Southeast

BRADENTON, Fla. — Georgia has restarted the Northwest Corridor congestion-reliever project in the Atlanta metropolitan region using a traditional approach to its construction and funding, as opposed to a public-private partnership.

BRADENTON, Fla. — In a rapid fall from grace, the popular Fulton Science Academy Inc. in Georgia has seen its BBB investment-grade rating plummet to CC less than seven months after issuing $19 million of bonds.

DALLAS — Top Louisiana officials said Monday that higher education and public health would be devastated by fiscal 2013 spending cuts mandated by a budget passed late last week by the House.

BRADENTON, Fla. — Atlanta's proposed 13-year extension to comply with the terms of a federal consent decree related to sewer overflows is a credit positive, Moody's Investors Service said in a special report Monday.

DALLAS — Debate on Louisiana's budget for fiscal 2013 hit an impasse Thursday as conservative Republicans objected to fellow GOP Gov. Bobby Jindal's plan to use $268 million of one-time revenue to balance the $25 billion spending plan.

The Florida Hurricane Catastrophe Fund may seek up to $1.7 billion of financing from the municipal market in the upcoming months.

BRADENTON, Fla. — Of Florida's 67 counties, an "unprecedented" 52 have joined a lawsuit challenging a new state law that county officials say could impair their ability to make bond payments and meet debt coverage requirements while reducing bonding capacity.

The St. Bernard Parish, La., School Board will receive a final payment of $148.3 million for rebuilding efforts from the Federal Emergency Management Agency.

Louisiana saved more than $100 million in debt service costs with last week’s $803 million refunding of gasoline and fuels tax revenue bonds, said state Treasurer John Kennedy.

Atlanta officials announced Monday that they reached a proposed agreement with the federal government and the state of Georgia to modify a 1999 federal wastewater consent decree.