Florida

The Santa Rosa Bay Bridge Authority's new board learned Wednesday night that its defaulted bonds, sold to build the Garcon Point Bridge in north Florida, may be repaid without losses to investors.

Florida Gov. Rick Scott on Monday appointed John M. Martinez, vice president of Gardnyr Michael Capital Inc., as an interim Orange County commissioner.

Tampa, Fla., this week is marketing $20 million of taxable bonds to pay workers' compensation claims in a transaction that could be a model for other deals.

BRADENTON, Fla. — Florida Gov. Rick Scott Wednesday unveiled his 2013 budget proposal, which includes major cuts in spending and the state's borrowing program.

The Orlando-Orange County Expressway Authority last week hired an interim executive director who currently works for a consulting firm that has contracts with the agency.

BRADENTON, Fla. — Even with debt issuance by Florida at a historic low this fiscal year, the state continues to exceed its self-imposed debt service cap as revenues remain weak.

BRADENTON, Fla. - The Securities and Exchange Commission has opened what appears to be a sweeping investigation into the new, largely bond-financed stadium for Major League Baseball's Miami Marlins.

BRADENTON, Fla. — The Santa Rosa Bay Bridge Authority's bond trustee, Bank of New York Mellon, has hired a financial advisor to assist with restructuring the Florida authority's defaulted bonds.

The City Council of cash-strapped Miami learned recently that it may be forced to pay property taxes on four parking garages nearing completion to service the Marlins' new baseball stadium, according to the Miami Herald.

BRADENTON, Fla. - A newly appointed member of northwest Florida's Santa Rosa Bay Bridge Authority has filed a complaint with the Securities and Exchange Commission, citing what he calls trading irregularities in some of the agency's $116 million of defaulted bonds.

The board overseeing the embattled Orlando-Orange County Expressway Authority on Monday accepted its executive director's resignation and reached an agreement with the Florida state government to build a long-planned beltway.

BRADENTON, Fla. - The first-ever statewide PACE program, which already has $2 billion of validated bonding capacity from a Florida court, is on an aggressive track toward implementation with the selection of nationally recognized financial advisors.

BRADENTON, Fla. - Broward County, Fla., has reached a milestone in its effort to move forward with an $800 million financing to support the $1.5 billion cost of a major runway extension and other improvements at Fort Lauderdale-Hollywood International Airport.

Florida is appealing a judge’s September ruling that struck down its attempt to privatize 29 of the state’s prisons.

Tampa-area chambers of commerce reportedly are exploring the idea of creating a regional authority to broaden the taxable base that would finance a new stadium for Major League Baseball’s Tampa Bay Rays.

The Internal Revenue Service closed its audit of $28.72 million of special assessment bonds issued by the Bartram Park Community Development District in Jacksonville, Fla., in 2005 without any changes to the tax-exempt status of the bonds.

BRADENTON, Fla.- The Florida Hurricane Catastrophe Fund is "dangerously overexposed" and should be downsized because unpredictable market conditions could prevent it from selling enough bonds to pay claims, according to the agency's executive director, Jack Nicholson.

Fitch Ratings Tuesday downgraded to A-plus from AA-minus the water and sewer bonds issued by Fort Myers.

BRADENTON, Fla. - The Orlando-Orange County Expressway Authority is under fire from Orange County Mayor Teresa Jacobs for what she describes as an aggressive financing structure that backfired.

Moody's Investors Service dropped the Orlando-Orange County Expressway Authority one notch to A2 on Tuesday, citing a lighter traffic outlook, reduced revenue support from the state, and deep exposure to variable-rate debt and swaps.