Maine

After proposing a toll increase in June, the Maine Turnpike Authority board is expected to make a final decision on a new toll structure Aug. 16.

The IRS is auditing $50 million in transportation infrastructure revenue bonds that the Maine Municipal Bond Bank issued in September 2008.

The Maine Turnpike Authority, operator of a primary travel corridor through southern Maine, is proposing toll increases that would raise $26.5 million to meet its present and long-term financial needs.

A $20 million bond proposal died in the Maine House on Thursday after falling short of the votes needed to override Gov. Paul LePage’s veto.

Maine Gov. Paul LePage vetoed one of five bond proposals approved by the Legislature and will let the other four go to state voters in November without his signature.

Standard & Poor's revised its outlook on Maine to stable from negative and assigned a AA to $53 million of general obligation bonds the state is scheduled to price on Thursday.

In a radio address on Saturday, Maine Gov. Paul LePage targeted a proposed $96 million bond package, saying the state must address its 2013 budget before he accepts any proposal.

Former Maine Turnpike Authority executive director Paul Violette has been sentenced to three-and-a-half years in prison for misusing as much as $230,000 in agency funds.

Moody's Investors Service affirmed the A1 rating on Jackson Laboratory's fixed-rate series 2007 revenue bonds, issued through the Association of Bay Area Governments Finance Authority for Nonprofit Corporations, with a stable outlook.

The Maine Municipal Bond Bank is expected to sell about $17 million of sewer and water revenue refunding bonds under its wastewater state-revolving fund program on March 19.

After receiving rating upgrades from Standard & Poor's, the Maine Turnpike Authority is set for its negotiated sale on Monday of $68.8 million of Series 2012A turnpike revenue bonds and $70 million of Series 2012B revenue refunding bonds.

WASHINGTON — The Internal Revenue Service is auditing $31.59 million of Series 2004A first mortgage revenue bonds that were issued by the St. Johns County Industrial Development Authority in August 2004 to help Presbyterian Retirement Communities Inc. and its affiliates finance improvements to eight retirement centers in Florida.

Maine Gov. Paul LePage wants voters to approve all bonds backed by the state's moral obligation pledge.

The Maine Municipal Bond Bank has scheduled a bond sale for the week of April 25, its board confirmed Thursday.

Former Maine Turnpike Authority executive director Paul Violette has settled a civil lawsuit over allegations that he used agency funds for personal benefit, agreeing along with two surety bonding providers to pay back damages totaling $430,000.

Looking to borrow money at a better interest rate, a nonprofit retirement community has asked Rockland for a municipal revenue bond to build a $7 million, 24-unit extension.

Maine needs a strong bond package in 2012 to fix its crumbling infrastructure, said the legislative director at the Maine Center for Economic Policy.

Fitch Ratings assigned a AA to the Maine Health and Higher Educational Facilities Authority's $37.25 million of Series 2011C revenue bonds, which are expected to sell by negotiation this week.

Voters in Cumberland County, Maine, Tuesday will vote on a 25-year, $33 million bond plan to renovate the Cumberland County Civic Center in Portland.

Waldoboro citizens will vote Tuesday on the proposed refinancing of $1.15 million of water department bonds.