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Florida created CDDs, a particular kind of local government, to make it easier to finance and manage infrastructure and services in planned communities. To finance the construction of infrastructure, such as roads, water and sewer facilities, stormwater management systems, and recreational amenities, CDDs, as special-purpose governmental units, have the right to issue tax-exempt municipal bonds. Notable CDDs include the Reedy Creek Improvement District, the location of Walt Disney World and currently the center of a power struggle in the State of Florida, as well as substantially all of The Villages, the giant Central Florida retirement community.
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