Southeast

BRADENTON, Fla. — Alabama Gov. Robert Bentley is proposing to sell as much as $500 million of grant anticipation revenue vehicle bonds to finance upgrades to road and bridges in projects that his office would select after consulting with local leaders around the state.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority approved an agreement with the state Wednesday to move forward with one of Florida's most expensive toll roads: the nearly $2 billion Wekiva Parkway.

WASHINGTON — A Fluvanna County, Va., circuit court judge on Thursday dismissed the lawsuit the county's Board of Supervisors had filed against their former financial advisor, Davenport & Co., after agreeing with the firm that the court could not decide the case under the state constitution's separation of powers doctrine.

The Virginia House of Representatives has stripped language creating a statewide tolling authority from legislation proposed by Gov. Bob McDonnell, rejecting a model of road finance that has fallen out of favor in recent years but remains viable for other states, according to transportation experts.

Fluvanna County, Va.'s Board of Supervisors and its former financial advisor, Davenport & Co., present two different versions of the December 2008 bond financing for a new high school in documents filed in connection with the board's lawsuit against the firm.

BRADENTON, Fla. — The Kentucky Turnpike Authority plans to price $256 million of new-money revenue bonds next week.

For a second time, the Clay Gas Utility District of Clay County, Tenn., has extended a tender offer to buy back its bonds for 10 cents on the dollar.

Louisiana Gov. Bobby Jindal will ask the Legislature to authorize $325 million of bonds to resurface and maintain almost 1,000 miles of state rural roads not eligible for federal matching grants.

Nine environmental groups last week filed a petition seeking U.S. appellate court review of the Nuclear Regulatory Commission’s rule certificating the Westinghouse AP1000 nuclear reactor, which will be used in two new units at Plant Vogtle in Georgia, a portion of which is publicly financed.

The Florida Hurricane Catastrophe Fund said Monday that it will release an invitation to negotiate to solicit proposals for financial advisory services.