Alabama

Jefferson County, Ala., failed to properly inform residents about the plan that will allow the county to exit bankruptcy, according to a complaint filed Friday.

Jefferson County, Ala., commissioners Monday narrowly adopted new sewer rate increases that underpin resolution of the nation's second-largest municipal bankruptcy.

With Southeast issuers facing big-ticket costs to rehab water and sewer systems under federal court orders, doubt about the future of munis is raising concern.

Jefferson County, Ala.'s bankruptcy attorney said a report by Moody's showing that the county's bondholders will have lower recoveries than the county anticipates is "unfair."

Alabama got $88 million more in bonuses for its Children's Health Insurance Program than allowed, the U.S. Department of Health and Human Services' inspector general said.

Calvin Grigsby is protesting Jefferson County, Ala.'s proposal to reject a claim for $1.63 billion in the county's bankruptcy case.

Jefferson County, Ala.'s attorney says that rising interest rates make it "almost inevitable" that the plan to refinance defaulted sewer debt must be renegotiated.

Jefferson County, Ala., finalized an agreement with the IRS to protect the county’s tax-exempt sewer system warrants in return for a $4.5 million payment.

Officials overseeing bankrupt JeffCo get a lesson in "disclosure responsibilities" from disclosure expert John McNally, a partner at Hawkins, Delafield, & Wood.

Municipal bond issuance in the Southeast dropped nearly 12% to $30.7 billion in the first half of 2013. Sales were down in eight of the 11 states comprising the region.

Moody's said Monday that "novel" refinancing plans proposed by bankrupt Jefferson County, Ala., and Detroit are being threatened by rising interest rates and raise risks for investors.

Jefferson County, Ala.'s disclosure statement won approval in Birmingham federal court Tuesday, after Federal Judge Thomas Bennett struck down objections to the bankruptcy plan.

Objections to Jefferson County, Ala.'s Chapter 9 bankruptcy disclosure statement will be heard by a federal court Tuesday as the county opposes $2.6 billion in claims for payments made by one objector.

Jefferson County, Ala., has proposed an aggressive timeline for exiting bankruptcy but objections have been lodged before the judge can even confirm the schedule.

Jefferson County, Ala., said that the IRS completed an examination of the county's 2006 lease revenue warrants with no change in tax exempt status.

Officials overseeing Jefferson County, Ala.'s municipal bankruptcy say they understand the challenges and stigma that Detroit now faces.

Jefferson County, Ala., has chosen Citi as senior underwriter for a $1.89 sewer warrant refinancing to take place in December after emerging from Chapter 9 bankruptcy.

Detroit bondholders may have a new worry after a judge ruled that Jefferson County, Ala., could have paid legal bills for its bankruptcy from cash that was going to pay warrant holders owed $3 billion.

Bankrupt Jefferson County, Ala., is seeking bids from underwriting firms to assist with its $1.89 billion sewer warrant refinancing obligation later this year.

Alabama's Jefferson County expects to propose a closing agreement to the Internal Revenue Service within a few weeks on nearly $3.1 billion of outstanding sewer revenue warrants.