North Carolina

The North Carolina Retirement Systems' pension fund benefitted from investments in bonds to return 2.21% for the year, State Treasurer Janet Cowell said Friday.

Municipal bond issuance in the Southeast during the first half of this year was up by 57% to $34 billion - nearly the same amount that was lost between 2011 and 2010.

The Federal Highway Administration put the brakes on North Carolina's second toll road this week and rescinded its approval of the Monroe Connector/Bypass project for which three tranches of bonds have been sold.

A Federal appeals court refused a rehearing on its decision to reject federal permits for North Carolina's Monroe Connector toll road.

On Monday North Carolina gained a budget but as of Tuesday afternoon Massachusetts and South Carolina remain without valid fiscal year 2013 budgets.

Though the new fiscal year has started, Massachusetts, North and South Carolina still lacked fiscal year 2013 budgets on Monday afternoon.

Delaware, Illinois, Massachusetts, New Jersey, North Carolina, Pennsylvania and South Carolina are about close to blowing a deadline for adopting a fiscal 2013 budget.

Seven States are two and a half day away from blowing a Saturday deadline for adopting a fiscal year 2013 budget.

BRADENTON, Fla. — After the sale of $673 million of bonds to finance most of North Carolina's second toll road — the 19.7-mile Monroe Connector — the project has stalled.

BRADENTON, Fla. — After a successful and rare competitive deal last year, Appalachian State University in northwestern North Carolina this week plans to competitively sell $25.8 million of general revenue refunding bonds.

BRADENTON, Fla. — With solid financials and resiliency during the recession, Charlotte Douglas International Airport is in the midst of a $511 million multi-year capital program.

The North Carolina Turnpike Authority has received final federal approval of the route for the Garden Parkway, a 22-mile, limited-access toll road.

The North Carolina Insurance Underwriting Association may explore using tax-exempt bonds to pay future claims, according to the Wilmington Star News.

Parker Poe Adams & Bernstein LLP recently promoted Rebecca Joyner to partner in its Raleigh, N.C., office.

North Carolina’s first female governor will not seek a second term.

Moody’s Investors Service has downgraded the Piedmont Triad Airport Authority to A3 from A2.

The North Carolina Department of Transportation closes on a $145.5 million deal believed to be the first of its kind to use stand-alone, grant anticipation revenue vehicle bonds as interim financing.

The North Carolina Turnpike Authority expects to sell $220 million of state appropriation revenue bonds in a two-day sale this week.

A North Carolina subcommittee was to meet for the first time this week to “study potential options to provide relief to customers of the joint municipal power agencies from high electric rates.”

BRADENTON, Fla. - The North Carolina Turnpike Authority expects to move forward as soon as possible with the remainder of the financing for its second toll road following Tuesday's final judgment in a federal case that stalled the project for nearly a year.