Indiana

Investors who hold some of the $4.5 billion of revenue bonds issued for the controversial Prairie State Energy Project can take heart that the project's long-term economics remain favorable for participating public power agencies despite cost overruns, says Moody's Investors Service.

Kentucky and Indiana settle the 2009 federal lawsuit by two nonprofit groups that could have derailed the $2.6 billion Ohio River Bridges Project. A second federal complaint is still pending.

The Indiana Finance Authority finalized its agreement and reached commercial close on a deal with WVB East End Partners to design and build the state's part of the massive bi-state Ohio River Bridges Project.

Indianapolis will start the new year with a $42 million double-A rated bond deal should put the finishing touch on its massive $754 million public safety net hospital replacement.

After months of debate, Carmel, Ind. last week refinanced $186 million of debt for a concert hall and theater. The city's total interest cost was 3.24% on the mix of taxable and tax-exempt bonds, with net present value savings of $55 million.

The Indiana Finance Authority is selling $1.26B of Midwestern Disaster Area Bonds, in the special private activity bond program's largest issuance to date and one of two such deals this week for new fertilizer plants.

The Wayne County, Ind., Council approved the issuance of $50 million of tax-exempt private-activity bonds on behalf of a food-processing company.

Attorney Greg Clark takes over as the manager of the Indianapolis Local Public Improvement Bond Bank after director Deron Kintner left last August.

Indiana floated a request for interest for firms looking to partner with the state on a new section of Interstate 69, which is the latest in a series of P3 transportation projects the state has undertaken.

Kentucky has chosen Walsh Construction Co. to build the so-called “downtown crossing,” Kentucky’s share of the massive Ohio River Bridges Project.

Indiana taxpayers will get a $111 credit on their income-tax returns next year thanks to a new law that requires a taxpayer refund if the state’s surplus totals more than 10% of the budget.

A group pushing for development of a $1.3 billion regional mass-transit system in two central Indiana counties renewed their push last week, urging lawmakers to approve a voter referendum.

The Indiana Finance Authority selected a P3 team led by Walsh Investors for its half of the $2.6 billion Ohio River Bridges project that is a joint effort between the Hoosier State and Kentucky.

Indiana’s chief budget official Adam Horst announced last week he is leaving the post to join Indiana University Health after less than a year on the job.

A small, fast-growing Indiana city that needs money for capital projects sold its water and sewer systems for $91M in cash to the same utility that bought Indianapolis' systems for $1.9B last year.

Indiana budget officials reported that general fund revenues increased 4% through October from the start of fiscal 2013, nearly double the most recent forecast.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

Jeffersonville, Ind. last week approved a third and final resolution to issue up to $50 million of bonds for wastewater projects.