Florida Provides $40M To Improve State's Deepwater Ports

Law360, New York (June 15, 2012, 7:26 PM EDT) -- Florida Gov. Rick Scott on Thursday signed a pair of transportation bills into law providing more than $40 million of funding for the state's 14 deepwater ports, aiming to better position the state to benefit from an expected increase in international trade.

The new legislation creates a strategic port investment initiative within the Florida Department of Transportation ensuring that at least $35 million per year from the state's transportation trust fund supports port projects, according to the governor's office.

The bills also nearly doubles the annual...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.