Virginia

Northern Virginia Transportation Authority will sell $69 million of revenue bonds to finance regional transportation infrastructure.

Virginia Transportation Secretary Aubrey Layne says new P3 rules remove the mystery from the selection process.

Virginia's Commonwealth Transportation Board tightens the rules on how the state deals with public-private partnerships.

Virginia lawmakers likely will reverse a plan to kill a $50 million transfer to the state's transportation fund that imperiled a proposed $100 million road bond issue.

The Virginia Tobacco Settlement Financing Corp. won't have to dip into reserves this year thanks to a settlement with bankrupt Lehman Brothers.

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.

Virginia officials would have to notify lawmakers about potential risks of new transportation P3 agreements under proposed guidelines.

Fluvanna County, Va.'s three-year legal tussle with Davenport & Co., has come to a close after the county's Board of Supervisors accepted an offer from the firm to drop its pursuit of $1.6 million in legal fees in exchange for an end to the suit and a public statement by the board retracting the claims it made against Davenport.

Virginia lawmakers will consider a budget amendment to ensure new spending cuts do not imperil a planned $100 million road bond issue.

Metropolitan Washington Airports Authority closes on a $1.3 billion federal loan to complete the final 11 miles of a light-rail line to Dulles International Airport.

Virginia is expected to have a nearly $2.4 billion revenue shortfall from fiscal 2014 to 2016, the commonwealth's governor, Terry McAuliffe, said Friday.

Southeast municipal bond issuers sold $21.78 billion of debt in the first six months of the year, a 31.4% decline driven by fewer taxable and refunding deals.

Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.

Virginia is working on a plan to reduce severe congestion on Interstate 66 that could cost as much as $3 billion.

Virginia ended fiscal 2014 with a general fund with a shortfall of $438.5 million, according to preliminary revenue collection figures.

Standard & Poor's downgraded Petersburg, Va.'s general obligation rating four notches to BBB from A-plus citing weak budgetary flexibility and liquidity.

Virginia's general fund revenue collections dropped by 20.7% in May, the largest one-month decline in 13 years, according to state officials.

The Virginia Tobacco Settlement Financing Corp. plans to draw on reserves Dec. 1 because revenues won't be sufficient to pay debt service.

Moody's said $2 billion in federal loans for a commuter train service extension into Virginia's Fairfax and Loudoun counties is a credit positive.

Virginia has joined a program to reform the state's economic development incentive programs to deliver the strongest results at the lowest possible cost.