Northeast

The New York City Transitional Finance Authority sold $900 million of future tax-secured, fixed-rate new money subordinate bonds.

The New York Energy Highway Task Force, appointed by Gov. Andrew Cuomo to implement the energy highway initiative, issued a request for information on April 11.

The city of Long Beach’s administration last week proposed an $87.9 million budget for the fiscal year 2012-2013, with roughly $4 million going toward the repayment of a portion of the 2011-2012 projected deficit.

Former Maine Turnpike Authority executive director Paul Violette has been sentenced to three-and-a-half years in prison for misusing as much as $230,000 in agency funds.

The country's largest mass transit system will go to market with $600 million of transportation revenue bonds on Tuesday, with retail pricing on Monday.

Pennsylvania's Senate will consider legislation enabling public-private partnerships for bridges and roads when it reconvenes April 30.

The state of Connecticut sold $555 million of general obligation bonds on Wednesday — one day ahead of schedule — due to favorable market conditions.

The Pennsylvania Turnpike Commission is selling $224 million of bonds to finance its payments to the Pennsylvania Department of Transportation, which finances a variety of highway, bridge and transit capital projects.

The Port Authority of New York and New Jersey is expected to pay $60.3 million to BNP Paribas Capital Services Inc. on Monday after settling on a credit swap the bank previously announced it would terminate.

The NYC TFA is scheduled to sell $900 million of fixed-rate future tax-secured bonds in two sub-series on Wednesday.