South Carolina

Legislation before the South Carolina Legislature that proposes new pension reforms are positive for near-term funding needs, but S&P analysts believe they may be insufficient over the long term.

Legislative battles break out in South Carolina and Tennessee over proposed state gasoline tax hikes.

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.

Projects in South Carolina’s $5 billion infrastructure request includes interstate highway upgrades and harbor dredging.

Financial problems at Toshiba Corp. are credit negative for new nuclear power plants under construction at Plant Vogtle in Georgia and VC Summer in South Carolina, Moody's Investors Service said.

Issuers, borrowers, and MAs disagree that they violated state and local government series securities (SLGS) rules.

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.

Charleston County, S.C., officials cite low state road funding in asking voters for sales tax increase.

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.

A South Carolina judge has indicated that he plans to side with Richland County in its fight over the release of 1-cent sales tax revenues frozen by the state Department of Revenue amid a probe into irregular spending.

South Carolina Gov. Nikki Haley gave her assent to a bill authorizing $2.3 billion of revenue bonds for highway projects.

South Carolina Legislature approves transportation funding bill backed by $2.3 billion of road revenue bonds.

The Palmetto State should merge its state infrastructure bank into the transportation department, auditors said.

Richland County, S.C., has set aside funds to pay off a $50 million bond anticipation note amid a probe into what state officials claim are improper expenditures of revenue of a local transportation sales tax.

The South Carolina Public Service Authority’s A1 bond ratings were confirmed Tuesday by Moody's Investors Service, which cited progress on the construction of two first-in-kind nuclear units.

The South Carolina state Senate on Wednesday approved a road bill that would dedicate $400 million a year of recurring revenue to highway upgrades without raising the state’s gasoline tax.

The Internal Revenue Service is preliminarily challenging the tax-exempt status of bonds issued in December 2010 by the Three Rivers Solid Waste Authority in South Carolina to provide permanent financing for a system to treat and deliver methane gas from a landfill site to Kimberly-Clark Corp.

The South Carolina-based law firm of Pope Flynn has hired Tom Havener as a public finance tax attorney, the firm announced Tuesday.

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

South Carolina Gov. Nikki Haley asked lawmakers to raise the state's gasoline tax and cut the income tax rate.