Southeast

Volvo Car Corp.’s selection of Berkeley County, S.C., to locate its first U.S. factory is a credit positive for the county and the state, Moody's Investors Service said.

Florida’s private passenger train developer has hired Miami-based contractor Archer Western to upgrade a 66-mile segment of rail infrastructure between Miami and West Palm Beach.

The Internal Revenue Service has closed audits with no changes to $1.38 billion of Build America Bonds issued by the New Jersey Turnpike Authority in 2009 and bonds from a $26.56 million mortgage revenue and refunding issue sold by Lakeland, Fla. in 2008.

Louisiana, grappling with a $1.6 billion budget deficit that could hit its colleges and universities, has already cut state higher education funding by more than all but one other state, a study found.

The developer of the private All Aboard Florida passenger train expects to complete the project even if it cannot benefit from $1.75 billion in tax exempt private activity bonds, according to documents filed in federal court.

Jefferson County, Ala., officials traveled to New York to meet the “financial community” and rating agencies on the county’s progress since existing bankruptcy.

An Atlanta City Council committee will hold a May 18 public hearing and virtual town hall meeting on the $1.97 billion fiscal 2016 budget to ask residents about their thoughts on spending priorities.

Standard & Poor's on May 5 revised its outlook to negative on Atlanta’s Morehouse College bonds due to declining enrollment and increasing operating pressure.

The Tennessee State School Bond Authority closed on a bond offering May 7 that saved the state $12.9 million in addition to financing construction projects at colleges and universities.

Florida Supreme Court justices heard oral arguments May 7 in two appeals challenging the Florida Development Finance Corp.’s validation of $2 billion in bonds for a PACE program; one appeal says Florida’s PACE law is unconstitutional.