Shelly Sigo

BRADENTON, Fla. - Lambuth University in Jackson, Tenn., closed down academic operations Thursday while administrative offices remained open and negotiations continued with various parties for the payment of debts, including outstanding bonds.

BRADENTON, Fla. - A last-ditch effort to prevent the Santa Rosa Bay Bridge Authority in northwest Florida from a bond payment default has failed and the remaining member of the board plans to resign next week.

The Rankin County School Board is planning to ask voters to authorize the issuance of $169.5 million of general obligation bonds.

The 11th Circuit Court of Appeals in Atlanta Tuesday overturned a federal judge's ruling that ordered massive cutbacks in drinking water withdrawals by Atlanta and surrounding communities from a federal reservoir known as Lake Lanier.

Nearly two years after first issuing debt to build a performing arts center, Orlando finally broke ground on the long-awaited facility.

Miami-Dade County voters on Tuesday chose former County Commissioner Carlos Gimenez as their new mayor.

BRADENTON, Fla. - Jefferson County, Ala., agreed not to file for bankruptcy in return for a 30-day "standstill" agreement under which the receiver for the county's sewer system will allow negotiations to resume over defaulted sewer debt and won't pursue a rate increase - at least for now.

Four Jefferson County, Ala., lawmakers are legally opposing the sewer rate increase proposed by the court-appointed receiver managing the county's sewer system and its defaulted debt.

BRADENTON, Fla. - Two Florida issuers plan to sell revenue refunding bonds to refinance variable- and fixed-rate bonds and to terminate swaps at a cost that could top more than $100 million.

BRADENTON, Fla. - The Alabama court-appointed receiver in charge of managing Jefferson County's sewer system - as well as its defaulted warrants and swaps - is demanding that the county turn over $75 million from its general fund.

BRADENTON, Fla. - Florida's Citizens Property Insurance Corp. next week expects to sell up to $900 million of revenue bonds and notes to provide liquidity for the current hurricane season, which began June 1.

Tennessee revenue collections continued a nine-month growth trend in May with a 9.82% increase over the same month a year ago.

Standard & Poor's on Monday revised its rating outlook to negative from stable and affirmed its BBB-plus rating on $5.7 million of Series 2002B bonds issued on behalf of Martin Memorial Medical Center.

Alabama Gov. Robert Bentley last week signed the Fiscal Transparency Act into law enabling the public to view monthly reports on the Internet about the state's finances.

BRADENTON, Fla. — The fiscal distress in Jefferson County has elicited renewed calls from a financial analyst for investors to be cautious when buying debt sold by issuers from Alabama.

BRADENTON, Fla. - Triple-A rated Georgia on Tuesday is set to competitively price nearly $1 billion of new-money and refunding bonds in its largest single-day sale ever.

BRADENTON, Fla. - Alabama Attorney General Luther Strange Wednesday filed a motion to intervene on behalf of Jefferson County's sewer ratepayers in the receivership case involving the county's sewer system.

BRADENTON, Fla. - South Miami is seeking a taxable bank loan to fund a settlement with the Internal Revenue Service over impermissible uses of tax-exempt bond and bank loan proceeds to build a parking garage.

BRADENTON, Fla. — The receiver appointed to take charge of the debt-laden sewer system in Jefferson County is recommending that rates be increased to counter a decline in the number of customers, maintain the system and pay outstanding debt.

Tennessee Comptroller Justin Wilson reminded local governments in a recent letter that they are required to draft and adopt their own debt-management policies by Dec. 31.