Southeast

New laws in Tennessee laws prohibit state aid to fiscally distressed local governments and tighten requirements for local governments that use balloon or backloaded debt.

The double-A rated University of Kentucky competitively prices $100 million of refunding bonds on Thursday.

The Louisiana Bond Commission gave final approval to defeasing $210 million of general obligation bonds to provide the state with cash flow relief in fiscal 2015.

Standard & Poor's downgraded Petersburg, Va.'s general obligation rating four notches to BBB from A-plus citing weak budgetary flexibility and liquidity.

The Louisiana State Bond Commission plans to hire disclosure counsel to assist in determining if the state complied with continuing disclosure requirements as it weighs the SEC's MCDC initiative.

Lake Worth, Fla., has scheduled a referendum during the Aug. 26 state primary asking voters to approve $60 million in bonds for infrastructure projects.

The North Carolina General Assembly passed a bill clarifying that a regional commission should operate Charlotte Douglas International Airport.

Miami-Dade County plans to restructure three swaps associated with 1996 and 1997 bonds that have paid off with positive cash flow since being negotiated.

The Louisiana State Bond Commission has issued a request for proposals for a financial advisor. Proposals are due from interested firms July 10.

The Atlanta City Council approved a $1.9 billion budget for fiscal 2015, which includes $250 million in general obligation bonds that voters must approve in a referendum.