North Carolina

The National Collegiate Athletic Association said Tuesday that its games can return to the Tar Heel State after the recent repeal of a law seen as discriminatory to gays and transgender people.

North Carolina Gov. Roy Cooper began his first State of the State address urging lawmakers to fully repeal a state law passed in 2016 that is seen as discriminatory toward gay and transgender people.

Gov. Roy Cooper received quick pushback from North Carolina’s GOP-led General Assembly to his first budget, which proposes 4.5% in more state spending in fiscal 2018 as well as expanding Medicaid.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

North Carolina’s $38 billion of unfunded pension and retiree healthcare costs led a key committee to advise raising the state’s debt capacity and increasing annual funding to address the liabilities.

The bonds of 16 affordable housing properties affiliated with Global Ministries Fellowship were downgraded by S&P Global Ratings, sending 14 more of the credits to junk.

North Carolina Gov. Roy Cooper took office Jan. 1 amid political turmoil that prompted him to file a lawsuit challenging a recently passed law restricting his election board appointments.

North Carolina Gov. Pat McCrory called on lawmakers to hold a special session Dec. 13 to address Hurricane Matthew relief efforts. On Monday, he conceded to losing his reelection bid after challenging some balloting results.

In Tuesday’s election, North Carolina and West Virginia got new governors while the region also saw the passage of bond-related measures, including big-ticket transportation initiatives.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

Charlotte, N.C., will buck a recent trend and keep embattled Wells Fargo Securities on its sale of up to $150 million of general obligation bonds, saying the investment bank has served the city well.

Investment firms and public pension managers called for North Carolina to repeal a law seen as discriminatory to gay, bisexual, and transgender people, saying that it does not bode well for the triple-A rated state.

Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.

Municipal bonds issued for Tennessee-based Global Ministries Foundation housing projects were placed on S&P Global Ratings' CreditWatch and could face rating downgrades because of uncertainty related to a federal investigation.

North Carolina's $87.6 billion state pension fund reported a gain of 1.77% in the second quarter, but only 0.8% over the past year, state Treasurer Janet Cowell said Thursday.

The NBA blamed a law passed by North Carolina seen as discriminatory toward the LGBTQ community for its decision to yank the 2017 All-Star Game out of Charlotte.

North Carolina Gov. Pat McCrory signed the 2017 budget bill into law, increasing the general fund by 2.8% to give teachers raises, cut state income taxes, and bring reserves to an all-time high.

A bill in the North Carolina General Assembly would ask voters to lower the income tax rate to 5.5% from 10%, a move that opponents say would restrict budget flexibility and jeopardize the state's triple-A ratings.

North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.

North Carolina’s Fayetteville Public Works Commission auctioned $114.4 million of 25-year bonds on Wednesday, resulting in yields lower than the utility’s last foray into the market two years ago.