Martin County to challenge FDFC’s approval of All Aboard bond sale


From The Palm Beach Post: Martin County Commissioners voted unanimously Tuesday to file a legal appeal challenging a state board’s decision to allow All Aboard Florida to sell $1.75 billion in tax exempt bonds to help pay for the private rail project.

According to documents filed with the FDFC, the 30-year bonds will not be rated and the minimum denomination for the bonds will be $100,000, documents show.

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