Shelly Sigo

Kentucky reaped more savings than anticipated in Wednesday's $468 million taxable note sale in which underwriters created a new index-eligible term bond structure to entice investors who typically aren't interested in maturities less than 10 years.

The Atlanta City Council Monday approved issuing $145 million of new and refunding taxable bonds for Philips Arena, home to the National Basketball Association's Hawks and the Atlanta Thrashers, a National Hockey League expansion team.

The Santa Rosa Bay Bridge Authority could deplete its debt-service reserve in the current fiscal year, which could result in a payment default next July, Florida Department of Transportation officials said Wednesday.

Georgia Gov. Sonny Perdue named Tommy Hills on Monday as the state's new treasurer, effective Sept. 1. Hills has been the state's first-ever chief financial officer since 2003. He succeeds retiring Dan Ebersole, who served 13 years.

Jefferson County commissioners last week hired Warren, Averett, Kimbrough & Marino LLC to audit fiscal year 2008, which ended Sept. 30, 2008.

Alabama Gov. Bob Riley signed an executive order last week capping compensation for lawyers representing the state just hours before Attorney General Troy King filed two lawsuits against BP PLC and other companies for negligence in the Gulf oil disaster.

Atlanta-based Jackson Securities LLC named W. Bruce Gow president and interim chief executive officer.

Atlanta-based Jackson Securities LLC president and chief executive officer Reuben McDaniel 3d announced his resignation Monday.

BRADENTON, Fla. — The Kentucky Asset/Liability Commission on Wednesday expects to price $468 million of taxable notes to refinance obligations the state owes to the Teachers’ Retirement System for medical benefits.

BRADENTON, Fla. — Alabama Attorney General Troy King late Thursday filed lawsuits against BP PLC and BP America Inc. as well as drilling contractor Transocean Ltd. and related companies for their roles in the catastrophic oil spill in the Gulf of Mexico.

BRADENTON, Fla. — The South Florida Water Management District unanimously approved a plan Thursday to pay nearly $200 million in cash, instead of using bond financing, to purchase U.S. Sugar Corp. land for Everglades restoration projects.

BRADENTON, Fla. — Former Birmingham Mayor and Jefferson County commissioner Larry Langford said Wednesday that his conviction should be reversed, mail fraud counts against him dismissed due to insufficient evidence, and he should be given a new trial.

BRADENTON, Fla. — Tennessee is moving toward implementing comprehensive debt-management practices to be used by the state and its agencies, local governments, and other authorities that issue debt.

The Georgia Department of Transportation announced Monday that it has applied for $34 million in federal funding to accelerate development of high-speed rail service between Atlanta and Chattanooga, Tenn., with additional links eventually being added to Nashville and Louisville, Ky.

A Miami-Dade County grand jury last week released a report on Jackson Health System, describing its financial problems as “a colossal mess.” No formal charges were brought by the panel.

Under the guidance of its new finance director, Birmingham is poised to enter the bond market for what may be the first competitive offering in city history.

BRADENTON, Fla. — Florida is on a fast track to complete the first high-speed rail project in the U.S. with a new application for $1.12 billion in funding from the Federal Railroad Administration’s service development program.

BRADENTON, Fla. — The South Florida Water Management District will consider a plan on Thursday to pay cash, instead of using debt, for a scaled-down version of the U.S. Sugar Corp. land purchase for Everglades restoration.

BRADENTON, Fla. — Environmental sustainability. That was the main factor driving the California-based nonprofit RSF Social Finance to invest through its customized fixed-income portfolio in a municipal bond deal from the Florida Department of Environmental Protection in March.

The Tennessee State School Bond Authority has approved $212 million in construction loans for 15 school districts.