By Scott Powers, Florida Politics; April 30, 2018
All Aboard Florida’s $1.75 billion in tax exempt private activity bonds are not only in link with the law and regulations, they’re not without precedent in federal funding of railroad projects, the company stated Monday.
In a letter to U.S. Rep. Mark Meadows, chair of the U.S. House Subcommittee on Government Operations, All Aboard Florida’s general counsel Myles Tobin laid out the case Monday for why the privately-owned and -operated higher-speed passenger railroad’s federal financing should be above reproach.
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