ATLANTA -- Florida's Legislature yesterday began considering a bill to make possible the sale of about $500 million of tax-exempt revenue bonds to pay off claims on insurers forced into liquidation by Hurricane Andrew.

The financing, which would be sold by Homestead, Fla., would bolster the reserves of the Florida Insurance Guaranty Association, a private nonprofit group that covers such claims but is now running out of reserves, said Insurance Commissioner Tom Gallagher.

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