HAS ALL ABOARD FLORIDA ALREADY RECEIVED FEDERAL FUNDING?? AAF MAY NOT BE ELIGIBLE FOR PRIVATE ACTIVITY BONDS.

Publish Date: 
Tuesday, May 19, 2015 - 1:45pm

Whether All Aboard Florida is eligible to receive $1.75 billion in tax exempt bonds could come down to whether it has benefited from federal transportation money already.

In hundreds of pages of court documents filed late Friday, All Aboard Florida and the U.S. DOT argue, in part, that the project has received federal assistance under U.S. Code Title 23 — a key element in making it eligible for the private activity bond financing.