Southeast

The structure of Louisiana's tax code results in lower state revenue collections whenever federal taxes go up, the state's top economists said last week.

Port St. Lucie, Fla. is seeking companies interested in leasing the bond-financed building that housed the failed Digital Domain company.

Miami-Dade County commissioners approved a four-year, flexible draw-down bond program up to $675 million, in a private placement with RBC Municipal Products LLC.

Federal bankruptcy judge Thomas Bennett approved the first debt restructuring in Jefferson County, Ala.'s bankruptcy case, for $82.5 million of Ambac-wrapped lease revenue warrants.

Virginia Gov. Bob McDonnell announced final agreement has been reached on a $1.4 billion public-private partnership to finance, design, and build a new 55-mile section of U.S. Route 460 in the southeastern part of the commonwealth.

Wells Fargo filed a suit for breach of contract against three suburban Atlanta charter schools that are in default on $18.93 million of uninsured bonds.

State Bond Commission approved a $430 million fixed-rate negotiated refunding set for mid-January by the Louisiana Stadium and Exposition District.

In a ruling Wednesday, the federal judge overseeing Jefferson County, Ala.'s Chapter 9 case repeatedly blamed the state of Alabama for precipitating the county's bankruptcy filing in November 2011.

Tom Howard, Kentucky's executive director of financial management, is retiring Dec. 31 after 23 years of public service.

Gov. Bob McDonnell informed the U.S. Department of Health and Human Services that Virginia will not be pursuing a state-based health benefits exchange for 2014.