Shelly Sigo

Bankrupt Jefferson County has formally set its next hearing on sewer system rates for July 24, though no rate proposal is currently being considered.

Standard & Poor's has downgraded $128 million of student housing revenue bonds sold by the Capital Projects Finance Authority, Fla., to D, the lowest junk rating possible.

An appellate court has denied a motion by environmental groups to stay the Nuclear Regulatory Commission's approval of the construction and operating licenses for two new nuclear units at Plant Vogtle in Georgia.

West Virginia's Mountain State University lost its investment-grade bond rating after announcing that it may lose its accreditation.

The 11th Circuit Court of Appeals Thursday granted permission for nine petitioners to directly appeal federal Judge Thomas Bennett's ruling that stripped a state-court appointed receiver of the right to run Jefferson County's sewer system.

With an eye toward expansion, Memphis-based FTN Financial Capital Markets recently brought on six new traders and sales professionals for its muni division.

Florida's most populous county, Miami-Dade County, plans to head to the bond market next week in search of investors for the county's transit bonds.

Assured Guaranty Municipal Corp. Tuesday asked Jefferson County, Ala.'s bankruptcy judge to order the county to file a plan of adjustment by the end of September.

A Federal appeals court refused a rehearing on its decision to reject federal permits for North Carolina's Monroe Connector toll road.

Wells Fargo Bank NA said in a market notice last week that the accelerated repayment of debt owed by a Georgia charter school, Fulton Science Academy, had been rescinded.

The Santa Rosa Bay Bridge Authority, Fla. missed its third bond payment on July 1 because toll revenues were insufficient to pay debt service, according to a market notice filed by Bank of New York Mellon.

Judson Freeman joined Florida-based Bryant Miller Olive PA on Monday. Freeman has 35 years of experience in public finance work, and will work in BMO's Jacksonville office.

Moody's Investors Service said Monday that a recent ruling in Jefferson County, Ala.'s bankruptcy case is a credit positive because it will prevent revenues securing the county's $3.14 billion of defaulted sewer warrants from being further diluted.

Virginia Gov. Bob McDonnell slammed the Obama administration last week for killing major energy initiatives that would bring new revenues and jobs to the state.

Standard & Poor's revised its outlook to positive from stable on the Tennessee State School Bond Authority's AA-rated bonds ahead of an upcoming sale.

Alexandra C. Cook has been named the new finance director for Broward County's Port Everglades Department in southeast Florida.

The Florida Cabinet last week approved the sale of $680 million of new and refunding bonds.

Landmark at Doral CDD bondholders won title to the land with a stalking horse bid of $67.5 million when no bidders came forward at auction.

After two years with Jefferson County, Ala., David Hooks will return to the private sector joining a Memphis broker-dealer where he will develop an institutional sales network.

Virginia's new tourism financing program provides a rebate of state and local sales taxes at the site of a qualified tourism project, and requires that specific performance standards be met to qualify for the tax rebate.