Southeast

As Louisiana lawmakers remain at odds with the governor over program funding as the state faces an even higher deficit estimate.

Kentucky Gov. Matt Bevin restructured the state pension board as a state agency, saying the move was necessary to achieve greater transparency and better administration.

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.

Wilmington Trust opened a new office in Birmingham, Ala., as part of an expansion of its corporate trust services in the Southeast; six new employees will offer trust and escrow services.

Hoping to avoid a state government shutdown July 1, the GOP-led West Virginia Legislature approved a new 2017 budget Tuesday that Gov. Earl Ray Tomblin is expected to sign.

Buena Vista, Va., was sued by bond insurer ACA Financial Guarantee Corp., which says the city breached its forbearance agreement and stopped making “moral obligation” payments on bonds issued to construct a golf course.

Virginia’s Commonwealth Transportation Board used objective criteria to develop a six-year, $14.4 billion transportation plan.

Florida Gov. Rick Scott has appointed nine people, including six top level state employees, to take charge of Opa-locka’s finances while the city is in a state of financial emergency.

A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.