Alabama

As Alabama sells the final tranche of bonds its $1 billion transportation program, other states gear up for legislative sessions aimed at funding billions in back-logged needs.

The sewer system ratepayers seeking to overturn Jefferson County's bankruptcy plan objected to briefs submitted to the 11th Circuit Court of Appeal by the National Association of Bond Lawyers and Securities Industry and Financial Markets Association .

Standard & Poor's lowered its rating to CCC-minus from CCC on the Aliceville Governmental Utilities Services Corp., Ala.'s bonds citing nearly drained reserves.

Municipal bond groups are seeking federal appeals court guidance in a ratepayer appeal of part of Jefferson County, Ala.'s Chapter 9 bankruptcy plan, saying the district court decision allowing a challenge of the plan threatens to undermine market stability.

Alabama plans to price $508.5 million in highway bonds in mid-January backed by an AAA rating from S&P that could save the state $40 million, the governor said.

U.S. District Judge Sharon Blackburn on Tuesday said that Jefferson County can file a petition with the 11th Circuit Court of Appeals in Atlanta in the county's bankruptcy appeal, while reframing the question, which is critical to holders of Jefferson County sewer warrants.

Alabama is facing a budget shortfall that could reach nearly $700 million in the next few years, according to Gov. Robert Bentley.

Jefferson County, Ala., voters sent all five commission incumbents back into office even after they allowed sewer rates to go up.

The U.S. Supreme Court ruled Nov. 3 that Florida can proceed with its suit against Georgia over fresh water rights.

Jefferson County is bringing additional attorneys into court to assist with its bankruptcy appeal case in U.S. District Court in Birmingham.

Alabama House of Representatives speaker Mike Hubbard faces 23 felony ethics law violations after being indicted by a grand jury on Monday.

Jefferson County said Friday it will appeal an Alabama federal judge's ruling that threatens investors' security in $1.8 billion of sewer warrants sold last year.

An Alabama federal judge set a July 2015 trial date for two ex-JPMorgan bankers facing pay-to-play charges in Jefferson County's sewer deals and swaps.

An Alabama federal judge's refusal to dismiss an appeal of Jefferson County's bankruptcy plan is credit negative for sewer warrant holders, Moody's said Oct. 6.

U.S. District Judge Sharon Blackburn ruled Tuesday that appeals in Jefferson County, Ala.'s bankruptcy case will go forward.

Two ex-JPMorgan bankers shouldn't be allowed to give statements six years after taking the Fifth Amendment in the Jefferson County, Ala., sewer bond and swap case, the SEC says.

An Alabama federal rejected ex-JPMorgan bankers' motions to dismiss the pay-to-play case against them involving Jefferson County, Ala.'s sewer deals and swaps.

Two ex-JPMorgan bankers seek to revise their statements in an SEC case about the sale of Jefferson County, Ala.’s sewer debt, now that a key player has been deposed.

Eleven months after the close of fiscal 2013, Jefferson County, Ala.'s audit sheds little light on the county's financial condition since emerging from bankruptcy.

Southeast municipal bond issuers sold $21.78 billion of debt in the first six months of the year, a 31.4% decline driven by fewer taxable and refunding deals.