North Carolina

Cuts in U.S. Army ranks could pose a long-term risk to military housing bonds, though the most recent round should not affect ratings in the short-term, according to Fitch Ratings.

North Carolina joined several states this week entering extended legislative sessions to finish work on budgets for fiscal 2016, which began July 1.

North Carolina reached agreement with conservation groups June 15 that will allow the state to replace the 50-year-old deteriorating Bonner Bridge.

The North Carolina Eastern Municipal Power Agency received the Local Government Commission’s authorization Wednesday to issue $550 million of new taxable bonds for its asset sale to Duke.

A North Carolina anti-toll group wants a judge to proceed with its lawsuit in an attempt to stop the state’s Interstate 77 toll project for which the P3 contract was finalized May 20.

Moody's Investors Service downgraded WakeMed, N.C.'s bonds to A2 from A1 due to its weakened financial performance.

Work on North Carolina’s Interstate 77 express toll lane project will begin this summer with a lawsuit pending and over recent objections filed by some communities.

The Internal Revenue Service had raised concerns about certificates of participation sold in 2003 to finance student housing at Western Carolina University, but ultimately closed the audit with no change to the COPs’ tax exemption.

The North Carolina DOT picked a consortium headed by Cintra Infraestructuras S.A. to build a 26-mile express toll lane project.

North Carolina residents would decide in a statewide referendum this October or November if they want the state to issue $3 billion in general obligation bonds, according to a bill filed April 16

Governor Pat McCrory signed a bill authorizing North Carolina Eastern Municipal Power Agency's asset sale to Duke Energy.

North Carolina Gov. Pat McCrory has recommended a combined $102.7 billion state budget for fiscal 2016 and 2017, along with up to $2.8 billion in bond financing.

Standard & Poor's lowered its ratings on the general revenue bonds of the University of North Carolina at Charlotte to A-plus from AA-minus because of increased borrowing.

North Carolina Gov. Pat McCrory plans to ask legislators for $2.6 billion in separate bond programs to fix neglected buildings and fund strategic road.

Opponents of North Carolina's plan to toll portions of Interstate 77 north of Charlotte have filed a lawsuit in an attempt to block the express-lane project.

The Charlotte, N.C., City Council agreed to restructure two non-recourse bank loans obtained as part of the financing to build the NASCAR Hall of Fame.

The Federal Energy Regulatory Commission approved Duke Energy's $1.2 billion purchase of the North Carolina Eastern Municipal Power Agency's generating assets.

Charlotte, N.C., wants the FAA to settle a lengthy governance dispute between local and state officials over Charlotte Douglas International Airport.

South Florida's Broward County School District wants voters to OK $800 million in GO bonds on Nov. 4, which leads a slate of referendums on ballots across the Southeast.

The N.C. Eastern Municipal Power Agency's outlook is positive due to the pending sale of its assets to Duke Energy Progress, Moody's said.