FLORIDA: Berkshire Cat Fund Put OK'd

Sigo, Shelly
August 2008
Bond Buyer;8/7/2008, Vol. 365 Issue 32435, p9
Trade Publication
The article reports that State Board of Administration in Florida voted to spend $224 million to purchase a put option from Berkshire Hathaway Inc. Under terms of the put option, Berkshire guarantees to purchase up to $4 billion of tax-exempt bonds issued by the Florida Hurricane Catastrophe Fund Finance Corp.


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