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Miami-Dade considers $100M loan to aid transit

Posted on July 7, 2011

MIAMI  — Miami-Dade County commissioners are deciding whether to authorize the county to take out an emergency $100 million bridge loan so its ailing transit agency can keep key capital projects on track, The Miami Herald reported.

The interim loan would provide the agency with the capital it needs until it resolves federal regulators’ concerns and the county can issue bonds to pay for the capital projects. For the full story, click here.

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