Government Digest: Nov. 12 - Nov. 18

Seminole Tribe of Florida to issue $367 million in bonds
HOLLYWOOD — In a private placement, the Seminole Tribe of Florida plans to issue $367 million in bonds to fund various capital expenditures at its gaming facilities and for other improvements and additions to its properties. One offering, is for $330 million in taxable bonds and a second issue is for $37.385 million in tax-exempt bonds. Bonds for both offerings mature in 2017 and are special, limited obligations of the tribe secured by a pledge of revenues from tribe gaming facilities. The tribe operates the Seminole Hard Rock Hotel and Casino in Tampa and the Seminole Casino Immokalee among other Florida properties.