TALLAHASSEE, Fla. (AP) --
The Florida Supreme Court has approved financing for the state's purchase of 73,000 acres from U.S. Sugar Corp. for Everglades restoration.
The justices Thursday, Nov. 18, ruled that the South Florida Water
Management District can use a form of bond financing known as
certificates of participation.
They rejected arguments by the Miccosukee Tribe of Indians that
the land deal will not serve a public purpose.
The high court, though, ruled an option to buy additional land
in the future does not serve a public purpose and, therefore,
certificates of participation cannot be used to for those expenses.
The Supreme Court also said the district cannot substitute other
lands for those specified in the deal.
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