North Carolina

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.

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

North Carolina voters decide March 15 if North Carolina can issue $2 billion of general obligation bonds to finance higher education and state capital projects.

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Managing a successful transportation P3 requires political support and public approval from the beginning of the process, experts say.

Newly minted gilt-edged Union County, N.C., plans to make rare appearances in the bond market this week and in December offering investors high-grade paper options.

North Carolina Gov. Pat McCrory signed House Bill 943 into law setting March 15 as the date voters will decide whether the state can issue $2 billion of bonds for public improvements.

North Carolina legislators passed the $2 billion Connect NC Bond Act before adjourning a record nine-month session on Wednesday.

The North Carolina House passed the state budget for the 2016-2017 biennium just after midnight on Sept. 18; Gov. Pat McCrory later signed it into law.

North Carolina legislators have unveiled a compromise general fund budget for the 2016-2017 biennium with final votes slated this week in order to send it to the governor by Friday.