Shelly Sigo

Standard & Poor’s on Friday lowered its rating to AA-plus from AAA on various long-term bonds issued for the Nemours Foundation. Fitch Ratings on Sept. 21 dropped its rating on the credit to AA-plus from AAA.

Alabama’s Education Trust Fund, which collects specific taxes and fees to fund public education as a part of the state budget, enters fiscal 2010 today with a shortfall that requires budget cuts of 7.5%, known in the state as proration.

BRADENTON, Fla. - Confusion continues to surround the $1 billion Port of Miami Tunnel concession project, which was expected to reach financial close by Thursday.

BRADENTON, Fla. - The Miccosukee Tribe of Indians in Florida has said that it will appeal last month's circuit court validation of $650 million of certificates of participation requested by the South Florida Water Management District to purchase land that will help restore the Everglades.

BRADENTON, Fla. - The Florida Department of Transportation has set Thursday as the ultimate deadline for financial close on the state's most unique public-private partnership - the $1 billion Port of Miami Tunnel Project. But late last week several FDOT letters to Miami officials placed in doubt, once again, whether the nation's first P3 based on availability payments would come to fruition.

BRADENTON, Fla. — Jefferson County, Ala., officials now say they are seeking a $25 million line of credit from Regions Bank to bolster government operations and return laid off employees to work.

BRADENTON, Fla. — Wills Memorial Hospital in Washington, Ga., last month sold nearly $13 million of taxable Build America Bonds with a draw-down structure and enhancements that officials believe may help other rural health-care providers access the capital markets in these difficult times.

The Tennessee Department of Transportation has identified 111 bridges across the state that will be replaced, repaired, or rehabilitated through a new initiative aimed at reducing the number of structurally deficient bridges in the state.

Madison County voters last week overwhelmingly authorized the school board to issue $61 million of general obligation bonds.

Gov. Sonny Perdue Tuesday asked the Obama administration for an emergency declaration to assist the 17 Georgia counties with recovery efforts due to flooding and severe weather late last week and early this week.

Fitch Ratings on Monday downgraded to AA-plus from AAA its rating on $71 million of Nemours Foundation outstanding health care revenue bonds. The rating agency said the outlook is stable.

Jefferson County commissioners Tuesday adopted an $808 million budget for fiscal 2010 that includes funding to return most laid-off county employees to work next month, according to the Birmingham News.

BRADENTON, Fla. — Moody’s Investors Service late Monday downgraded the Florida Department of Transportation’s turnpike revenue bond rating to Aa3 from Aa2, citing rapid declines in traffic and revenue along the 460 miles of established toll roads operated by the Turnpike Enterprise system.

BRADENTON, Fla. — The $1 billion Port of Miami Tunnel project inched forward Tuesday when Miami-Dade County commissioners approved an irrevocable $75 million letter of credit provided by Wachovia Bank NA to be used in helping to fund a portion of the project.

BRADENTON, Fla. - Miami-Dade County, Fla., hopes to terminate swaps insured by troubled Ambac Assurance Corp.

Florida’s Division of Bond Finance Tuesday received authorization to sell $727.1 million of bonds.

Fitch Ratings Tuesday downgraded $236 million of outstanding Alabama State Port Authority revenue bonds to BBB-plus from A-minus and said the outlook is stable.

A federal judge in Birmingham has set Nov. 12 as the new date that former Jefferson County commissioner Mary Buckelew will be sentenced for obstruction of justice for lying to a federal grand jury about receiving gifts from Montgomery-based bond dealer William Blount when the county’s sewer debt was refinanced in 2002 and 2003.