Shelly Sigo

BRADENTON, Fla. — On the heels of an upgrade for its Garvees, Kentucky tomorrow plans to sell $90 million of the debt for work related to its share of the massive $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project.

After receiving a federal loan commitment Tuesday, the Municipal Electric Authority of Georgia yesterday announced it would soon sell $2.53 billion of municipal bonds for the project. The U.S. Department of Energy said MEAG would receive approximately $1.8 billion in loan guarantees toward construction of its share of two new nuclear units being planned at Plant Vogtle in Georgia.

Miami-Dade County expects to be in the market early next week for a two-day pricing of $600 million of water and sewer bonds — the first round of large yearly debt sales for a newly revised $4.2 billion capital improvement program.

Standard & Poor's Tuesday raised the underlying rating on the Lamar County School District's general obligation bonds two notches to A from BBB-plus based primarily on its rapidly expanding property tax base and good income levels.

Kentucky's general fund receipts fell 3.3% in January compared to January 2009, a decrease of $23.9 million.

Atlanta BeltLine Inc.'s board of directors last week selected lead designers for the BeltLine project and established the basis for future design and construction, the agency announced.

Vestavia Hills City Council president David Carrington has announced he will run for a seat on the Jefferson County Commission that is opening this year.

BRADENTON, Fla. — The Owensboro Medical Health System in Kentucky this week is expected to price $545 million of fixed-rate revenue and refunding bonds as part of a finance plan to build a new hospital and terminate two swaps.

BRADENTON, Fla. — Louisiana federal Judge Kurt Engelhardt has agreed to hear oral arguments April 21 from PaineWebber Capital Services Inc. and UBS Securities LLC on their motion to dismiss a suit filed by New Orleans involving the failed remarketing of its firefighters’ pension bonds.

Mississippi Gov. Haley Barbour Friday ordered $21 million in cuts to state agencies, bringing the total agency reductions to nearly 8.7% for the current fiscal year.

Kentucky Gov. Steve Beshear is proposing as part of his fiscal 2011 budget to refinance as much as $500 million of internal state loans originally used to pay medical benefits of the Kentucky Teacher Retirement Systems.

The Georgia State Transportation Board last Friday voted 9 to 2 to rescind a prior decision that would have changed the way the Georgia Department of Transportation conducts its accounting practice, a spokeswoman said.

BRADENTON, Fla. — ­Investors in Florida’s distressed community development districts should expect an increasing number of defaults, primarily on bonds sold during the state’s real estate boom years, a new report by ­Interactive Data Corp. warned yesterday.

BRADENTON, Fla. — The new bi-state authority created by Kentucky and Indiana to develop a $4.1 billion finance plan to build new bridges over the Ohio River met for the first time Tuesday in an organizational session.

BRADENTON, Fla. — The Florida Supreme Court Monday decided to hear oral arguments on April 7 in the South Florida Water Management District’s quest to get legal validation for $650 million of certificates of participation, the sale of which is being opposed by two ­appellants.

The Atlanta City Council Monday voted to pay a swap termination fee to UBS AG that could cost as much as $25 million. The swap was used to hedge $217 million of the city’s variable-rate water and sewer bonds.

A regional business organization headquartered in Jefferson County is urging Alabama’s political leaders to solve the county’s sewer debt crisis.

BRADENTON, Fla. — Tennessee Gov. Phil Bredesen Monday night recommended a $28.41 billion budget for fiscal 2011, a reduction of 5% from the current year.

BRADENTON, Fla. — Florida Gov. Charlie Crist Friday unveiled a $69.2 billion budget proposal for fiscal 2011 that, if accepted by the Legislature, would authorize the least amount of annual debt issuance in more than a decade.

BRADENTON, Fla. — Georgia Gov. Sonny Perdue Thursday said the state could not refinance $424.4 million of transportation debt because the board that oversees road projects has voted to ­maintain accounting practices that violate state law.