Delaware

A $211 million, 35-year low-interest federal loan is the final piece of the funding plan for a Delaware toll road

Issuers in the Northeast sold $54.2 billion of municipal bonds in the first half of 2015 rising 26% compared to the first six months of 2014.

Municipal bond issuance volume in the Northeast was little changed in 2014, rising 1% from 2013 volume as issuers weighed low interest rates against their ongoing fiscal challenges.

Ballard Spahr served as bond counsel in the issuance of $34.6 million in tax-exempt bonds that will enable a Wilmington, Del., charter school to expand into a K-12 format

Northeast bond issuance was stronger in the first half of 2014 than it was in the United States.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.

For the first time in 10 years, Dover, Del., plans to come to market with a competitive sale of water and sewer revenue bonds.

Delaware will sell $340 million of triple-A rated general obligation tax-exempt debt in two transactions next week, pricing $115 million by negotiated deal and $225 million by competitive bidding.

The tax-exempt status of $8.5 million of bonds issued by the Delaware River Port Authority in 2003 for the LEAP Academy University Charter School, Inc., could be in jeopardy because the Internal Revenue Service revoked the charter school's tax-exempt status.

The Delaware River Port Authority will sell $156.7 million in barely investment grade debt Thursday.

Fitch Ratings affirmed its BBB rating on Peninsula United Methodist Homes Inc., and upgraded the outlook to positive from stable.

Hurricane Sandy left major challenges for many municipal bond firms after the Financial District of Manhattan was hammered hard by the storm.

The Delaware River Joint Toll Bridge Commission sold bridge system revenue refunding bonds after receiving positive outlooks from Moody's and Standard & Poor's.

Delaware, Illinois, Massachusetts, New Jersey, North Carolina, Pennsylvania and South Carolina are about close to blowing a deadline for adopting a fiscal 2013 budget.

Seven States are two and a half day away from blowing a Saturday deadline for adopting a fiscal year 2013 budget.

Emilie Ninan, a public finance partner at Ballard Spahr LLP and the future president of the North American South Asian Bar Association, has become managing partner of the firm’s Wilmington, Del., office.

The Delaware River and Bay Authority could raise Delaware Memorial Bridge tolls by $1 on July 1 to help finance nearly $200 million of capital needs during the next five years.

Gilt-edged Delaware this week will sell nearly $300 million of general obligation debt, including $175.2 million of taxable Build America Bonds and qualified school construction bonds to help finance capital projects.

The Delaware River Port Authority on Thursday announced a hiring freeze and said it will cut next year’s budget by 2%, or $2.6 million, to reduce the bi-state agency’s spending.

States and municipalities in the Northeast sold $58.9 billion of debt in 1,062 issues during the first six months of 2010, eking out a 2% increase over the first half of 2009.