Florida

The new Florida Development Finance Corp. board on Tuesday delayed reconfirming the agency's decision to be the conduit for $1.75 billion in private activity bonds for the All Aboard Florida train project.

A bill proposing that the rates of the Florida Municipal Power Agency should be regulated by a state agency could jeopardize its credit ratings, according to Moody Investors Service.

Daytona Beach, Fla.-based Halifax Hospital plans to issue about $112 million of revenue refunding bonds boosted by two rating upgrades.

The recent rejection of Jacksonville, Fla.'s latest pension reform proposal is a credit negative, Moody's Investors Service said in an April 2 report.

Indian River County, Fla., Tuesday filed a lawsuit asking a federal judge to block the issuance of $1.75 billion in private activity bonds for the All Aboard Florida private train project.

Gov. Rick Scott has appointed three to the board of the Florida Development Finance Corp., which will issue $1.75 billion in bonds for the All Aboard Florida private train.

Faced with losing billions in federal funds for low income health coverage, Florida House and Senate Republicans are $4 billion apart on the 2016 state budget.

The Central Florida Expressway Authority won a 1.23% interest rate on a 35-year TIFIA loan Wednesday, the program's lowest-ever long-term rate, a federal transportation official said.

The Florida Hurricane Catastrophe Fund will explore using taxable munis and reinsurance to provide $2.2 billion in liquidity for the upcoming Atlantic hurricane season.

The Third District Court of Appeal in Florida has ruled that property taxes cannot be assessed against privatized military housing at the Key West Naval Air Station.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.

Indian River County, Fla., plans to file a federal lawsuit challenging the U.S. Department of Transportation's private activity bond allocation for the All Aboard Florida passenger train project.

The Central Florida Expressway Authority will close on a $193.7 million TIFIA loan March 25 as part of the financing for the Wekiva Parkway.

Florida has saved $220 million on nine refundings so far this fiscal year, and more of such deals are on tap, according to the state’s bond director.

Florida Gulf Coast University's credit outlook stabilized Monday when two rating agencies found that recent modifications to the terms of a direct bank loan lessened the institution's contingent risk.

Moody's Investors Service upgraded Miami's general obligation bond ratings to A1 from A2 because of an improving economy and the city's strengthened financial position.

The Internal Revenue Service has advised several community development districts in Florida that they may not be political subdivisions that can issue tax-exempt bonds if they do not have public electors within five years of their bonds' issuance, a bond lawyer said.

Raymond James has hired public finance banker Matt Palumbo to work with the firm's mid-Atlantic team in Richmond, Va.

The Village Center Community Development District in Florida said Monday that it disagrees with two Internal Revenue Service notices that asserted that the district's bonds are taxable.

A group opposing C's planned passenger train service says its economic analysis questions the viability of the project.