Southeast

Attorneys for Miami have proposed a settlement to head off federal civil charges proposed by Securities and Exchange Commission, which filed a similar case against the city in the 1990s.

Rep. Frank Wolf, R-Va., announced this week that he has introduced legislation that would hand control of the Metropolitan Washington Airports Authority to Virginia.

Major environmental groups in Florida this week unveiled a campaign to ask the state's voters to approve a new bond program that could fund as much as $10 billion in conservation programs.

The Tennessee State School Bond Authority has closed on a $437.7 million bond deal that will save the state $27.8 million while financing projects at colleges and universities.

Moody's Investors Service changed the rating outlook to positive from stable on the Metropolitan Nashville Airport Authority's $197 million of A2-rated bonds. Moody's also upgraded the authority's $63 million of rental car facility bonds to A3 from Baa1.

The Kentucky Transportation Cabinet has issued the final guidelines that three teams will use to develop proposals for building the state's half of the $2.6 billion Ohio River Bridges Project.

The Tampa Bay Rays will begin talks with Hillsborough and Pinellas counties about the team's future on Florida's west coast. Those discussions could include moving the team from its current homebase in St. Petersburg.

Former Alabama Gov. Don Siegelman was re-sentenced last week to 78 months in prison for bribery, conspiracy, fraud and obstruction of justice. Siegleman was convicted of selling a seat on a state health panel in return for donations to a failed state lottery initiative.

The Birmingham, Ala., City Council Tuesday delayed making a decision on asking voters for $150 million of general obligation bonds. The council will decide whether to schedule the Oct. 9 referendum in another meeting.

These reduced forecasts are likely to impair the ability of Pocahontas 895 to service the bank and Transportation Infrastructure Finance and Innovation Act (TIFIA) loans used to fund the road's development.