Alabama

The National Association of Bond Lawyers released a paper Tuesday to help educate bond lawyers and other market participants about general obligation bonds in the wake of the Detroit and Jefferson County, Ala. bankruptcy filings.

Alabama saved nearly $20 million on a July 24 refinancing of $200 million of outstanding general obligation bonds.

U.S. District Court Judge Sharon Lovelace Blackburn orders briefs to determine if Jefferson County, Ala.'s bankruptcy appeal will be dismissed.

Based on two court cases, two former JPMorgan bankers want the SEC's pay-to-play case involving Jefferson County, Ala.'s failed sewer deals dismissed.

Birmingham, Ala. city councilor Sheila Tyson, saying her constituents can't afford Jefferson County's post-bankruptcy debt, is trying to boost public support for an appeal, as hearings commence.

Moody's dropped Alabama State University's $230 million of outstanding bonds three notches to junk citing an inability to cover debt service among the reasons.

Fitch revised the outlook to negative on Alabama's Birmingham Airport Authority bonds citing erosion in the enplanement base as debt service obligations begin to increase.

The first hearing in Jefferson County, Ala.'s bankruptcy appeal has been reset to July 18 from May 15 due to a court scheduling conflict.

Jefferson County, Ala.'s attorneys say petitions appealing the county's bankruptcy exit plan fail to address legal matters and contain "tangential allegations."

One judge was used to the limelight, the other wasn't. But Thomas Bennett and Mary France found themselves in the glare as they oversaw high-profile Chapter 9 cases.

The Alabama Legislature's session ended April 3 with lawmakers passing state budgets, but taking no action on bills affecting the Birmingham Water Works Board.

Litigants appealing Jefferson County, Ala.'s bankruptcy could face an uphill battle based on the history of such cases, according to a legal expert.

In a post-bankruptcy review, Moody's found that creditors received wide recovery rates in Jefferson County, Ala., and other recent municipal bankruptcies.

An Alabama Senate bill passed March 6 would authorize $100 million of bonds to finance digital textbooks for the state's public school teachers and children.

The SEC and former JPMorgan bankers asked a federal court not to exclude experts in the pay-to-play suit involving Jefferson County, Ala.'s sewer deals.

Georgia Gov. Nathan Deal applauded Monday's U.S. Supreme Court decision to have the Department of Justice file a brief in the water wars case with Florida.

Alabama Gov. Robert Bentley plans to sign a bill authorizing the use of state gasoline taxes as a backup pledge to bolster future issuances of Garvee bonds.

Southeast bond issuance last year dropped 11% to $56.7 billion as rising interest rates took refundings out of the running and new-money volume was nearly flat.

Jefferson County still faces uncertainty as appeals of its Chapter 9 exit plan coincide with elections that include a county commission candidate who is a plaintiff.

The SEC and former JPMorgan bankers asked a federal court to exclude experts in the pay-to-play suit involving Jefferson County, Ala.'s sewer deals.