Southeast

A lawsuit delaying Kenner, La.'s plans to issue $47 million of revenue bonds may add $2 million to the city's interest costs.

Municipalities throughout Virginia will receive a share of nearly $155 million in state funds to help with infrastructure projects, Gov. Bob McDonnell announced Friday.

Jefferson County, Ala., has negotiated another agreement to settle payment on $138 million of defaulted sewer debt held by liquidity banks.

Moody's Investors Service has downgraded to A1 from Aa3 the Metropolitan Washington Airports Authority's $5 billion of airport revenue bonds.

The 11th Circuit Court of Appeals has postponed oral arguments on several issues relating to Jefferson County, Ala.'s bankruptcy case until Jan. 15.

The State Budget and Control Board approved $120 million in general obligation bonds June 18 to help with the expansion of Boeing's 787 Dreamliner plant.

The Louisiana Public Facilities Authority has disclosed that the Internal Revenue Service began auditing $240.43 million of its bonds in March 2012, but closed the audit with no change to the tax-exempt status of the bonds in February of this year.

The Internal Revenue Service's adverse ruling about the Village Center Community Development District will not impact other Village CDD bonds that Fitch rates.

Jefferson County, Ala.'s bankruptcy judge is being asked to reconsider postponing a case by sewer system ratepayers who say they will be unfairly impacted by a deal with major creditors.

Gilt-edged Georgia plans to competitively price up to $842 million in general obligation bonds June 26 in a multi-faceted deal that could have broad investment appeal.