Southeast

Attorneys for All Aboard Florida told a federal judge that the private passenger train owners could close on $1.75 billion in tax exempt private activity bonds around June 8.

Madison County, Miss., disputes its obligation to backstop some public improvement district bonds in a lawsuit with Radian Asset Assurance Inc.

The Internal Revenue Service should withdraw or alter a controversial 2013 memorandum relating to the definition a political subdivision, provide interim guidance, and propose new rules that apply prospectively, the tax-exempt financing committee of American Bar Association's taxation section said.

Louisiana plans to move forward with the competitive issuance of $335 million in general obligation bonds amid ongoing questions surrounding the state’s budget deficit.

The North Carolina DOT picked a consortium headed by Cintra Infraestructuras S.A. to build a 26-mile express toll lane project.

Standard & Poor's upgraded Jefferson County, Ala.'s limited-obligation school warrants two notches to A-minus from BBB.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

Louisiana State University emphasized that it is not filing for bankruptcy; the school was criticized for a clumsy explanation of its financial position, leading to cancellation of a bond deal.

Uncertainty about Louisiana's higher education funding led Standard & Poor's to place five institutions on negative CreditWatch on April 28.

Jacksonville, Fla., will hire a forensic specialist to audit the city's severely underfunded Police and Fire Pension Fund.