Southeast

Louisiana Treasurer John N. Kennedy said Gov. Bobby Jindal's proposed 2014 budget is "a fond illusion" and structurally flawed.

French bank Societe Generale sold its holdings in bankrupt Jefferson County, Ala.'s sewer warrants, and has asked to withdraw from two potentially precedent-setting appeals.

Atlanta Mayor Kasim Reed said he will propose a plan of finance for the Atlanta Falcons new National Football League stadium in the next two weeks.

The Internal Revenue Service has closed its audit of $162.53 million of general fee revenue bonds issued by Auburn University, Ala., in 2007 with no change the bonds' tax-exempt status.

Moody's Investors Service has given its stamp of approval to Virginia's new transportation funding plan, saying that it is a credit positive for the commonwealth at a time when it is highly exposed to risk from federal cuts.

Louisiana is rapidly running out of general obligation bond proceeds to finance state capital projects and can't issue enough additional debt to pay for projects already on the books.

San Diego-based Common Bond Capital Partners has acquired its first distressed land-secured municipal bond project in Florida.

Kentucky Gov. Steve Beshear has signed House Bill 7, which allows the state's public universities to issue $363.3 million of own bonds secured by specific fees to fulfill pent-up capital needs.

The Georgia House has passed a bill that would revamp governance of the Metropolitan Atlanta Rapid Transit Authority, privatize some services, and impose tighter restrictions on the issuance of bonds.

Federal Judge Thomas Bennett Friday entered several major orders that chisel away portions of the $1.63 billion class-action suit filed in Jefferson County, Ala.'s Chapter 9 bankruptcy case.