North Carolina

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.

The North Carolina Council of State Tuesday approved issuing $200 million of the $2 billion in general obligation bonds that voters approved in March; the deal will be sold in late July.

Voters in Wake County, N.C., will decide in November whether to approve a 0.5% increase in the local sales tax to fund a 10-year, $2.39 billion transit plan to reduce highway congestion in the Raleigh area.

The North Carolina House voted 81-27 Thursday to cancel the Interstate 77 toll road project and send the bill unwinding the state’s first public-private partnership to the Senate.

The North Carolina House Transportation Committee on Wednesday passed House Bill 954, which would unwind the state’s $648 million Interstate 77 project with Cintra Infraestructuras SA.

The Fayetteville Public Works Commission will auction $110.8 million of revenue bonds in what is still a rare competitive deal for a North Carolina issuer, one that it accelerated to beat the Fed's expected tightening.

Two rating agencies flagged North Carolina’s implementation of House Bill 2 in upcoming bond offerings amid a national controversy over the law seen by some as discriminatory towards the LGBT community.

A year after North Carolina inked its first public-private partnership with I-77 Mobility Partners, lawmakers have filed bills to terminate the $648 million pact amid investigations into the deal.

North Carolina Gov. Pat McCrory recommended a 2.8% increase in state spending for fiscal 2017 as part of the $54.6 billion budget he submitted to lawmakers Wednesday.

Veteran bond attorney Mary Nash Rusher has joined McGuireWoods LLP as a partner in the firm’s Raleigh, N.C., office.

North Carolina Gov. Pat McCrory’s $2 billion “NC Connect” bond referendum won easily Tuesday, when Republican voters also nominated him for a second term.

If North Carolina voters allow the state to issue $2 billion of general obligation bonds it could signal a shift in sentiment about tax-backed debt issuance, according to Fitch Ratings.