Southeast

Faltering projects designed to boost the economy can expose municipalities to the perils of backing such ventures, Moody's Investors Service said in a commentary.

The Greater Orlando Aviation Authority prices $215.15 million of bonds subject to the alternative minimum tax on Wednesday to support Orlando International Airport's $3 billion capital plan.

The Tennessee Valley Authority said it priced $1 billion of 50-year global power bonds on Sept. 21 at an all-time low interest rate of 4.25%.

Florida-based Adventist Health System agreed to pay $118.7 million to settle allegations that it had physician referral agreements that violated the federal False Claims Act.

The trustee for the Santa Rosa Bay Bridge Authority’s defaulted toll bridge bonds wants to sue the state if enough bondholders step forward to authorize the legal challenge.

Hillview, Ky., filed for bankruptcy last month under the weight of a $15 million court judgment; objections to the city’s petition are due by Oct. 1.

The North Carolina House passed the state budget for the 2016-2017 biennium just after midnight on Sept. 18; Gov. Pat McCrory later signed it into law.

The Alabama Legislature late Wednesday approved a state budget for the fiscal year that begins Oct. 1 after making structural changes aimed at stabilizing the general fund.

The North Broward Hospital District in Florida will pay the federal government $69.5 million to settle allegations that it violated the False Claims Act, according to the Justice Department.

Shreveport, La.’s general obligation bond rating was dropped to A2 from A1 by Moody's Investors Service due to weak liquidity and the use of reserves.