Southeast

Two reform bills included in a budget compromise would tighten Louisiana's state budgeting process.

The Georgia Supreme Court unanimously ruled last week that use of school tax revenue to fund development projects, including the Atlanta BeltLine, is constitutional.

Voters approved the issuance of $365 million of ad valorem tax bonds June 4 by the Reedy Creek Improvement District, a Florida public corporation that serves Walt Disney World.

Moody's Investors Service says agreements with most investors in Jefferson County, Ala.'s defaulted sewer warrants would result in a 60% overall recovery rate, which is consistent with the agency's Ca rating.

Louisiana Tobacco Settlement Financing Corp. approved a controversial refinancing of $720 million of tobacco settlement revenue bonds.

The federal judge overseeing the case against former JPMorgan bankers Charles LeCroy and Douglas MacFaddin denied the Security and Exchange Commission's request to set a trial date.

A construction delay and cost overrun report in nuclear units being built at the Summer Nuclear Station is a credit negative for the South Carolina Public Service Authority, Moody's Investors Service said Monday.

Louisiana lawmakers avoided a special session with a near-unanimous approval of a $25.4 billion budget for fiscal 2014.

Gilt-edged Wake County, N.C., is being asked to hold an $810 million bond referendum Oct. 8 to meet the capital needs of the county's fast-growing school district.

The Internal Revenue Service's ruling against the Village Center Community Development District in Florida may not be as wide-ranging as originally thought because of the unique set of facts that were found to be abusive by the IRS, market participants said Thursday.