Southeast

Birmingham, Ala.-based Regions Financial Corp. has hired two new employees to expand its corporate trust group in the mid-Atlantic region.

DALLAS -- Tuesday's $346 million negotiated refunding by the Louisiana Stadium & Exposition District is the final stage in the post-Katrina process to restore its financial viability.

DALLAS – Louisiana Gov. Bobby Jindal will propose a revised tax code that replaces billions of dollars from state income and business taxes with a higher sales tax when the Legislature convenes April 8.

Atlanta Mayor Kasim Reed plans to propose that the city issue about $300 million of bonds for infrastructure. He also thinks a deal will be reached to build a $1 billion stadium for the Atlanta Falcons.

The three popular suburban Atlanta charter schools that defaulted on $18.93 million of uninsured bonds have proposed a settlement with investors that is expected to result in a loss.

The Virginia General Assembly will decide whether to grant itself more oversight over privatizing the state's port facilities, as well as several other bond-related questions.

Mary-Margaret Collier, the long-time director of state and local bond finance in Tennessee, has announced plans to retire capping a 30-year career in public finance.

Virginia Gov. Bob McDonnell has introduced his transportation plan, a major overhaul of the commonwealth's tax system that would see the state gas tax disappear in favor of higher sales taxes and other fees.

Former Charlotte Mayor Pat McCrory became North Carolina's 74th governor on Saturday. He is the state's first Republican governor since 1988.

The Louisiana Stadium & Exposition District's upcoming $343.3 million refunding for the Superdome for the Superdome has been rated A by Fitch Ratings and A3 by Moody's Investors Service.