthen Florida's role as a hub for global commerce,"...
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