Southeast

Indian River County won’t pursue the federal litigation further, but it will proceed with a lawsuit in state court over the use of its railroad crossings.

The state prosecutor for the Jacksonville area said the probe into the city-owned utility has been turned over to the federal justice system.

The first hard evidence of how this is affecting ratings in the public finance sector came from a downgrade two months ago involving Princeton Community Hospital in West Virginia.

Jail bonds are being targeted for audits by the IRS this year with respect to whether federal government use of locally built facilities or management contracts with localities causes excessive private business use.

Neveu works in Butler Snow’s New Orleans office and has represented different issuers while focusing on affordable housing finance.

Despite opposition to tolls, Louisiana completed its P3 agreement with Plenary Infrastructure to build the Belle Chasse Bridge and Tunnel Replacement Project.

JEA terminated former managing director Aaron Zahn without cause; the city attorney’s office is investigating if Zahn should be fired for cause.

The Jacksonville, Florida-owned utility’s managing director and chief financial officer were both fired amid turmoil over a privatization process, which was canceled.

The municipal bond market eclipsed the $400 billion mark for the fourth time since 2010, thanks to taxable trend that led to a vault in fourth quarter volume.

Florida can issue $32.4 billion of bonds over the next decade, the state’s annual debt report concludes.