South Carolina

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.

The South Carolina Chamber of Commerce wants a $600 million increase in annual transportation funding.

Agreements settling construction disputes over new nuclear units in Georgia and South Carolina are positive credit factors for the public and private owners of the projects, according to Moody's Investors Service.

South Carolina’s Tuomey Healthcare System has negotiated a reduced settlement of $72.4 million with the Justice Department for filing 21,000 false Medicare claims.

As South Carolina recovers from severe storms and floods, state and local governments are positioned financially to weather the aftermath with minimal credit impact, said Moody's Investors Service.

Issuers in the Southeast sold $41.56 billion of bonds in the first half of 2015, an 85% increase in year-over-year volume fueled by refundings and a slight uptick in new-money sales.

Volvo Car Corp.’s selection of Berkeley County, S.C., to locate its first U.S. factory is a credit positive for the county and the state, Moody's Investors Service said.

Moody's Investors Service lowered its general obligation bond ratings for Clarendon Hospital District, S.C., to Baa2 because of its narrow cash position.

South Carolina-based Pope Zeigler has changed its name to Pope Flynn LLC following the departure of Belton Zeigler, a founder of the firm.

Raymond James has hired banker Todd Barnes to join the firm's public finance group in Atlanta, and to focus on issuers in Georgia and South Carolina.

New construction delays on nuclear units in South Carolina and Georgia are prompting reviews of potential credit impacts on public power utilities involved in the projects.