Virginia

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.

Virginia Gov. Bob McDonnell announced on Tuesday that he will recommend over $2 billion of funding for hundreds of transportation projects statewide, new money projected to come from his controversial overhaul of the commonwealth's gas and sales taxes.

Rep. Frank Wolf, R-Va., has reintroduced two bills aimed at giving Virginia control of the Metropolitan Washington Airports Authority and strengthening government oversight of the scandal-wracked issuer.

Bond-related bills pending in the Virginia House of Delegates would limit toll increases on the Dulles Toll Road and authorize the commonwealth, through authorities, to purchase and control the privately-owned Dulles Greenway.

Birmingham, Ala.-based Regions Financial Corp. has hired two new employees to expand its corporate trust group in the mid-Atlantic region.

The Virginia General Assembly will decide whether to grant itself more oversight over privatizing the state's port facilities, as well as several other bond-related questions.

Virginia Gov. Bob McDonnell has introduced his transportation plan, a major overhaul of the commonwealth's tax system that would see the state gas tax disappear in favor of higher sales taxes and other fees.

Virginia Gov. Bob McDonnell announced final agreement has been reached on a $1.4 billion public-private partnership to finance, design, and build a new 55-mile section of U.S. Route 460 in the southeastern part of the commonwealth.

Gov. Bob McDonnell informed the U.S. Department of Health and Human Services that Virginia will not be pursuing a state-based health benefits exchange for 2014.

A bill that would have authorized the Virginia Public Building Authority to issue an additional $300 million in bonds for wastewater treatment facilities died in committee.

Virginia Gov. Bob McDonnell unveiled his proposed amendments to Virginia's 2012-2014 budget, an $86 billion two-year plan he said prepares Virginia for the fiscal cliff by increasing cash reserves and flexibility and puts transportation revenue on a firmer footing.

The findings of the State Budget Crisis Task Force show that Virginia is in a stronger fiscal position than other large states, but still must begin making changes to close persistent funding shorfalls.

Standard and Poor’s assigned a BBB-minus rating to a $300 million Transportation Infrastructure Finance and Innovation Act loan for the 95 Express Lanes in Virginia.

The Virginia College Building Authority will sell nearly $400 million of highly-rated bonds in a competitive sale Wednesday, to what commonwealth officers expect will be high demand.

Two Virginia groups representing local governments have joined the opposition to Gov. Bob McDonnell's and the state Department of Transportation's plan to toll Interstate 95.

Virginia Gov. Bob McDonnell blasted the Metropolitan Washington Airports Authority after a new U.S. Department of Transportation report found numerous flaws in its policies and procedures.

Several Virginia municipalities have retained legal counsel to fight Gov. Bob McDonnell's plan to toll Interstate 95, which commonwealth officials have said could help close a $10 billion funding gap over the next 25 years.

Chesapeake, Va.'s triple-B rated toll bridge deal last Wednesday saw investors chasing yield and oversubscribing the $151 million deal by more than 12 times.

Spanish infrastructure investment giant Cintra will be the private partner on a more than $1 billion public-private partnership to develop the Route 460 Corridor project in southeastern Virginia, sources said.

A database charting new college graduate salaries in Virginia could help the credit of public universities by underscoring the value of certain degrees and encouraging efficiency, Moody's Investors Service said Friday.