Alabama

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.

Moody's Investors Service dropped Alabama State University's bond ratings to Baa1 from A3 amid a forensic audit that began in 2012, and remains incomplete.

Jefferson County, Ala., Commission President David Carrington said he is working on a "tell all" book about the nation's second-largest municipal bankruptcy case.

Moody's Investors Service withdrew its Ca ratings on Jefferson County, Ala.'s sewer warrants as a result of the county's exit from bankruptcy.

Jefferson County's exit from Chapter 9 bankruptcy sparked interest in general obligation bondholder protections in Alabama, Moody's Investors Service said.

One of two appeals of Jefferson County, Ala.'s bankruptcy plan of adjustment will be dropped.

Two Alabama lawmakers' plan to co-sponsor bills altering the governance structure of the Birmingham Water Works Board is being opposed by local leaders.

Standard & Poor's lowered its ratings to A from A-plus on the Alabama Public Housing Finance Corp.'s 2003B bonds citing reduced federal funding.

Jefferson County, Ala., is out of municipal bankruptcy but appeals of the bankruptcy plan and criminal prosecutions will keep the county in the spotlight.

Nine days after downgrading them, Standard & Poor's upgraded six series of Jefferson County, Ala. limited obligation school warrants to investment-grade BBB from D.

When Standard & Poor's downgraded Jefferson County, Ala.'s school warrants to D, some people said the action was misleading and others were confused.