A Florida-wide lending giant pummeled by attacks from tax-collector critics won the legal right to carry on its much-maligned hurricane damage repair program Thursday.
Local governments can’t reopen the closed bond approval behind the $5 billion home repair and hurricane hardening program run by Florida Pace Funding Agency, the Florida Supreme Court ruled.
Dozens of municipal officials have sued over unusual language in the bond, which prohibits local governments across the state from enacting ordinances preventing FPFA from loaning cash to homeowners and placing premiums on their real estate tax bills. While officials across the state might be justifiably ...