Southeast

Moody's Investors Service on Monday said recent pension reform measures enacted by Tennessee "is credit positive because it lowers the state's contributions to the new plan and provides the state with greater control of its future pension expenses."

The Louisiana Senate has sent a bill to the House authorizing $252 million of off-the-book lease revenue bonds for the community college system.

Kentucky Gov. Steve Beshear has signed House Bill 1 into law imposing greater transparency and oversight requirements over the state's more than 1,200 special districts.

Atlanta Mayor Kasim Reed is proposing a fiscal 2014 general fund budget of $538.65 million, which is a decrease of $3.65 million over the current year's budget due to a continuing decline in property tax revenues.

Louisiana will avoid $110 million in swap termination penalties with a $303.1 million refunding on May 16 approved by the State Bond Commission.

Citi will serve as senior underwriter on Louisiana's $823 million restructuring of tobacco settlement revenue bonds, with up to $100 million of upfront savings.

Florida Legislators passed a $74.5 billion budget on Friday but the House turned down the Miami Dolphins' funding request toward $400 million in stadium improvements.

Louisiana Treasurer John Kennedy is critical of a plan to use savings from an $823 million refunding of tobacco settlement bonds to bolster the fiscal 2014 state budget.

A bill reducing the exposure and potentially reducing future bond issuance by Florida's Citizens Property Insurance Corp. is headed to Gov. Rick Scott's desk.