Southeast

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.

Alabama Gov. Robert Bentley has signed a bill setting up a plan to repay $438 million the state will borrow from the Alabama Trust Fund to prop up the state's general fund budget.

Peabody Energy Corp., which led efforts to develop the mostly bond-financed, joint power agency-owned Prairie State Energy Campus, has received a subpoena from the Securities and Exchange Commission on the coal-fired plant's development.

Lori Smith-Lalla has joined Greenberg Traurig’s public finance practice in Fort Lauderdale and will focus on city, county and local government finance.