Florida reduces sale of Everglades bonds to $99.685 million from $110 million

By Cristal Cody

Springdale, Ark., April 7 - Florida plans to price $99.685 million Everglades restoration revenue refunding bonds, down from an initial amount of $110 million.

The Department of Environmental Protection series 2008A bonds will be sold in a competitive sale. The state prices bonds on an 18-hour notice.

The bonds have preliminary maturities from July 1, 2008 through July 1, 2025.

Proceeds will be used to refinance the outstanding series 2006A and B multi-modal Everglades restoration revenue bonds and to fund a reserve account.

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