Southeast

The Orlando-Orange County Expressway Authority has named interim director Max Crumit to be the Florida agency's permanent leader.

With Kentucky's unfunded public pension liability at more than $30 billion, a task force is examining how to close the unfunded gap and may consider pension bonds.

Revenue anticipation notes are an option for Louisiana local governments to pay costs from Hurricane Isaac until federal emergency funds begin flowing, State Treasurer John Kennedy said.

Backed by four ratings, among them Kroll Bond Rating Agency's first in Florida, Orange County hopes to reap extra savings during Thursday's $101.6 million refunding sale.

Memphis-based, fixed-income broker-deal Carty & Co. has expanded its new public finance division into Alabama, with an eye toward other states in the Southeast.

The 131-year-old Morris Brown College in Atlanta was forced to file for Chapter 11 bankruptcy after an investor holding $13 million of bonds demanded payment, or face foreclosure.

Local communities in eight states with a stake in the controversial mostly bond-financed Prairie State Energy coal project in Illinois could face fiscal stress due to the higher than projected rates they are paying and future financial risks, a new report from an pro-environmental group warns.

Moody's Investors Service has expanded its review for potentially downgrading Miami to include pension obligations and health care costs in addition to pending SEC charges.

Jefferson County, Ala.'s proposed rejection of a courthouse lease could lead other municipalities in bankruptcy to reject debt-secured leases.

The North Carolina state pension fund's investment in Facebook Inc.'s IPO is raising questions. The fund joined a class-action suit alleging it was misled.