Virginia

Virginia's proposed $2.1 billion project to reduce congestion on Interstate 66 can go ahead as a public-private partnership.

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.

Within hours of the Obama Administration's release of the final Clean Power Plan on Monday, opponents vowed to take legal action to block the rule while others hailed the measure.

Virginia will eliminate tolls on two tunnels under construction with $78 million saved by cancelling a P3 road project.

The Virginia Tobacco Settlement Financing Corp. must dip into reserves to make interest payments this year, bondholders were told July 16.

“Very strong” fiscal management through the recession won Stafford County, Va., a coveted general obligation bond rating upgrade to triple-A from Standard & Poor's.

Virginia ended fiscal 2015 with its largest-ever year-end surplus, according to Gov. Terry McAuliffe.

Virginia will recoup $149 million of the more than $280 million the state spent on a cancelled $1.4 billion toll road P3.

A Virginia judge approved a mediated deal June 22 that will keep Virginia's Briar College open for another year and release endowment funds.

Standard & Poor's lowered the bond ratings of Virginia’s Sweet Briar College further into junk territory June 18 due to the legal efforts to keep the institution open.

The Virginia Supreme Court is ordering a lower court to take another look at legal efforts to prevent the financially troubled Sweet Briar College from closing.

California has improved its budget practices and Virginia has enacted pension reforms, but New Jersey has been unable to get past chronic pension and budget problems, a nonprofit group found in a report released Monday.

Virginia will decide in November whether to proceed with $3 billion toll lane project as P3 or use conventional financing.

The Route 460 Funding Corp. of Virginia plans to use extraordinary redemption provisions to call $293.3 million of revenue bonds now that the state has terminated the project.

Virginia terminated its ties with a toll-road developer after spending almost $300 million on the $1.4 billion project.

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

Sweet Briar College in Virginia, which announced that it will close this year, said it will pay its bond and debt obligations after Standard & Poor's lowered its bond ratings to B-minus from BBB.

Standard & Poor's lowered its ratings on Sweet Briar College's bonds to B-minus from BBB due to a recent decision to close the central Virginia woman's college.

Raymond James has hired public finance banker Matt Palumbo to work with the firm's mid-Atlantic team in Richmond, Va.

New regulations aimed at reducing public sector risks in transportation P3s win unanimous approval from the Virginia House of Delegates.