"Florida Attorney General Pam Bondi and legislative leaders said Friday they reached accord over how $300 million recovered from mortgage lenders and servicers as part of a national foreclosure settlement will be spent.
The Legislature and Bondi's office have been at odds
for months over who had the authority to spend the money, part of $8
billion in relief promised Florida under the $25 billion national
settlement announced in February.
Bondi said the settlement
agreement gave her office the power to distribute the funds while House
and Senate leaders were equally adamant that it is the Legislature's
constitutional responsibility to appropriate money. The deal is a
compromise that allows Bondi to direct some of the spending with
lawmakers' approval, while leaving some of the money to the Legislature
Does anyone else find it just plane wrong that the states had anything to say about the money--shouldn't the government when they took the BUY OFF made it mandatory to go to assisting homeowners?! Collusion.