Kentucky

The Kentucky State Property and Buildings Commission plans to price $663.5 million of new and advance refunding bonds Tuesday, starting with a retail order period.

In the Southeast, pent-up need for capital and low interest rates translated into a five-year high for bond issuance in 2015.

The Nelson County Public Library District in Kentucky plans to competitively price $1.6 million of general obligation refunding bonds on Tuesday.

Hillview, Ky., and its largest creditor, Truck America, will undergo new court-ordered mediation after conducting settlements talks that failed to resolve a $15 million claim against the city, which has filed for bankruptcy.

State governors and other public officials who warned that new Environmental Protection Agency regulations could cause significant economic harm to their states and localities are hailing the Supreme Court’s decision to place a stay on the EPA’s plan.

Hillview, Ky., and its largest creditor, Truck America, have entered settlement talks over a judgment as U.S. Bankruptcy Judge Alan C. Stout continues considering whether the city is eligible for bankruptcy.

Gov. Matt Bevin rejected the idea of issuing pension obligation bonds as he released his first budget, saying the two-year plan does not raise taxes but impose spending cuts in order to pay more for the state’s pensions.

A court’s refusal to block the federal Clean Power Plan rule is a credit negative for big coal-fired generators, cities that issued bonds to finance units, and for coal-dependent states, Moody's Investors Service said.

Rep. Brad Montell, R-Shelbyville, wants the Bluegrass state to study municipal bankruptcy laws around the country, and determine if the state should institute an oversight program.

Kentucky legislators are expected to focus on keeping promises to the state’s retirees as they manage massive pension burdens and attempt to protect the state's credit ratings next year.