Shelly Sigo

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.

The Santa Rosa Bay Bridge Authority's new board learned Wednesday night that its defaulted bonds, sold to build the Garcon Point Bridge in north Florida, may be repaid without losses to investors.

For the second year in a row, Virginia Gov. Bob McDonnell plans an aggressive strategy to keep the state's transportation projects moving forward at a fast clip.

Moody’s Investors Service Monday placed on review for upgrade the Ba3 rating on the Tennessee Energy Acquisition Corp.’s 2006A gas project revenue bonds.

Florida Gov. Rick Scott on Monday appointed John M. Martinez, vice president of Gardnyr Michael Capital Inc., as an interim Orange County commissioner.

Federal Judge Thomas Bennett, who is overseeing Jefferson County’s bankruptcy case, said Monday that he may not make a decision about whether the receiver will remain in charge of the county’s sewer system until after Dec. 23.

Jefferson County will be without a finance director after Friday.

Tampa, Fla., this week is marketing $20 million of taxable bonds to pay workers' compensation claims in a transaction that could be a model for other deals.

Jefferson County is not eligible to file for bankruptcy because it has no debt outstanding that qualifies under the Alabama law that authorizes municipalities to file for Chapter 9, creditors argued in court filings last week.

The Securities and Exchange Commission said late Thursday that it is a "statutory party in interest" in Jefferson County, Ala.'s bankruptcy case and wants to receive all notices and documents filed with the court.

BRADENTON, Fla. — Florida Gov. Rick Scott Wednesday unveiled his 2013 budget proposal, which includes major cuts in spending and the state's borrowing program.

The potential ouster of the Jefferson County, Ala., sewer system's receiver in connection with the county's bankruptcy case could derail the long-held legal precedent that bonds secured by a specific pledge of revenues will continue to be paid during a Chapter 9 proceeding, according to creditors and industry participants.

Officials in Memphis are considering offering incentives to keep the headquarters of Morgan Keegan & Co., and its jobs, in the city if the firm is sold, according to the Commercial Appeal newspaper.

The troubled Clay County Gas Utility District has notified the bond market that, due to a lack of funds, it was unable to make Dec. 1 principal and interest payments on its Series 1998 bonds.

The Orlando-Orange County Expressway Authority last week hired an interim executive director who currently works for a consulting firm that has contracts with the agency.

Former JPMorgan banker Douglas MacFaddin and the Securities and Exchange Commission are seeking court sanctions against former Jefferson County commissioner Shelia Smoot for failing to appear for depositions and produce documents on several occasions.