Southeast

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.

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.