Florida

The Florida Development Finance Corp. postponed a June 10 meeting that was scheduled to consider the bond resolution for All Aboard Florida’s $1.75 billion of private activity bonds.

Miami-Dade County hired Kroll Bond Rating Agency, believing its analysis can help attract investors to next week's $534 million bond issue for Miami International Airport.

The Florida Development Finance Corp. will meet June 10 to consider All Aboard Florida’s $1.75 billion bond resolution, though project opponents have questioned if the meeting would be legal.

Sponsors of a high-speed passenger rail train project in Florida want an authority to issue $1.75 billion of private-activity bonds for it as soon as June 22, while a U.S. District Court considers requests from two counties to enjoin or stop the Transportation Dept.’s allocation of the PABs to the project.

Standard & Poor's said Friday that it would be “unprecedented and significant” if triple-A rated Florida failed, for the first time ever, to adopt a state budget on time.

A federal judge hears arguments Friday on whether the private All Aboard Florida passenger train project can issue $1.75 billion in private activity bonds.

The Florida Legislature will attempt to bridge an impasse over low income healthcare funding that has left the state without a fiscal 2016 budget and facing a government shutdown.

Orange County, Fla., plans to competitively price a $170 million tourist tax refunding deal Thursday that comes to market with three rating upgrades due to substantial growth in hotel revenues.

New service and a rebound in passengers at Orlando International Airport have expedited planning for a new $1 billion terminal.

The Central Florida Expressway Authority plans to issue $193 million in bond anticipation notes to provide interim financing for work on the Wekiva Parkway.

The Central Florida Expressway Authority selected insider Laura Kelley to become the agency’s first female executive director.

Florida's Citizens Property Insurance Corp. officials say they hope two rating upgrades will help expand the investor base for this week's pricing of $1 billion of senior revenue bonds.

Florida Gov. Rick Scott has ordered state agencies to prepare lists of "critical state funding needs" in the event there is a government shutdown on July 1 amid an impasse over the state's fiscal 2016 budget.

Florida’s private passenger train developer has hired Miami-based contractor Archer Western to upgrade a 66-mile segment of rail infrastructure between Miami and West Palm Beach.

The Internal Revenue Service has closed audits with no changes to $1.38 billion of Build America Bonds issued by the New Jersey Turnpike Authority in 2009 and bonds from a $26.56 million mortgage revenue and refunding issue sold by Lakeland, Fla. in 2008.

The developer of the private All Aboard Florida passenger train expects to complete the project even if it cannot benefit from $1.75 billion in tax exempt private activity bonds, according to documents filed in federal court.

Florida Supreme Court justices heard oral arguments May 7 in two appeals challenging the Florida Development Finance Corp.’s validation of $2 billion in bonds for a PACE program; one appeal says Florida’s PACE law is unconstitutional.

Attorneys for All Aboard Florida told a federal judge that the private passenger train owners could close on $1.75 billion in tax exempt private activity bonds around June 8.

The Internal Revenue Service should withdraw or alter a controversial 2013 memorandum relating to the definition a political subdivision, provide interim guidance, and propose new rules that apply prospectively, the tax-exempt financing committee of American Bar Association's taxation section said.

Jacksonville, Fla., will hire a forensic specialist to audit the city's severely underfunded Police and Fire Pension Fund.