Fidelity Filed to Liquidate its $1.5 billion Florida Municipal Money Market Fund. The fund is another casualty of
The State of Florida's repeal of its "intangible" personal property tax, which became effective January 1, 2007.
Evergreen,
Federated,
Reserve, and
USAA continue to run FL funds, though they too will likely be liquididated, merged or repurposed. The Sept. 2006 issue of
Money Fund Intelligence reported that
Schwab FL Muni MF changed its name and mission to
Schwab AMT Tax-Free MF.