Southeast

The Internal Revenue Service is auditing two separate series of hospital revenue bonds totaling $142.2 million that were issued by the Highlands County, Fla., Health Facilities Authority in 2005 and 2007 and then redeemed.

The Internal Revenue Service's own appraisal valuations show the Village Center Community Development District in Florida did not overpay when purchasing four pieces of property with bond proceeds, according to the CDD's lawyer.

Kentucky lawmakers approved reforms to the state pension system that address billions in unfunded liabilities that contributed to rating downgrades.

The Virginia Port Authority Tuesday declined proposals to operate as a public-private partnership after it received an unsolicited P3 proposal.

Louisiana Gov. Bobby Jindal said there is no need for a statewide vote on his plan to raise the state sales tax and eliminate the income tax.

Standard & Poor's Monday revised the outlook to stable from negative on Osceola County, Fla.'s general obligation bonds.

Alabama Rep. John Rogers, D-Birmingham said he will sponsor legislation to re-institute an occupational tax for bankrupt Jefferson County.

Moody's said that $2.7 billion of bonds issued by the Municipal Electric Authority of Georgia could be downgraded if costs and delays on the Vogtle nuclear plant escalate beyond those known so far.

The Virginia attorney general's office has issued an opinion that a sweeping new transportation law passed by the legislature last month violates the state constitution.

Sequestration and the reduction of Build America Bond subsidy payments took center stage as several prominent Virginia issuers came together to discuss their situations with investors Friday.