Kentucky

Standard & Poor's Tuesday revised its outlook to positive from stable on the A rating of Western Kentucky University's 2002 and 2003 consolidated educational buildings revenue bonds.

BRADENTON, Fla. — The Kentucky Asset/Liability Commission Wednesday expects to price $269.7 million of taxable notes, though the timing of the sale depends on another major taxable deal that may hit the market this week.

BRADENTON, Fla. — A plan to cut $500 million of costs from the $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project has triggered the need for additional federal environmental studies.

BRADENTON, Fla. — A $500 million cost-cutting proposal for the $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project could result in a review of federal approvals for the mega-project, a Kentucky transportation spokesman said.

BRADENTON, Fla. — Lewis Diaz, a bond attorney with Peck, Shaffer & Williams LLP, has been appointed to a three-year term on the finance and administration committee of the Northern Kentucky Area Development District.

Tax-exempt toll revenue bonds and public-private partnerships may be used to finance the $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project.

BRADENTON, Fla. — The Kentucky State Property and Buildings Commission is selling $315 million of revenue bonds next week, with most of the deal structured as taxable Build America Bonds.

Kentucky reaped more savings than anticipated in Wednesday's $468 million taxable note sale in which underwriters created a new index-eligible term bond structure to entice investors who typically aren't interested in maturities less than 10 years.

BRADENTON, Fla. — The Kentucky Asset/Liability Commission on Wednesday expects to price $468 million of taxable notes to refinance obligations the state owes to the Teachers’ Retirement System for medical benefits.

BRADENTON, Fla. — Boosted by the popularity of Build America Bonds and refunding opportunities, issuers in the 11 states that comprise the Southeast region sold $34.5 billion of municipal bonds in the first half of 2010, up 7.4% over the same period last year.

BRADENTON, Fla. — Kentucky officials hope a popular federal loan guarantee program will be the catalyst to resume construction of a $465 million, 62-story skyscraper on the banks of the Ohio River in downtown Louisville that has been stalled by the credit crisis.

BRADENTON, Fla. — In its first municipal bond deal in two years, the Kentucky Higher Education Student Loan Corp. today will price $225 million of revenue bonds to take out a portion of its auction-rate securities.

BRADENTON, Fla. — The Kentucky Turnpike Authority plans to begin pricing $334.2 million of new-money and refunding revenue bonds Monday for in-state retail investors. Final pricing is expected Tuesday.

BRADENTON, Fla. — The Kentucky General Assembly yesterday began what is expected to be a week-long special session attempting to break an impasse over the biennial budget and appropriate funds for upcoming debt-service payments.

BRADENTON, Fla. — Kentucky Gov. Steve Beshear forwarded a proposed budget for 2010-2012 on Wednesday that he hopes the General Assembly will adopt in a five-day special session later this month.

BRADENTON, Fla. — Kentucky Gov. Steve Beshear is warning that the Legislature’s failure to adopt a budget could lead to a shutdown of government for the first time in the state’s history.

BRADENTON, Fla. — Kentucky ended its annual legislative session Thursday night without passing a budget for the biennium, which begins July 1. The state is facing a $1.5 billion shortfall over the next two years.

The Louisville and Southern Indiana Bridges Authority meets today to continue working on a $4.1 billion plan of finance to build two new bridges across the Ohio River between the two states, and to reconfigure a major intersection in Louisville. The bi-state agency's agenda will include discussion about the selection of an advisory team.

BRADENTON, Fla. — On the heels of an upgrade for its Garvees, Kentucky tomorrow plans to sell $90 million of the debt for work related to its share of the massive $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project.

Kentucky's general fund receipts fell 3.3% in January compared to January 2009, a decrease of $23.9 million.