Southeast

The Louisiana State Bond Commission gave approval Thursday to New Orleans' request for taxable refunding issue of up to $200 million in late August.

On Wednesday South Carolina became the last state to adopt a fiscal year 2013 budget.

The Federal Highway Administration put the brakes on North Carolina's second toll road this week and rescinded its approval of the Monroe Connector/Bypass project for which three tranches of bonds have been sold.

The Virginia Small Business Financing Authority will price 262.3 million of bonds on behalf of 95 Express Lanes LLC next week, financing which is expected to pair with a $300 million federal loan for one of Virginia's biggest public-private partnerships.

Budget balances for states remain too low relative to annual expenditures, according to the National Governors Association and National Association of Budget Officers.

The Louisville, Ky. Arena Authority now plans semi-annual conference calls to discuss the status of bonds it sold in 2008 to build the 22,000-seat KFC Yum! Center.

Louisiana Health Secretary Bruce Greenstein will outline the reasons behind his order cutting $550 million from the state's Medicaid program Thursday at a special joint legislative committee hearing.

Louisiana could avoid repeated revenue shortfalls and be able to adequately fund higher education if state spending were more rational, Treasurer John Kennedy said.

Moody's Investors Service Friday placed its A3 rating on bonds issued for Geogia's Fort Valley State University on review for possible downgrade.

Florida Gov. Rick Scott Tuesday asked the state's Congressional delegation to investigate the scandal involving the manipulation of the London interbank offered rate.