Alabama

The Birmingham, Ala., City Council refused to approve the mayor's request for a special bond election.

To prevent further siphoning of revenues from bankrupt Jefferson County's general fund, commissioners will decide whether to close the county's indigent-care hospital.

Former Alabama Gov. Don Siegelman was re-sentenced last week to 78 months in prison for bribery, conspiracy, fraud and obstruction of justice. Siegleman was convicted of selling a seat on a state health panel in return for donations to a failed state lottery initiative.

The Birmingham, Ala., City Council Tuesday delayed making a decision on asking voters for $150 million of general obligation bonds. The council will decide whether to schedule the Oct. 9 referendum in another meeting.

Jefferson County, Ala.'s bankruptcy judge Wednesday will hear arguments about setting a deadline for the county to propose a plan of adjustment, and will consider a Birmingham group's claim for $1.63 billion.

Jefferson County, Ala., has hired George Tablack as its new CFO.

A trustee and an insurer for Jefferson County's defaulted general obligation warrants Tuesday objected to a motion asking the federal judge overseeing the bankruptcy case to set a deadline for the county to file a plan of adjustment for its debts.

Alabama Gov. Robert Bentley Monday added another $78.3 million in road and bridge projects to $138.5 million already approved as part of the state's largest-ever transportation funding program. The projects are part of a $650 million program to be financed with grant anticipation revenue vehicle bonds.

The Bank of New York Mellon says a suit seeking class-action status in Jefferson County's bankruptcy case is "a procedurally improper attempt to pursue frivolous claims."

Bankrupt Jefferson County has formally set its next hearing on sewer system rates for July 24, though no rate proposal is currently being considered.

The IRS is auditing $378.15 million of gas supply variable rate revenue bonds and $4.82 million of gas supply fixed rate subordinated revenue bonds that the Lower Alabama Gas District issued in September 2007.

The 11th Circuit Court of Appeals Thursday granted permission for nine petitioners to directly appeal federal Judge Thomas Bennett's ruling that stripped a state-court appointed receiver of the right to run Jefferson County's sewer system.

Assured Guaranty Municipal Corp. Tuesday asked Jefferson County, Ala.'s bankruptcy judge to order the county to file a plan of adjustment by the end of September.

Moody's Investors Service said Monday that a recent ruling in Jefferson County, Ala.'s bankruptcy case is a credit positive because it will prevent revenues securing the county's $3.14 billion of defaulted sewer warrants from being further diluted.

Federal Bankruptcy Judge Thomas Bennett said Friday June 29 that Jefferson County cannot keep sewer revenues in excess of operating expenses that are specified in bond documents. The county wanted to withhold the funds to pay estimated legal estimates and establish a reserve fund. Jefferson County currently pays $5.5 million a month in debt service on the $3.2 billion of outstanding sewer bonds. The county filed for bankruptcy in November 2011.

The U.S. Supreme Court Monday denied a request by Florida and Alabama to review the so-called tri-state water war case the two states are fighting against Georgia about water from the Lake Lanier reservoir.

Jefferson County Commissioner Joe Knight wants to remove disgraced former county commissioner Mary Buckelew's name from a road.

In a court filing Sunday, Jefferson County, Ala., said that major creditors holding the county's sewer debt have been invited to "testify" before the County Commission at its next sewer rate hearing on July 24.

If the Birmingham City Council approves holding a special election, voters would be asked Oct. 9 to approve the sale of up to $150 million of GO bonds to finance a variety of projects.

The U.S. Supreme Court is scheduled Thursday to consider whether it will review the so-called water war case between Georgia, Florida and Alabama.