Southeast

The Kentucky General Assembly adjourned March 25 without passing a major funding bill for the Teachers’ Retirement System, potentially imperiling the Bluegrass state’s credit rating.

Kentucky Gov. Steve Beshear has signed a bill strengthening oversight of state’s pension systems, including the teacher’s retirement plan and its $14 billion in liabilities.

Tobacco bonds may be on their way to the biggest volume since 2007, led by Wednesday's $1.7 billion sale from California, as issuers refinance amid a decline in smoking that's cut deeply into revenue.

In a letter to the National Governor’s Association, Kentucky’s Mitch McConnell urged states not to implement the EPA’s Clean Power Plan until it is tested in court.

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

Kentucky’s Paducah Power System dropped Fitch Ratings after getting a higher rating from Standard & Poor's.

The Third District Court of Appeal in Florida has ruled that property taxes cannot be assessed against privatized military housing at the Key West Naval Air Station.

Voters in Atlanta Tuesday overwhelmingly approved issuing $252 million in general obligations bonds to address critical capital infrastructure needs.

Boosted by a rating upgrade, the University of Kentucky plans to competitively issue $281.7 million in new and refunding bonds Tuesday for the UK HealthCare system.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.