Shelly Sigo

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.

Radian Asset Assurance Inc. accelerated payment of $4.9 million of bonds owed by Lambuth University, according to a market notice filed Tuesday by Bank of New York Mellon, the trustee.

Mississippi Gov. Haley Barbour on Tuesday submitted his final executive budget recommendations, and told legislators to curb spending for fiscal 2013 due to the state’s sluggish recovery.

The bankruptcy filing by Jefferson County could ultimately hinge on a ruling by the Alabama Supreme Court.

Virginia Gov. Robert McDonnell Monday outlined his biennial budget for fiscal 2013-14, which includes enhancing reserves to protect the state's gilt-edge ratings and additional funds to help insulate the state against cuts in federal revenue.

U.S. Bank NA notified the market that it was sued by Fiddler's Creek Community Development District 2 in South Florida.