Shelly Sigo

A construction firm convicted of fraud in connection with repairing Jefferson County’s sewer system has finally paid nearly $20 million in fines and court costs assessed more than five years ago, Alabama U.S. attorney Joyce White Vance said Friday.

Georgia's plan to develop statewide alternative drinking water projects funded with $300 million of state general obligation bonds is a credit-positive, according to Moody's Investors Service.

The independent financial advisory firm, C.D. Bowling & Associates in Lexington, Ky., has changed its name to Civic Finance Advisors LLC and added three new partners.

The independent financial advisory firm, C.D. Bowling & Associates in Lexington, Ky., has changed its name to Civic Finance Advisors LLC and added three new partners.

Alabama federal Judge Thomas Bennett Friday limited the power of the receiver managing Jefferson County's sewer system.

The Clay Gas Utility District of Clay County, Tenn., never made a payment on its bonds over the past decade. Now the district is offering to buy them for 10 cents on the dollar in a contingent tender offer.

Alabama federal Judge Thomas Bennett Friday limited the power of the receiver managing Jefferson County's sewer system.

As Jefferson County, Ala., slogs through the nation's largest municipal bankruptcy, at least 10 bills that provide various forms of fiscal relief for the county are being advertised in advance of this year's regular legislative session, which begins Feb. 7.

As of Jan. 1, the consulting firm Wilbur Smith Associates no longer exists in name, and its headquarters have moved from Columbia, S.C., to Cambridge, Mass.

Kentucky and Indiana officials announced last week that they reached consensus on a basic plan to finance and build the $2.6 billion Ohio River Bridges Project.

Georgia Gov. Nathan Deal last week approved the final report of the Water Supply Task Force, which outlines water supply initiatives and recommendations that will be financed with $300 million of bonds over four years.

The U.S. Supreme Court has scheduled a conference for Jan. 13 at which the panel will decide whether to allow former Jefferson County Commissioner Larry Langford’s appeal to go forward.

The Birmingham City Council will meet in the next two weeks to work on plans to ask voter approval for a $75 million general obligation bond issue, according to the Birmingham News.

Federal legislation modeled after the Gulf Opportunity Zone Act of 2005 that would assist states devastated by tornadoes and floods in early 2011 is pending in Congress.

Moody’s Investors Service has downgraded the Piedmont Triad Airport Authority to A3 from A2.

Former Jefferson County Commissioner Larry Langford wants the U.S. Supreme Court to overturn his conviction.

Federal Bankruptcy Judge Thomas Bennett has ordered that an automatic stay associated with Jefferson County's bankruptcy will remain in effect through midnight Jan. 6.

A Birmingham, Ala., agency has closed on $64 million in bank loans that were privately placed due to concern that the recent bankruptcy of Jefferson County would make it difficult to seek financing in the bond market.

The North Carolina Department of Transportation closes on a $145.5 million deal believed to be the first of its kind to use stand-alone, grant anticipation revenue vehicle bonds as interim financing.

Fitch Ratings on Tuesday dropped its BBB rating on the Fulton Science Academy Inc. in Georgia to below investment grade.