Southeast

A bill that would have authorized the Virginia Public Building Authority to issue an additional $300 million in bonds for wastewater treatment facilities died in committee.

Tennessee's comptroller has found improper purchasing practices and other questionable activities at Nashville Electric Service, which is an enterprise of Nashville and Davidson County.

The State Bond Commission considers a plan Thursday by Louisiana Stadium and Exposition District for a $430 million refunding in 2013.

Gov. Bobby Jindal ordered $166 million of cuts in the state's $25 billion budget for FY2013 last week after the revenue outlook fell by $129 million and by $207 million in FY2014.

Bankrupt Jefferson County, Ala., is continuing to negotiate with creditors over the disposition of $3.14 billion of defaulted sewer debt.

Kentucky's tax reform commission is recommending 54 changes to the state tax code that would generate about $659 million of new revenue annually if fully implemented.

Moody's Investors Service said that Georgia Perimeter College faces more negative credit pressure because its accreditation has been placed on warning by the Southern Association of Colleges and Schools, or SACS.

Virginia Gov. Bob McDonnell unveiled his proposed amendments to Virginia's 2012-2014 budget, an $86 billion two-year plan he said prepares Virginia for the fiscal cliff by increasing cash reserves and flexibility and puts transportation revenue on a firmer footing.

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

Despite ongoing federal scrutiny related to past bond deals, Miami closed on the sale of $45 million of revenue bonds Thursday for an all-in, true-interest cost of 3.82%.