Southeast

An Internal Revenue Service memorandum that would render a community development district's bonds taxable should not be retroactive because a House committee last year urged guidance on political subdivisions be prospective, the CDD's lawyer said.

After 42 years at Moody's Investors Service, John Incorvaia is retiring after spending most of his analytical career covering Florida. April 30 is his last day on the job.

A second federal lawsuit has been filed challenging the private activity bond financing for the All Aboard Florida train project; the latest suit comes from Martin County, Fla.

The Florida House of Representatives abruptly ended their session Tuesday afternoon following a standoff with the Senate over Medicaid expansion. The session was to run through Friday.

Last week's aborted Louisiana State University bond deal stemmed from what an analyst called a “shell game” in which state lawmakers try to balance budgets by cutting aid to localities.

The Athens-Clarke County Unified Government in Georgia won two rating upgrades ahead of pricing $208 million of water and sewerage revenue bonds.

The Route 460 Funding Corp. of Virginia plans to use extraordinary redemption provisions to call $293.3 million of revenue bonds now that the state has terminated the project.

Moody's Investors Service changed the outlook to positive just ahead of a $225.8 million deal by the Florida Department of Transportation to pay for turnpike improvements.

Louisiana State University on Friday pulled a $114.5 million bond offering that had priced two days earlier after investors withdrew from the deal when concerns emerged over the institution’s financial status.

The Kentucky International Convention Center will close for two years to complete a $180 million bond-financed expansion within the facility's existing footprint.