Georgia

BRADENTON, Fla. — Georgia Gov. Sonny Perdue Thursday said the state could not refinance $424.4 million of transportation debt because the board that oversees road projects has voted to ­maintain accounting practices that violate state law.

BRADENTON, Fla. — Georgia Gov. Sonny Perdue on Friday unveiled budget cuts for the current fiscal year and proposed an $18.2 billion budget for fiscal 2011 that includes $900 million of debt issuance.

Moody's Investors Service on Tuesday downgraded DeKalb County's $471 million of outstanding general obligation unlimited-tax backed and parity debt, issued through various public authorities, to Aa1 from Aaa.

BRADENTON, Fla. — Atlanta elected a new mayor after a recount and took steps to make the city eligible to sell $34 million of Recovery Zone facility bonds allocated by the American Recovery and Reinvestment Act.

BRADENTON, Fla. — The Georgia Department of Transportation plans to offer its first public-private partnership concession earlier than planned next year with two metro Atlanta interstate highway projects estimated to cost more than $2 billion.

Gilt-edged Georgia has refinanced approximately $658 million of its outstanding general obligation bonds at lower interest rates that will save the state more than $35 million of debt service, including $18.3 million in the state’s current fiscal year, Gov. Sonny Perdue announced.

The Atlanta City Council on Monday unanimously approved a new lease with Delta Air Lines at Hartsfield-Jackson Atlanta International Airport.

WASHINGTON — The Georgia Department of Transportation is poised to launch a public-private partnership initiative it hopes will encompass 17 projects, including a multimodal passenger terminal in Atlanta, connector highways, toll roads and privatized highway rest stops.

BRADENTON, Fla. — Georgia next week plans to bring $700 million of new-money and refunding general obligation bonds to market. As much as $400 million of the offering is expected to sell as the state’s first taxable Build America Bond transaction.

Atlanta officials announced Friday that in preparation for the upcoming sale of debt for Hartsfield-Jackson Atlanta International Airport, a due-diligence review found a number of errors in classifying expenses dating back to 2003.

BRADENTON, Fla. — Atlanta today expects to price $433.4 million of fixed-rate water and sewer revenue refunding bonds in one of the larger deals of its kind in this holiday-shortened week.

Atlanta Mayor Shirley Franklin said Monday that she has recommended the City Council approve legislation that would extend the lease between Hartsfield-Jackson International Airport and Delta Air Lines covering gates and other space for seven years, ensuring that the world’s busiest airport does not lose its largest hub airline.