Southeast

Detroit bondholders may have a new worry after a judge ruled that Jefferson County, Ala., could have paid legal bills for its bankruptcy from cash that was going to pay warrant holders owed $3 billion.

Toll revenue from the I-495 express lanes in Northern Virginia increased 64.6% from the first to second quarters of this year, according to Transurban Group, the Australian infrastructure firm that operates the lanes.

Louisville, Ky.-based Hilliard Lyons has hired former Cook County chief financial officer and former Chicago comptroller Tariq Malhance to lead its public finance banking efforts in the Chicago region and Illinois.

Storm-damaged Charity Hospital would become New Orleans City Hall under Mayor Mitch Landrieu's $271 million proposal.

Moody's Investors Service Monday downgraded LaGrange, KY's general obligation bonds and lease revenue notes to Ba2 from A3.

Bankrupt Jefferson County, Ala., is seeking bids from underwriting firms to assist with its $1.89 billion sewer warrant refinancing obligation later this year.

Georgia is seeking public comments on three vendors that are vying to build the estimated nearly $1 billion, 30-mile, Northwest Corridor managed-lane project.

Louisiana refunded $663 million of tobacco settlement revenue bonds Tuesday to avoid an unfavorable market from Friday's jobs numbers.

A parish school board and a Louisiana teachers union are suing the state for $200 million over a lengthy freeze of aid to local education.

Alabama's Jefferson County expects to propose a closing agreement to the Internal Revenue Service within a few weeks on nearly $3.1 billion of outstanding sewer revenue warrants.