Southeast

The Navy ceded 118 acres of a former base in New Orleans to the renovation effort financed with $150 million of state bonds.

Kentucky's general fund revenues declined 2% in April compared with last year, and represented a decrease of $16.5 million, State Budget Director Jane Driskell said.

Wells Fargo Bank N.A. has notified investors holding the defaulted bonds of three Georgia charter schools that they will lose about 22.7% of their outstanding principal.

The Federal Railroad Administration and Georgia Department of Transportation are preparing a study to evaluate high-speed passenger rail service between Atlanta and Charlotte, N.C.

Florida Gov. Rick Scott vetoed $368 million in special projects from the fiscal 2014 budget he received from the Legislature. The final $74.1 billion spending plan is the state's largest.

With market conditions continuing to improve, the Florida Hurricane Catastrophe Fund should have no problem issuing bonds to pay claims over the next 12 months.

Miami-Dade County is worried about its swaps going south if Congress tinkers with the tax exemption on municipal bonds. The county had swaps covering $953 million of bonds as of September 2012.

Louisiana tax collections will be $129 million more than had been expected this year with another $155 million in fiscal 2014.

North Carolina scheduled meetings in communities along Interstate 95 to discuss the I-95 Economic Assessment, and the next steps toward doing $4.4 billion in improvements including possible tolls.

St. Tammany Parish schools in Louisiana will see renovations and upgrades funded with proceeds from $135 million of bonds approved by voters last week.