Shelly Sigo

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.

BRADENTON, Fla. — President Obama and Vice President Joe Biden will be in Florida today to announce which states will share in $8 billion of federal stimulus funding for high-speed rail projects, and the winners will include the Sunshine State.

Norfolk, Va., has completed the sale of $212.2 million sale of municipal bonds, which included the use of three different federal stimulus programs to save more than $5 million in debt service payments over traditional tax-exempt financing, according to syndicate leader Morgan Keegan & Co.

Florida’s Cabinet Tuesday authorized Division of Bond Finance director Ben Watkins to sell $795 million of refunding bonds and $237 million of new debt.

Birmingham’s new mayor, William Bell, was installed Tuesday.

Jefferson County commissioner Jim Carns Tuesday said he would not seek reelection to the seat that he has held for one term.

BRADENTON, Fla. — Lawyers for ousted Birmingham, Ala., Mayor Larry Langford say the former Jefferson County commissioner who spearheaded the ill-fated refinancing of the county’s $3.2 billion of sewer debt will appeal his conviction on 60 federal charges.

BRADENTON, Fla. — Birmingham, Ala., welcomes new Mayor William Bell to office on Tuesday, which leaves a vacancy on the Jefferson County Commission as it continues to cope with $3.2 billion of troubled sewer debt.

BRADENTON, Fla. — ­Nashville’s consolidated government leaders Tuesday night voted to move forward with a new convention center that could require as much as $650 million in bond financing that could price next month.

BRADENTON, Fla. — Facing a potential $1.5 billion shortfall over the next two years, Kentucky Gov. Steve Beshear Tuesday night recommended an $18.4 billion biennial budget to lawmakers that calls for a total of $1.53 billion of new debt.

BRADENTON, Fla. — Alabama federal judge Scott Coogler Tuesday denied former Birmingham Mayor Larry Langford’s motion for a new trial.