Alabama

The Jefferson County Board Friday approved a measure to re-finance a portion of its jail bonds.

The Tuscaloosa County School System took a step toward building additional schools by moving forward with a bond sale to finance the projects.

David Carrington said his experience with Jefferson County’s bankruptcy prepares him to run for Alabama’s highest office.

JACKSONVILLE, Ala. -- City leaders agreed Monday to refinance some debt and gain around $273,000 for taxpayers.

Alabama Gov. Robert Bentley pleaded guilty to misdemeanor charges and resigned late Monday, followed by Lt. Gov. Kay Ivey's swearing in as the state’s 54th chief executive.

Impeachment proceedings began Monday against Alabama Gov. Robert Bentley by the House Judiciary Committee, after the state’s high court ruled that hearings could proceed.

The Alabama Ethics Commission found probable cause to believe Gov. Robert Bentley violated ethics and campaign finance laws.

Jefferson County can refinance $500 million of outstanding limited-obligation school warrants, the Alabama Supreme Court ruled in a decision that could put the county in the bond market by mid-year.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

In oral arguments on Jefferson County, Ala.’s bankruptcy plan last month, the 11th Circuit Court of Appeals expressed concern that ratepayers challenging the plan did not request a stay before bonds were sold.

A significant increase in Birmingham, Ala.’s pension liabilities led Fitch Ratings to cut the city’s issuer default and bond ratings by one notch to AA-minus, and to revise the rating outlook to negative.

Alabama state lawmakers in 2017 will weigh competing major bond programs to fund transportation and prison construction, as well as two controversial gambling proposals.

David Carrington, who was president of the commission that placed Jefferson County, Ala., into Chapter 9, said his experience presents an opportunity for him to consider running for governor.

Alabama plans to issue $652 million of bonds secured by settlement payments stemming from the Deepwater Horizon oil spill in the Gulf of Mexico.

At the request of Jefferson County, Ala.’s bankruptcy attorneys, the 11th Circuit Court of Appeals set what appears to be a firm date to hear oral arguments on Dec. 16 in Atlanta.

The city of Mobile, Ala., has agreed to pay an undisclosed sum of money to the Internal Revenue Service to maintain the tax-exempt standing of $63.4 million of general obligation refunding and improvement warrants it issued in 2006.

After seven postponements in the appeal of Jefferson County, Ala's bankruptcy case, the county's attorney requested that the chief judge of the 11th Circuit Court of Appeals schedule oral arguments as soon as possible.

In Tuesday’s election, North Carolina and West Virginia got new governors while the region also saw the passage of bond-related measures, including big-ticket transportation initiatives.

A lawsuit that threatens to invalidate the sole security for bonds issued by the Chilton County Health Care Authority in Alabama prompted Fitch Ratings to place debt’s AA-minus rating on watch negative.

The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.